The Cash's Square app now accepts direct deposits for your earnings.
It looks like every new feature Square adds to its Cash app takes it one step closer to becoming the de-facto bank account for its users.
For example, the app has just launched support for ACH direct deposit, which means users can now get their salary or other deposit that goes directly to their Cash app balance.Like other features in peer-to- peer payment apps, the cash app direct deposit setup is almost too simple. After receiving the disclosure, you are given an account number and a routing number. All of which an employer needs to start making direct deposits. To Know more visit us at: www.cashappdesk.com
You need an activated Cash Card to enable direct deposits. Once enabled, you can receive up to $25,000 per direct deposit, and up to $50,000 in a 24-hour period.
When you activate your Cash Card, you will immediately see your new account and routing numbers. To use your account and routing number:
Tap the Banking tab on your Cash App home screen
Tap the routing and account number below your balance
Use the options to copy your account and routing numbers
Provide the account and routing number when prompted for a bank account during direct deposit setup
To get a direct deposit form:
Tap the Banking tab on your Cash App home screen
Tap Direct Deposit
Select Get Direct Deposit Form
Fill out your employer information, the amount you would like to be deposited from each paycheck, and provide your signature
Select Email Form and enter the recipient address before tapping send
Your completed direct deposit form can be viewed at any time by tapping Get Direct Deposit Form from the Banking tab and selecting View Previous Form.