Want to know whether you get a Lincoln Savings Bank Cash App username and password with Cash App? Continue reading through the article to find out!
When making direct deposits with Cash App, you might come across Lincoln Savings Bank and think you have access to the bank’s online services.
As such, you might wonder what your Lincoln Savings Bank Cash App username and password are.
This article explains the relationship between Lincoln Savings Bank and Cash App.
Read on for the lowdown.
The Cash App/Lincoln Bank Partnership
Before we get to the bottom of whether your Cash App account gives you login credentials for Lincoln Savings Bank, you must understand how Cash App and Lincoln Savings Bank are related in the first place.
About Lincoln Savings Bank
Lincoln Savings Bank, established in 1902, is one of America’s oldest banks. The bank has proud roots in Iowa and, while not one of the most well-known banking brands, is worth roughly $1.4 billion.
True to its name, the Lincoln Savings Bank logo features the likeness of one of the most celebrated presidents in US history, Abraham Lincoln.
Is Lincoln Savings Bank Cash App?
No. Lincoln Savings Bank and Cash App are two completely different businesses. However, considering that Cash App offers customers banking-related services like direct deposit and issues debit cards (the Cash App Card), it isn’t too difficult to see how you’d confuse Cash App with a bank (it’s not).
However, as is discussed in the section below, banking services aren’t all Cash App and Lincoln Savings Bank have in common.
How the Partnership Concerns Your Cash App Account
So, if Lincoln Savings Bank and Cash App are two unrelated business entities, why do they appear in the same sentence? The two financial services providers entered into a mutually beneficial partnership that provides a seamless experience for Cash App users.
The Lincoln Savings Bank Cash App partnership boils down to this: Cash App users get a virtual bank account with their Cash App account. Lincoln Savings Bank processes transactions to and from this virtual account. In other words, the Cash App Lincoln Bank partnership is how Cash App users like you can receive direct deposits to your Cash App account.
All Cash App users who enable direct deposits get a routing number with their account. This Lincoln Savings Bank Cash App number is what enables you to deposit your paycheck to your Cash App balance (for example).
Why Cash App Needs Lincoln Savings Bank
If you’re wondering why Cash App needs Lincoln Savings Bank at all, the reason is simple: the former financial services provider is a virtual bank and so needs the latter to help process its transactions.
So, while Cash App does many banking-related activities, it can’t do them independently, not being an actual bank in the eyes of the law. The Lincoln Savings Bank partnership is how Cash App bridges that gap.
Interestingly, Cash App isn’t the only finance app partnered with Lincoln Savings Bank. Two other apps, Acorns and Qapital, also have partnership accounts with the bank.
Does My Cash App Account Give Me a Lincoln Savings Bank Account?
No. Your routing number isn’t an actual bank account at Lincoln Savings Bank. It’s a means through which Lincoln Savings Bank facilitates direct deposits to your Cash App account.
By association, you don’t have login credentials for online banking at Lincoln Savings Bank since you don’t actually have an account with the bank.
We mentioned that Lincoln Savings Bank helps Cash App bridge the gap between its service and essential banking services like direct deposits (which Cash App can’t legally do). So, your only link to Lincoln Savings Bank is your Cash App routing number, which doesn’t give you access to the bank’s online banking services.
Notably, Lincoln Savings Bank states that all information related to your Cash App account is available on Cash App.
Final Thoughts
Even though Lincoln Savings Bank facilitates direct deposits to your Cash App account, it doesn’t necessarily mean you have an account with the bank.
Therefore, you don’t have a username or password tied to Lincoln Savings Bank’s online banking services.
