Cash App started as a potential peer-to-peer (P2P) alternative to Venmo, PayPal, Apple Pay, Chime, Netspend, and Google Pay. The online payment app has grown into one of the most downloaded in the US and valuing its parent company, Block, Inc., at $78.5 billion as of 2022.
With over 30 million monthly users, the online money transfer app is not going anywhere soon. It also enables users to pay and receive direct deposit payments and trade stocks and bitcoin cryptocurrency.
A direct deposit is an electronic deposit into a bank account instead of a physical paper check. You may wonder how Cash App’s direct deposit works and when you can expect your money.
So, what time does Cash App direct deposit hit?
Short answer: The time it takes Cash App direct deposit to hit may vary based on the sending bank’s processing schedule. Generally, Cash App deposits usually hit your account around 11:30 am Central Standard Time (CST) or 12:30 pm Eastern Standard Time (EST).
The Cash App direct deposit benefits include early payments, and the funds are available to customers as soon as the sender releases them. Hence, direct deposits are available on Cash App up to two days earlier than traditional bank deposits.
Read our comprehensive guide on Cash App direct deposit limits, weekend processing, setting it up, delays, and why it’s not showing in your account.
What Time Does Cash App Direct Deposit Hit?
Your Cash App direct deposit hits by 11:30 am CST or 12:30 pm EST, generally after initiated. However, keep in mind that weekends and holidays may further delay your deposit by a few hours or even days. The bank processing schedule depends on where it falls on the calendar.
Generally speaking, the time for a Cash App direct deposit to be credited to your bank account may vary based on the transfer initiation date and the length of time it takes your bank to process it.
See our guide on the time direct deposit times hit at banks and credit union accounts.
How Long Does Cash App Direct Deposit Take?
Cash App direct deposits take between one to five business days to arrive in your wallet after the scheduled arrival date. Depending on your bank’s processing time, expect direct deposits to hit your account between Monday and Friday.
Cash App now accepts payroll direct deposits. You need to provide your employer with the Cash App routing number and your account number to get money deposited in your account.
We recommend calling customer support if you haven’t received your direct deposit or it’s delayed by more than five days. You don’t want to overdraft your Cash App card and have a negative balance in your account.
Does Cash App Direct Deposit Early?
Cash App direct deposits are usually available immediately after they arrive, two days earlier than most other banks. However, the exact arrival time will vary depending on when the sender releases the payment to Cash App.
Using Cash App direct deposit is faster than most traditional bank deposits. As a result, you get your cash faster to spend on things like utility bills, picking up groceries, or restaurants that take Cash App.
Does Cash App Direct Deposit on Sunday?
No, Cash App direct deposit is not available on weekends. As a result, the online payment platform does not process direct deposits on Sundays, Saturdays, and holidays.
Nonetheless, it’s possible to make direct deposits on Federal bank holidays, including President’s Day, Labor Day, Thanksgiving, and Veterans Day. Still, the cash won’t hit your account until after the holiday.
