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Payroll: Can direct deposit be sent to credit card or only a bank account?

The process references a "direct deposit" be sent to the recipient. Can this be to a credit card or is it to a bank account only?

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Hi @ServoSIx - Direct deposits from Payroll can only be sent to bank accounts. You can read more info about direct deposit and how to set it up here

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Hi @ServoSIx - Direct deposits from Payroll can only be sent to bank accounts. You can read more info about direct deposit and how to set it up here

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Thank you!

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@katieand is there a way to send money from my Square balance to a credit card?

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Admin

@ServoSIx You can send your deposits from Square to a debit card using Instant Deposits! 

 

It's important to note that you must link a bank account to your Square account in order to use Instant Deposits, and there is a 1% fee to use this feature. There's more information about setting up and using Instant Deposits in our Support Center.

️ Helen
Seller Community Manager

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Thank you!

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When I receive payments; can I w/d the funds immediately or is there a waiting period of some time?

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Square Community Moderator

If you use Instant Deposits, you can send the funds immediately so long as you have a compatible card linked to receive the funds. 

 

Otherwise, the funds will be sent with our normal deposit schedule to your linked bank account. 

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