Hey @Sweetscents,
Thanks for reaching out!
The first time you link a bank account to your Square account it does take approx. 5 business days to verify the link. You'll also want to make sure the account is able to link with Square. There are a few different scenarios that can cause bank verification to fail:
Bank Account Typo
Carefully enter your bank account details. Typing errors in your BSB or account number can cause your verification to fail.
Insufficient Funds
Square’s verification deposit and withdrawal may process simultaneously. You’ll need at least $1.00 in your bank account before you restart the bank verification process.
Non-transactional Bank Account
Square requires the ability to credit and debit funds from your account, in the event that you process a refund for a transaction we have already deposited to you. A non-transactional account does not allow funds to be debited.
Multiple Signatures Required for Direct Debit or Withdrawal Authorisation
Square requires the ability to set up a direct debit on the account, in the event that you process a refund for a transaction we have already deposited to you. When Square tries to set up the direct debit, our request will fail as not all signatories will have authorised us to do this.
Hope this helps, please let me know if you have any further questions!
Seamus
Square, Australia
Sign in and click Mark as Best Answer if my reply answers your question.
