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Admin
New: Manually deposit money into your bank account
New: Manually deposit money into your bank account

Hi Seller Community,

 

We’re excited to introduce another option for transferring your money from Square to your bank account: manual deposits. This means your money will be available in your Square balance instead of automatically being transferred to your bank account on a nightly basis. When you decide to manually transfer your money, it’ll arrive in your bank account the next business day—at no extra cost.

 

How to activate manual deposits:

 

  1. Go to Settings in your Dashboard or Square Point of Sale app.
  2. Select Deposits
  3. In the Deposit Schedule section, select Manual

 

Here’s how it looks in your Dashboard:

 

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Here’s how it looks in the app:

 

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Once you’ve activated manual deposits, here are your options for transferring money:

Standard transfer: Arrives the next business day for no additional fee.

Custom close of day: If your business has unique hours, you can customize the time you’d like transactions grouped for daily deposit. 

 

Learn more about your deposit options.