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:
- Go to Settings in your Dashboard or Square Point of Sale app.
- Select Deposits.
- In the Deposit Schedule section, select Manual.
Here’s how it looks in your Dashboard:
Here’s how it looks in the app:
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.
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