I just sent out an invoice to a customer for $100 and change. They should be paying with credit card soon.
I want to change my bank accounts on square before the payment comes in.
I forget if there is any turn around time on the new bank account being synked to Square or if its instant.
If its not instant and the payment comes in via credit card will it mess up the transaction?
If it doesnt great, also if it doesnt with the custmoer but does on my/square's end ok... As long as I get the money coming in I dont care.
Who knows how this would occur in this situation.
Re: Change bank accounts while there is an invoice out that could get paid
How's it going @mkmto -
When adding a bank account, verification can take up to 4 biz days which means all funds will funnel to your old bank account in interim. To stop this from happening, it's best to call Support so they can delete your old bank. This won't mess up your transactions - instead they'll be sitting safely in your Square Balance until the new one is successfully linked.
I've merged you post to this thread to see George's best answer. He included a support article link that talks more about the bank verification process!
Re: I have been waiting seems forever for my new banking information to be verified, why is it ta...
It can take up to a full 5 business days to have your bank account verified, check out George's answer above for more information.
@juleznfriends09 You can process payments right away! Even while waiting for bank verification to complete, we will simply hold your funds till your bank is linked. Check out George's response above for more information.
@William04 See George's response above. All bank changes can take up to about 5 business days. This applies to both the first time linking of a bank account as well as any changes to the bank account linked.