First of all, you need to know about the square. So, let me clarify that square is a method of payment. It allows you to pay or receive your payment if you are running a short business. To have access to the square, you need to create your square I’d. Moreover, it does not require any kind of monthly charges. To answer the question, yes you can transfer money from square to bank account easily. To get the method for it, stay with the article!
Transfer by Standard Next-Day Method
This is the first method to transfer money from square to bank account. Your money will be transferred within 36 hours on normal or working days. Moreover, this method is applicable if you change a particular setting in your square dashboard. You just need to click on the unlimited transaction button. Accordingly, you will be able to send your money by next-day method.
Quick Transfer from Square to Bank Account
Sometimes, you can not wait for your money for 36 hours. In this case, you want to make your money transfer quick. Now, you do not need to be worried about it because you can transfer your money quickly by square to your bank account. But here is a condition with it. That you would have to pay 1.5% of your transfer amount to the square. It is the policy of square. So, there should be 1.5% money in your square account after your money transfer.
Follow these Steps
To transfer your money, you need to follow these steps.
- Firstly, open your square account on your mobile phone or any other supported device.
- Go to the account settings of the square.
- Then, click on the button for available transfer.
- Now, enter or credit or debit card number on which you want to send your money.
- Click on the Save button to proceed on.
- Push the icon of gear in your square account settings.
- Exit the Account settings.
- Open the Add Bank Account settings.
- Enter all the details of your bank account and billing.
- Submit all these details at last.
- You will receive a confirmation code after 24 hours by square administration.
The bank that Supports Quick Transfer of Money
There are a lot of banks that are used all over the world. But all these banks do not support your Instant transfer of money. Therefore, you need to make sure first of all that your bank account responds to quick transfer or not. You can check it easily by putting your account details in your square account transfer setting. It will show its availability then you will be able to proceed with further steps to transfer your money. Bank of America type bank account support this quick money transfer from square to the bank account.
Now, you can hold your payment at any time. But the holding time is limited. You can hold your payment transfer within 36 hours. After this time, your money will be transferred to your desired bank account. To control your payments, go to your square account settings. Then click on the manual button to control center of your money.
To sum up, I would like to state that you can easily transfer your money by square to bank account. You just need to follow the above-mentioned simple steps for it. Furthermore, you will be able to make instant money transfer through the square.