Delayed Bank Withdrawal Issue

shopzo — Sat, 20 Sep 2025 13:09:42 GMT

Sir I linked my bank account and withdrawal 860 dollars on Friday it was completed and it's Monday I still haven't received my amount this is my first experience which is going very bad I don't understand.

I still haven't got the amount showing in my bank can you tell me how it works

Re: Delayed Bank Withdrawal Issue

TheRealChipA — Mon, 07 Oct 2024 11:47:56 GMT

Hey @shopzo. So here’s how it works. First, keep in mind that transfers from Square to our banks are processed through the national ACH system. Basically, think of ACH as electronic checks that are sent back and forth between banks. Also, in my explanation, you can replace “Square” with “Clover” or any card processor because your experiences with any of them will be almost exactly the same

Once a transfer from Square to our banks is initiated, Square creates an ACH transfer to that bank.
This transfer goes to the national ACH system. From here, it can take 1-3 BUSINESS days (Monday through Friday) for the money to show up in our bank accounts.
When our bank receives the money, most banks usually post the transaction as pending. It is up to your bank to decide how much (if any) of that they want to make available to you before it actually posts.

Since you initiated the transfer on Friday, it could show up as pending this morning. My bank does this, but not all banks do. You’ll have to ask yours. If it doesn’t show up today, it will most likely show as pending tomorrow morning.

Note that you CAN do an immediate transfer, using your bank account’s debit card. However, you’ll want to rarely do this because instant transfers cost an additional fee percentage of 1.75%. That should only be used for emergencies, obviously.

thread Delayed Bank Withdrawal Issue in Banking With Square

Delayed Bank Withdrawal Issue

Re: Delayed Bank Withdrawal Issue