Square wont let me instant transfer?

Kaiba7333 — Fri, 04 Nov 2022 22:57:46 GMT

I'm new to the square. I've used it for 2 weeks now. Yesterday I was able to transfer money into my account no problem. This morning I wake up to the app telling me I have to re link my bank account which I did 3 times and validated the account via email 3 times for it still to say I need to link the account. I need the money ASAP is there anyone that can help me please

Re: Square wont let me instant transfer?

Arie — Sat, 05 Nov 2022 05:23:09 GMT

Hi @Kaiba7333,

I noticed it's your first post, welcome to our community 👋

While we can't take a closer look at your transfers via this public forum, there are a few things worth checking from your end:

- New sellers will be limited to $500 per day, and eventually, you'll be able to transfer up to $5,000 per day.

- The minimum amount for instant transfers is $5.

- When we attempt to link your bank account to your Square, a deposit of +$0.01is sent to your bank account, and we may optimistically verify your bank account while waiting to debit the -$0.01. If the bank account you linked doesn't allow us to both deposit and withdraw this amount, bank verification fails. Commonly this happens when you link a savings account, or some business accounts that are set up in a way that doesn't allow third party withdrawals. Generally, everyday transactional accounts can be linked successfully. Learn more here.

thread Re: Square wont let me instant transfer? in Community Corner

Square wont let me instant transfer?

Re: Square wont let me instant transfer?