https://community.squareup.com/t5/Payments-Troubleshooting/automatic-transfers-to-bank/m-p/694319#M32668 <P>Hi, I opted for the automatic transfers to my bank and wasn't sure if there is a charge for this.&nbsp; Do you know if square charges a fee for same day automatic deposits?&nbsp;</P> Sat, 20 Sep 2025 19:57:26 GMT JMR247 2025-09-20T19:57:26Z https://community.squareup.com/t5/Payments-Troubleshooting/automatic-transfers-to-bank/m-p/694319#M32668 <P>Hi, I opted for the automatic transfers to my bank and wasn't sure if there is a charge for this.&nbsp; Do you know if square charges a fee for same day automatic deposits?&nbsp;</P> Sat, 20 Sep 2025 19:57:26 GMT https://community.squareup.com/t5/Payments-Troubleshooting/automatic-transfers-to-bank/m-p/694319#M32668 JMR247 2025-09-20T19:57:26Z https://community.squareup.com/t5/Payments-Troubleshooting/automatic-transfers-to-bank/m-p/694359#M32669 <P>Hi&nbsp;<a href="https://community.squareup.com/t5/user/viewprofilepage/user-id/638889">@JMR247</a>. &nbsp;Here is a link to the <A href="https://squareup.com/help/us/en/article/5721-set-up-and-manage-same-day-deposit" target="_self">Square Help Document on Same-Day Transfers</A>. &nbsp;I’d recommend reading it thoroughly because it has lots of useful information. &nbsp;But, to answer your specific question, same day transfers cost 1.75% of the amount transferred each day. &nbsp;This effectively means that instead of your processing fees for each transaction being 2.6% they will be 4.35% for each transaction, FYI.</P> Tue, 14 Nov 2023 19:22:04 GMT https://community.squareup.com/t5/Payments-Troubleshooting/automatic-transfers-to-bank/m-p/694359#M32669 TheRealChipA 2023-11-14T19:22:04Z