thread Re: How Fast can funds for large purchases be deposited by Square into bank account on record in Archived Discussions (Read Only)

How Fast can funds for large purchases be deposited by Square into bank account on record

THSTUDIO — Sun, 04 Nov 2018 22:46:59 GMT

How Fast can funds for large purchases be deposited by Square into bank account on record

Re: How Fast can funds for large purchases be deposited by Square into bank account on record

PapasNC — Mon, 05 Nov 2018 03:25:33 GMT

Square has an Instant Deposit option. As long as your payment goes through, you can deposit that money instantly to your bank account.

From the time you collect the payment to the time its in YOUR bank account and ready for you to use.

No more than 5min.

Re: How Fast can funds for large purchases be deposited by Square into bank account on record

THSTUDIO — Mon, 05 Nov 2018 03:35:40 GMT

THANK YOU FOR THE FAST REPLY. THE ONLY RESTRICTIONS ARE THAT IF IT IS LARGER THAN $10K, it has to be done in installments (let's say if $20k, it would be in two installments)--then they might flag it for security reasons, plus there is a 1% extra fee on top of the 2.9% regular Square fee, as I understand it.

If you have any other suggestions how to do this, it is greatly appreciated.