thread Re: How to Cancel Instant Deposit in Archived Discussions (Read Only)

Can I cancel an instant transfer right after I did an instant transfer ?

Nailsbyli — Wed, 04 Dec 2019 21:56:50 GMT

Can I cancel an instant transfer right after I just made 1 and I did into a wrong account?

[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]

Re: Can I cancel an instant transfer right after I did an instant transfer ?

VanKalkerFarms — Wed, 04 Dec 2019 21:57:44 GMT

You cannot cancel an instant transfer.

How do I cancel Instant Deposit?

Dawn-3571 — Sat, 11 Jan 2020 02:28:05 GMT

I changed the bank info on the bank accounts but not under the instant transfer screen. The money was transfer in the old account (which is still open). How do i cancel instant transfer and reverse transfer to go into the other account.

Re: How do I cancel Instant Deposit?

EJ_ — Wed, 04 Dec 2019 22:10:29 GMT

This reply was created from merging an existing thread: “How do I cancel Instant Deposit?”. The original author has been notified via email.

Hi @Dawn-3571

I've moved your post over to this existing thread.

Unfortunately you're not able to cancel an instant transfer, as the funds are instantly sent to your account.

How to Cancel Instant Deposit

MAS — Wed, 04 Dec 2019 22:11:10 GMT

I have just set up my instant transfer by connecting it with a debit card. I didn't realize there is a 1% fee taken for instant transfer. But can't figure out how to cancel the instant transfer. How do I cancel my instant transfer. Thanks.

Re: How to Cancel Instant Deposit

Helen — Sat, 11 Jan 2020 02:28:23 GMT

@MAS I'm very sorry but an Instant Transfer cannot be cancelled because it's sent to your bank account instantly!

Re: How to Cancel Instant Deposit

MAS — Sat, 11 Jan 2020 02:28:43 GMT

I don't mean to cancel the transfer. I mean that I would like to cancel the process of instant transfer. Or is it a one time process? Does that makes sense?

Re: How to Cancel Instant Deposit

VanKalkerFarms — Wed, 04 Dec 2019 22:11:44 GMT

each instant transfer is a one-off. you can turn the option off in the settings of the Square POS app under deposits.

Can you cance a transfer?

Snowhite — Sun, 07 Feb 2021 09:55:52 GMT

I want to cancel a transfer i did today...can I?

Re: Can you cance a transfer?

ashc — Sun, 07 Feb 2021 12:43:27 GMT

Hi @Snowhite,

I moved your post to an existing thread where this question has been answered.

Check out the thread above.

Transfer

Jagjr8487 — Sun, 02 May 2021 02:19:02 GMT

How do I cancel a transfer?

Re: Transfer

Joe — Mon, 03 May 2021 12:29:53 GMT

Hi there, @Jagr8487 👋 Welcome here to the Seller Community.

The ability to cancel transfers is currently not a feature that Square offers. For record keeping purposes, I've gone ahead and merged your post into an existing thread of Sellers who were also looking for information regarding cancelled transfers.

Re: Can I cancel an instant transfer right after I did an instant transfer ?

twinchetta — Fri, 20 Aug 2021 21:58:32 GMT

i changed my bank account I have two accounts at the same bank the money when into the bank account

Re: Can I cancel an instant transfer right after I did an instant transfer ?

twinchetta — Fri, 20 Aug 2021 22:03:23 GMT

when you change your bank account how long do it take before you should do instant because I will not change account. The money continual to go into the same account.

Re: Can I cancel an instant transfer right after I did an instant transfer ?

BRUCERGOLDMAN — Sat, 21 Aug 2021 18:26:21 GMT

How do I modify the amount of an instant transfer. I was not aware of the requirement for a remaining balance

Re: How to Cancel Instant Deposit

chucksmix — Sat, 18 Sep 2021 02:52:17 GMT

I think the question is, can we cancel the instant transfers going forward, not after the fact. There must be a setting that allows you to keep the balance in your square account without automatically transferring it. It would be rediculous not to be able to do this. But I can't figure out how.

Re: How to Cancel Instant Deposit

BernadetteA — Sun, 19 Sep 2021 00:47:39 GMT

Welcome to the Community, @chucksmix 😊

You can turn off Instant Deposit from the Square Point of Sale app:

Tap Settings > Instant Deposit.
Toggle Enable Instant Deposit to off.

Re: Can I cancel an instant transfer right after I did an instant transfer ?

ccceramics — Sat, 30 Apr 2022 21:26:00 GMT

I misclicked instant transfer way too easily. This should be under a menu if there's no confirmation or way to cancel.

Re: Can I cancel an instant transfer right after I did an instant transfer ?

JJ_ — Mon, 02 May 2022 20:14:35 GMT

Hello there @ccceramics

In my experience Instant Transfers require a confirmation as we display the fee and the total amount to be transferred. If this wasn't the case then I suggest you reach out and report this to our team so they can investigate this for you.

Re: Can I cancel an instant transfer right after I did an instant transfer ?

hermetheuscoffe — Thu, 23 Jun 2022 18:39:47 GMT

This wasn't the case for me, nor can I turn this off in my POS app on my iPhone (I can see the Instant Transfer line, but it's gray and has no option to disable it). Is there a way to disable this from the main Square Dashboard? This is very frustrating and feels borderline predatory to make this the DEFAULT and then offer no way to credit back the 1.5% that was taken away.