How can I increase the limit for my employee's direct deposit?

BohemianLens — Fri, 01 Oct 2021 02:16:16 GMT

I was trying to do payroll and when I hit send payment, it tells me Ihave met my limit for direct deposit. What is this? Can I change The Limit?

Re: How can I increase the limit for my employee's direct deposit?

Donnie-M — Fri, 01 Oct 2021 10:56:32 GMT

@BohemianLens It sounds like you might be trying to do an instant payment with square payroll instead of the normal 4 days in advance cycle. Do you have enough funds in your square balance? or are you having to take from funds from a linked debit card to do the payroll?

If you are having to get money from a linked debit card and not your actual square balance (especially if it is new) there are some limits:

"Select the amount you want to add, up to $2,000 per day. Sellers that are new to Square will have a $500 per day limit, which can increase up to $2,000 as you process more payments with Square."

The complete info is here: Pay Faster Using Square Balance

The key thing is how much money do you have in your square balance.

Hope this helps,

Donnie-M

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How can I increase the limit for my employee's direct deposit?

Re: How can I increase the limit for my employee's direct deposit?