I would like to utilize the Square banking and savings feature but have a few questions.
Can you break a single deposit into 3 transfers which include
1) $xx to my personal account
2) $xx to my square checking/debit card
3) $xxx to my square savings account?
Or is the only way to deposit it all to the Square banking accounts and then to move any access cash to my personal account by pulling monies out of Square checking by going to the ATM and then depositing that cash into my personal checking account?
@schwabber I do know from the literature I have seen that you can auto designate an amount or percentage of a deposit once it is sent to your account from square to go into your savings. You could then set up an ACH transfer into a personal checking account almost like an online bill pay. I have not set up a square checking account but it is definitely a cool product. I think the advertisements for the automatic savings and sub accounts make it attractive. So I think you kind of have it all go to the main square account and then you can designate what happens to it after that to automate things.
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