I am wanting to wait to deposit the money at a later date instead of the next day, is there a way to do this?

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The only way you can hold funds so they will be deposited at your request is to have a Square debit Card.  When you have that, you need to request a transfer of your funds to your bank account and until you do, your funds are held in your account at Square.  If you don't have a Card, your funds will be deposited according to the schedule you set up here, or Dashboard > Account & Settings > Business > Deposits and go to the Deposit Schedule section.

 

A couple of things to consider when you leave your funds in your Square account:

  • They are not FDIC insured, and
  • They don't accrue interest as they would in a savings account at your bank.
Judy T Shumway
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In response to GlassJudy
Ok, thank you for your reply. That all makes sense!
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