Where can i find answers about next day direct deposit?

[Ninamt]

• So i’m new to using square. I chose next day direct deposit for my account to avoid the same day deposit fee; however, when I looked at my bank statement today, my deposit of what was suppose to be $100 only credited $0.01 to my bank account. Where did my money go? 

[Joe]

Hi there, @Ninamt! Thanks so much for taking the time to ask your question here on the Seller Community. Welcome to Square! We are so happy to have you 😎

I think we can provide some clarity here! It sounds like your bank account is in the process of being verified. When a bank account is being added to an account for the first time, we send over a small amount to amount to the bank and pull it back to ensure that we have created a clear and safe line of communication for deposits. This process usually takes a few days to complete. 

Once the verification process has fully completed, we will then deposit your balance of funds via our normal next-day deposit schedule in which you've opted into. 

I hope this information is helpful! Please let me know if you have any lingering questions - I am here to help.