Activated again

[Rolldog71]

I have a question I just activated my Square again, but I had to change my banking. How long does it take for it to be activated and when I use it towards my customers go into my bank right away or does it take quite a few days to the bank to activate with Sqare.?

[Minion]

HI @Rolldog71 

Once you change banks, and he bank is verified which can take a few days to verify the bank  Once hat is all completed and your bank is linked it is just a matter of the normal processing ties you have set up.  My transfers are sent manually and usually arrive next day . 

[Summer2024 · Accepted solution]

Thanks @Minion for your response here! 

@Rolldog71 hopefully this has been resolved, but for anyone else that comes across this thread let me explain the timeline for bank verification and transfers.

Bank Account Verification

1. Initial Setup

   • 1-2 business days for verification
   • Small test deposits will be sent
   • Need to confirm test amounts

2. Activation Timeline

   • Bank verification: 1-2 business days
   • First transfer available after verification complete
   • Initial transfers may take longer

Transfer Timing Options

1. Standard Transfers

   • Next business day (default)
   • Free of charge
   • Processed Monday-Friday (excluding holidays)

2. Instant Transfers

   • Available immediately after verification
   • 1.5% fee per transfer
   • Arrives within minutes
   • Must have eligible debit card

Important Notes

1. First-Time Transfers

   • May take longer than usual
   • Additional security checks
   • Monitor email for updates

2. Transfer Schedule

   • Cutoff time: 5 PM PT
   • Weekends not included
   • Holiday schedules differ