How long does it take a check deposit to go into my account?

How long before a check deposit goes into my square checking account mine are still pending

 

KelvinMott
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Square Community Moderator

Solution

Hi there, @CatGuy!

 

I completely understand that it can be super frustrating when your check is still pending to be deposited. Here is a Support Article that highlights timelines on deposits and other information regarding Square checking. 

 

If your check has not deposited after 6 days, please reach back out and we will take a deeper look. 

View Solution >

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Message 9 of 27
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26 REPLIES 26

Square always holds checks for the max amount of time. I can never understand why? My personal bank clears within a day sometimes immediately. Maybe just paying the extra for a business account with them would be a better option than using square to cash my business checks anymore. This is really a ridiculous practice. This company makes a lot of money off me for invoicing, card processing fees, bank transfer fees and everything else. No one has time to wait weeks for a check to clear. 

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Message 22 of 27
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Hello I’m getting really frustrated I’m new to square my account has already been suspended but I have pending payments this situation has been going on since May 22 I turned in all of the documents that were requested and the account was still suspended and my payment never deposited into my account but I can see the payment saying pending when will my funds be released?

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Message 23 of 27
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Square, do you have any intentions of speeding up your check deposit feature anytime soon? I use multiple banks, and it's been years...I mean years...since I've had to wait 6 days for a check to be available. I understand there are probably issues that force you to hold these funds longer than a bank, but I'd like to know if there are plans in the future to modernize this process and it get it up to speed with other banks, who generally allow at least some of the funds to be available immediately. Chase, for example, allows $500 immediately, then by the next day or so, all other funds are available. 

I understand you will give me a link to an article that explains the time frames that can be expected. I have read it and do not wish for that to be the answer here. Do you have plans to update your check deposit feature to be faster anytime soon? I need to know this, as I am going to remove the option to pay by check from my clients, and I'd prefer for it to be temporary. 

Thank you!

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Message 24 of 27
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in todays advanced technology SQUARE has no justification for the prolonged checking clearing time - not to mention I am one of many on here that is still waiting for checks to clear EVEN after waiting 7-business days.  absolutely disappointed 

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Message 25 of 27
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Recently funds from

checks deposited had been showing up immediately, like card payments do, but a check I deposited over the long weekend is stuck in pending. I’ve never had a check returned, and it’s a check from a repeat customer whose previous checks (for larger amounts!) were never pended. Very frustrating and dumb. 

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Message 26 of 27
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Square in my opinion has a very poor check clearing system - in todays advance technology there is no reason for any business - specially small businesses wait a long period of time to have checks cleared.  I have waited 7-business days so far - with the promise that my check would be cleared by today - and yet here we are.  Check still pending.  Absolutely disappointed. 

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