Limits on Savings Transfers to Deposit Method

The title of this thread has been edited by a Square Moderator from the original: "Square savings- First time transfer"

 

I am trying to transfer $ out of my square savings to my bank account. At the bottom of the confirmation page it says "Remaining Weekly Transfers" and a $ amount. Why is there an amount there? I just want to make a 1 time transfer, not every week. Anyone have any insight on this? Thanks.

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Hey there @Pamalupagus.  Like all transfers to bank accounts, Square has limits for the amount that we can transfer — sometimes a daily limit, sometimes a weekly limit.  That’s all this is.  If you do multiple transfers in a week, each is deducted from this limit and if you reach it your transfers for the remainder of that week will be denied.  That’s all.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

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Hey there @Pamalupagus.  Like all transfers to bank accounts, Square has limits for the amount that we can transfer — sometimes a daily limit, sometimes a weekly limit.  That’s all this is.  If you do multiple transfers in a week, each is deducted from this limit and if you reach it your transfers for the remainder of that week will be denied.  That’s all.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!
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Thanks so much!

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