Question about Notice of funds withdrawn from your linked bank account

Before I refunded a customer, I had transferred all of my money from Square to my bank account. As a result, I got a notice in my email that the funds will be withdrawn from my bank account. Is there a penalty or charge when Square has to withdraw money from my bank account?

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Square Champion

Hi @aseef.  There is no extra fee or penalty for this, unless there aren’t enough funds in your bank account in which case your bank will charge you fees.  Square is required to let you know that if you don’t have sufficient amounts in your Square Checking for the refund, that per your agreement with them they can debit your bank account.  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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thank you!

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