Direct Debit

[Desley]

In setting up my bank account with Square it direct debits and then refunds .01cent within my account. 

Is this the only time direct debits are used with my bank account? 

I need to know if there are any other instances they may occur as my bank charges me a transaction fee for direct debits out of this particular account which would mean I need to investigate a different bank account option if this is the case. 

[Seamus · Accepted solution]

Hey @Desley,

Thanks for getting in touch.

Debits are also used if you process a refund and don't have enough within the Square account to cover the refund, or in the event of a chargeback / disputed transaction that has already been deposited to you. Read more about protecting yourself from Chargebacks here.

[Desley]

Thanks for your speedy reply and help Seamus.  Now I know what to expect and can talk to my bank about it.

[Seamus]

No worries @Desley!