Anz bank deposits

[Hollyjoy6]

Hey guys I currently bank with westpac and my square deposits come in the same day. However I’m wanting to open a ANZ business account and I’m just wondering if anyone else has one and knows if their deposits come in the same day or a few days later. Thankyou 

[Seamus]

@Hollyjoy6,

Thanks for getting in touch. By default Square sends funds to all bank accounts on a next business day basis (usually between 11:30am and 1pm).

Most of the time funds should hit your bank account on the same say - usually in the afternooon or evening, but dending on an individual bank's processing time, sometimes this may be the next day. Based anecdotal evidence, the bigger banks tend to be a bit quicker than the smaller credit unions.

Hopefully someone who uses Square and banks with ANZ may have more to add here!