Bank account verification

Hey everyone, 

 

I'm trying to get my bank account verified. Square was able to charge a penny and refund the penny and still it fails with no other information. 

 

When choosing what type off account, I chose business checking, is that right? It's not savings and not regular checking is it for a business account?  

 

Also I made sure if the 5 digits etc and 7 for account number and all. I have a question regarding the account holder name. I am a sole proprietor and my business has a name. However, the bank tells me that my name is the account holder and SpaTech IT Services is an alias. Am I supposed to be putting my business name in the account name place vs my full name,  perhaps? 

Thanks. 

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Hi there, @techcarlin 👋 Welcome here to the Seller Community! Happy to have you join us.

 

Good questions, here. We can help provide some clarity. The details entered when adding a bank account through Square, such as the type of account or name associated with the account, is simply for regulatory and documentation purposes on our side. These details should not factor into whether or not your bank account verifies through Square.

 

Take a look at this helpful resource regarding Bank Verification. There are some troubleshooting insights to help the verification process if you are experiencing issues.

 

Keep us updated on your progress!

Joe
Community Moderator, Square
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