automatic transfers to bank

Hi, I opted for the automatic transfers to my bank and wasn't sure if there is a charge for this.  Do you know if square charges a fee for same day automatic deposits? 

612 Views
Message 1 of 2
Report
1 REPLY 1
Square Champion

Hi @JMR247.  Here is a link to the Square Help Document on Same-Day Transfers.  I’d recommend reading it thoroughly because it has lots of useful information.  But, to answer your specific question, same day transfers cost 1.75% of the amount transferred each day.  This effectively means that instead of your processing fees for each transaction being 2.6% they will be 4.35% for each transaction, FYI.

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!
583 Views
Message 2 of 2
Report