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?
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.
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