Can I use the same square app and deposit money in 2 different accounts for two different businesses

[GER78cRS]

My business has changed ownership structure and will be depositing funds in a new bank account as of August 1. I still need to keep the existing account open for a while to collect receivables on the present company. Can I do this and how. 

[Kassi_]

Hey there, @GER78cRS - 

Thank you for reaching out in the Community! You can only have one bank account linked to your Square account at a time. 

Whenever you mentioned you need the other account open for receivables - do you need it for those through Square or outside of Square? 

I will keep an eye out for your reply👀. 

[GER78cRS]

I only need the old account open until the receivables from pre Aug 1 ownership structure are collected. We run on a 14 days payment schedule so would need to keep it open for 60 days or until Oct 1 I  expect. Maybe I can just change the account number and the name on the present square on Aug 1 and would the receivables end up where they need to anyway. I guess if I checked my on line banking I could fiqure out when all the old business was completed.    

[Kassi_]

@GER78cRS

You can keep the Square account open as long as you need to. Whenever you're ready to change the banking information, you have the ability to change it through the Accounts & Settings tab on your account. 

The only thing you won't be able to change is the Account Owner's name on the account. That will continue to be whomever opened the account.