My Square account was linked & approved by bank. But last weeks money is not there

I relinked my bank acc. to Square but I’m missing deposits?

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Square Champion

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Hey @Stylist.  You didn’t give us a lot of information about this, so I’m having to make a few guesses which I hope are correct.

 

Most likely, all funds were held in your Square Balance account until your bank account had been approved and verified.  My guess is that you’ll now need to manually transfer your accumulated funds from Square to your bank.  You should ONLY have to do this one time — now — after which automatic deposits/transfers should start as long as you have set up your automatic deposit schedule.

 

So, check your Square Balance.  It should have money in it.  If it does, then start a regular transfer and the funds will be in your bank early next week.  Of course, you CAN do an immediate transfer if you have linked your debit card to Square. But keep in mind that will cost you a small percentage of your funds in extra fees.  Automatic transfers are more expensive.

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!

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Solution

All is correct now!

Thank you, very helpful! 

View Solution >

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Square Champion

Solution

Hey @Stylist.  You didn’t give us a lot of information about this, so I’m having to make a few guesses which I hope are correct.

 

Most likely, all funds were held in your Square Balance account until your bank account had been approved and verified.  My guess is that you’ll now need to manually transfer your accumulated funds from Square to your bank.  You should ONLY have to do this one time — now — after which automatic deposits/transfers should start as long as you have set up your automatic deposit schedule.

 

So, check your Square Balance.  It should have money in it.  If it does, then start a regular transfer and the funds will be in your bank early next week.  Of course, you CAN do an immediate transfer if you have linked your debit card to Square. But keep in mind that will cost you a small percentage of your funds in extra fees.  Automatic transfers are more expensive.

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!
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Solution

All is correct now!

Thank you, very helpful! 

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