Click the link within 24 hours to confirm the bank account change. If you are changing your bank account, you will need to enter your Square account password and check your email for a confirmation from Square. Note: You can only have one linked bank account per location at this time. If you do not see the bank account you want to link, select Add external bank account and complete the bank verification process. Under All locations, click the linked bank account next to the location in question.įrom the drop-down menu, select the verified bank account you want to add to that location.
To do so:įrom Account & Settings in your online Square Dashboard, click Bank Accounts. Once you have verified multiple external bank accounts to your Square account, you can change the linked bank account for each of your locations. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information. If you are changing your bank account, select Change Bank Account.Įnter the requested bank account information. Go to Account & Settings > Business information > Bank Accounts > Add Bank Account in your online Square Dashboard. You can start the verification process right from your Square Dashboard or Square App. Sometimes this transfer and withdrawal may process simultaneously, so you’ll need at least $1.00 in your bank account before you begin the verification process.īefore you receive your first transfer from Square, you will need to add a verified bank account to your Square account. To verify your bank account, Square will transfer and withdraw a small amount.
You will need your full routing and bank account numbers to link your bank account. This means prepaid cards or online-only accounts (such as PayPal) aren’t supported at this time. Square requires a transactional bank account (an account that allows for both transfers and withdrawals) to support refunds or chargebacks. You will need to link a United States bank account to process payments using a U.S.
There are a few things to keep in mind before you get started: If you already have an account linked, you can change it at any time - so you can receive your funds where you need them. Once you link your bank account, you can start receiving your funds on any one of our transfer schedules. Keep in mind that you can only link one bank account per location at this time. You can also link multiple bank accounts to your Square account to disburse your payments balance and more easily switch bank accounts between your locations. If you have a business with multiple locations, each location can share a single bank account or you can link a unique bank account to each one.
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