Staying on top of your cash flow can be challenging. You have to maintain inventory levels and pay your vendors, so the ability to access your money at a moment’s notice can make a big difference for your business.
At Square, we’re always working to make the day-to-day operation of your business easier, and in 2022 we’ve made it faster than ever for you to access the money you earn from sales – it now takes just minutes with instant transfers.
Sellers across Australia can now access their funds via instant transfers. Simply tap the transfer in your Square App and your sales proceeds will be sent straight to your chosen bank account – any time of day, any day of the week. Even on public holidays!
Each transfer costs just 1.5% of the transfer amount. If you’re a new seller, your daily transfer limit will be up to $500, but after you’ve been with Square for a while you can transfer up to $5,000 a day. Learn more about instant transfers on our help page.
Enable instant transfers anytime – just head to Balance in your Square App and select Instantly transfer. That’s it! Your sales balance will transfer to your bank account instantly, subject to your bank’s schedule.
Learn more about Square’s transfer options.
Instant transfers require a linked, eligible bank account and cost a fee per transfer. The minimum you can transfer is $5. Funds are subject to your bank’s availability schedule.
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