Square Transfers

Get your money right when you need it

With instant transfers, you can access your money immediately for a small fee – or choose standard as soon as next-business day transfers free of charge.

Move your money your way

See all the ways you can transfer your money with Square.

Compare transfer options Speed Price
Instant Instantly on demand into your external bank account. 1% of amount
Standard As soon as the next business day into an external bank account. You can also customise your close-of-day schedule. Free
Manual Store a balance with Square and initiate transfers on demand. Free

Total control of your cash flow

Ready, set, transfer

Transfer funds to your linked bank account as soon as the next business day with standard transfers. Need your money faster? Transfer instantly for a 1% fee.

Keep an eye on your money

Send and track your money the way you want – from customised close-of-day transfers to detailed activity and sales reports.

Transfer your way

Pick the transfer speed that suits your business – whether you need your money immediately, the next working day, or on a custom close-of-day schedule.


“Instant transfers ensures we are able to place any last-minute orders and purchase what we need, when we need it, without worrying about not having enough in the bank.”

Ruby Winter and Jake Johari

Co-owners of The Street Easy, London

All your questions, answered in one place

  • What is an instant bank transfer?

    An instant bank transfer is the movement of money from one account to another in a flash. You can expect instant transfers to become available in your account in minutes (or even seconds).

  • What are the benefits of instant bank transfers?

    Instant bank transfers are a great way to get money from sales into your linked bank account as soon as you make a sale. This will help you manage cash flow for your business by giving you access to cash when you need it.

  • How do I send an instant transfer with Square?

    Making an instant transfer is as easy as 1-2-3.

    1. Go to Balance in your Square App.
    2. Select “Transfer Instantly.”
    3. That’s it!
  • Are there any transfer limits?

    Instant transfers require a minimum balance of £15 after Square’s processing and transfer fees, and a maximum transfer size of £3,500. Funds that are not eligible for instant transfers will be sent to the bank account linked to your Square account in one to two business days.

    Note: New Square sellers start with a limit of up to £750 per day. As you run and grow your business with Square, a higher daily transfer amount may become available.

  • Do I need to be a Square seller to use Square instant transfers?

    Yes. When you take payments with Square, you get access to instant transfers. Simply make sales with Square and visit Balance in your Square app to move your money in moments to a linked bank account.