Deposit Options with Square

With Square, you can choose when to receive your funds. We offer two different deposit schedule options – our standard schedule and a custom schedule (tailored by you to your business hours). 

Square doesn’t have deposit limits with our standard or custom schedules. We won’t hold funds based on the amount, frequency or type of transaction. 

Standard Deposit Schedule Overview

When you activate your Square account, link a bank account and begin accepting card payments, we’ll deposit funds according to our standard schedule.

With this schedule, funds accepted before midnight Melbourne time will be sent to your bank account by the next business day at 1 PM. Learn more about our standard deposit schedule and review daily deposit times.

Custom Schedule Overview

If your business has unique hours, you can customise the time you’d like transactions grouped for daily deposit. This is called your close of day time. 

By setting a close of day time, you’ll receive a single deposit for a full day’s payment activity – making bookkeeping a breeze. Read more about customising your close of day.