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Locate Transfers

Payments accepted with Square are sent directly to your linked bank account based on Square’s transfer schedule. If you can’t find a transfer, review the information below to make sure you’ve ruled out common issues:

Review your Transfer Schedule

  • Check Square’s transfer schedule cutoff times.

    • If payments were accepted after midnight or your customised close of day, those payments will be sent in your next transfer.

  • Transfers aren’t sent on weekends.

    • Payments accepted on Saturday or Sunday are sent to your linked bank account by 1:00 PM on Monday. It is then up to your bank to release the funds into your linked bank account.

  • Most banks are closed on weekends and public holidays.

    • Transfers sent by Square are usually delayed during these times.

  • You may see your funds transferred in more than one instalment. 

View Transfer Details

From the Online Square Dashboard

  1. From your online Square Dashboard, click Balance > View all transfers.

  2. Use the date-selector tool to refine the date range of your transfer search. Note: Click the middle of the date-selector tool to see a full calendar view.

  3. Click on any transfer in the list to view card transaction details, including the individual card payments included in the transfer.

From the Square Point of Sale app

  1. Tap the three horizontal lines on the Square app or the down arrow at the top of Square Register.

  2. Tap Balance.

  3. Tap View all activity.

Transfers Glossary

Transfer Periods

Square batches your sales into 24 hour transfer periods. A transfer period begins after your previous Close of Day time. For example, if your Monday Close of Day is set to 5:00 PM, your Tuesday transfer period would begin at 5:01 PM on Monday and end at 5:00 PM on Tuesday.

Current Balance

Your Current Balance is Active Sales plus all pending transfers — all your sales that Square hasn’t yet sent to your bank account.

Active Sales

Your Active Sales are your current day’s sales. At your Close of Day, these sales become a pending transfer.

Pending Transfer

Your Pending Transfer is a completed transfer period that Square will send to your bank account.

Sent transfers

Your Sent transfers are funds that Square has sent to your linked bank account. The time it takes your bank to process and post your transfers can vary, but this is typically done by the next business day. Your transfer is labeled with a timestamp to let you know when Square sent it to your bank account — this timestamp does not indicate your bank has posted the funds.

Next-business-day transfers

Payments taken before 5:00 PM AEST will be available in your bank account the next business day. Payments taken after 5:00 PM AEST will be available in your bank account by the second business day. If you set your Close of Day after 5:00 PM AEST, sales for your entire day will be available the second business day.

Find more information on processing payments with Square.

Check your Payments

Check your Square Account

  • Check your emails or notifications to see if the Account Services Team have reached out for more information regarding your Square Account. Learn more about Suspended Transfers FAQ.

  • If you have multiple Square accounts or locations, make sure your device was signed into the active Square account or location associated with the linked bank account. The ability to transfer funds between Square accounts or locations is not available. You can opt to transfer funds outside of Square or issue a refund and sign into the correct Square account or location to process the payment again. You’ll need the original payment card or details from your customer.

  • Check your location status. If you were accepting payments on a deactivated location, you will need to reactivate that location, wait for the transfers to clear, and then deactivate it again. Ensure you're logged into the correct location before continuing to accept payments on your point of sale devices.

Check your Bank Account

  • Check that your bank account is verified. If you take payments before linking your bank account, money will remain in your account balance until your bank is verified.

  • Check if a transfer is pending. Pending transfers will complete and should arrive on the next business day.

  • Transfers from Square sent to your linked bank account can be identified by searching Square Inc in your bank statement.

  • Make sure your Square account isn’t linked to a closed bank account. If the transfers are sent to a closed bank account, please contact Square Support.

If you are still having trouble locating your transfers, check your email to see if you’ve been contacted by Square. If you have, reply to that email. You’ll also want to double check your spam or junk folder as some email filters may automatically sort out Square’s emails.

Learn more about: Square

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