Set Up and Manage Instant Transfers
For faster access to your money, initiate instant transfers from the Square Point of Sale app or from your online Square Dashboard. You can instantly send between $5.00 to $5,000 per day — 24 hours a day, seven days a week. There is no limit to the number of instant transfers you can initiate on a given day.
New Square sellers start with a maximum limit of $500 per day. A higher daily transfer amount may become available as you run and grow your business with Square.
Make sure you linked a valid bank account to your Square account.
Square Loans transfers cannot be sent using instant transfers. Once approved, funds will be transferred to your linked bank account in 1-2 business days.
Set Up Bank Account
Before using instant transfers, make sure your bank account is linked and verified by going to Transfer Settings > Instant Transfers in your online Square Dashboard. Instant transfer fees display under Instant Transfer in your online transfer summaries.
Link or edit your bank account
Send Instant Transfers
You can instantly transfer payments in an amount of up to $5,000 per day. New sellers will be limited to $500 per day. A higher daily transfer amount may become available as you run and grow your business with Square.
If you run into any issues with instant transfers, review these transfer troubleshooting steps.
Note: Square Loans transfers cannot be sent using instant transfers. Once approved, funds will be transferred to your linked bank account in 1-2 business days.
Instant Transfer Reports
See your entire transfer history, including instant transfers, by going to Banking > Balance > Transfer Reports from your online Square Dashboard. Click each transfer to see its details.
To review your transfer report in the Square Point of Sale app:
From the navigation menu, tap ≡ More.
Tap View all activity.
Find answers to commonly asked questions via our instant transfer FAQ.