Deposit Options with Square

Once you have accepted payments with the Square Point of Sale app, you can choose to receive your funds through one of our two deposit options. There are no deposit limits with our default, next day deposit schedule. We won’t hold funds based on the amount, frequency or type of transaction.

Deposit Options

Fast Deposits Faster Deposits
Next Working Day Deposit Instant Deposit
Speed of Deposits 1-2 working days Initiated instantly — arrives in 20 minutes or less
Deposits on weekends and holidays ❌ No ✅ Yes
Set it and forget it ✅ Default option ❌ Manual action required
Price Free 1% of deposit amount

Instant Deposits

The quickest way to get your money is to take advantage of Square’s Instant Deposits.

Sometimes you need your money immediately – that’s when Instant Deposit can help. If it’s available on your account, you can instantly send funds to your linked bank account 24 hours a day, 7 days week, for a fee of 1% of the deposit total. Using Instant Deposit, you can instantly send up to £500 per day to your bank account. The funds will arrive in your bank account within 20 minutes.

Before you get started, make sure you have at least £50, after processing fees, in your Square balance.

Learn more about sending an instant deposit.

Note: New sellers may be restricted from using Instant Deposit until they have sufficient account history. As you run and grow your business with Square, Instant Deposit will become available.

Next Working Day

After you activate a Square account and [verify your bank account] (, funds are automatically sent to your linked account per Square’s standard deposit schedule.

  • Deposits are initiated at approximately 16:00, Monday through Friday.
  • For sales that are processed before midnight, deposits are initiated the following working day.
  • For sales that are made after midnight, deposits are initiated in two working days.
  • Deposits are not initiated on Saturdays or Sundays.
  • Bank holidays may affect deposit timelines.
  • Deposit cutoff and initiation times will adjust accordingly with British Summer Time.

You’ll receive an email notification when your deposit is initiated by Square. While some banks post deposits immediately, others may take longer. You can visit Deposits in your online Square Dashboard to confirm when Square initiated a deposit to your linked bank account.

The table below details standard deposit times.

Next Working Day Deposit Schedule

Transaction Date Deposit Initiated*
Monday Tuesday at 16:00
Tuesday Wednesday at 16:00
Wednesday Thursday at 16:00
Thursday Friday at 16:00
Friday through Sunday Monday at 16:00

Note: Deposit times are approximate.

You can also customise your close of day schedule.

Note: For Square’s standard Next Working Day deposits, deposits to your bank account are capped at £250,000 per day. If you accept over £250,000 in card payments in a single day, your next deposit will be for £250,000, with the remaining balance of payments delivered in a second deposit on the next working day.