For faster access to your money, initiate an Instant Deposit from the Square app. You can instantly send up to £1000 per deposit 24 hours a day, 7 days per week. There is no limit to the number of instant deposits you can set up in a given day. Funds will arrive in your bank account within 20 minutes.

Note: Your minimum balance must be £50, after processing and deposit fees, in order to use Instant Deposit. The maximum amount you can deposit instantly per day is £1000.

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.

Instant Deposit Pricing

Each Instant Deposit costs 1% of the deposit amount in addition to Square’s standard card processing fees. Any balance not deposited instantly will be sent according to your next business day deposit schedule.

Note: The Instant Deposit cost is not reimbursed when you earn Free Processing.

Set Up Instant Deposit

Once you’ve activated Instant Deposit from the app, learn about sending instant deposits.

From the Square App

  1. Open the app and tap: Three Horizontal Lines
  2. Tap Settings > Deposits.
  3. Toggle Allow Instant Deposit on.

Note: Before you set up Instant Deposits, you need to have a bank account linked to your Square Account.

Send an Instant Deposit

Before using Instant Deposit, make sure your bank account is linked and verified. View Instant Deposit fees in the Deposits tab of your online deposit summaries.

Instantly initiate deposits in amounts of up to £1000 at one time. Your minimum balance must be £50, after processing and deposit fees, in order to use Instant Deposit. Funds will arrive in your bank account within 20 minutes.

From the Square app

  1. Tap: Three Horizontal Lines
  2. Tap Transactions > Instantly Deposit.

You can also send and track your Instant Deposits from your Deposits tab:

  1. Tap: Three Horizontal Lines
  2. Tap Deposits.
  3. Tap Instantly Deposit.

You’ll see an in-app deposit confirmation and receive a confirmation email.

From your Reports Tab

You can also send and track your Instant Deposits from your Reports tab:

  1. Tap: Three Horizontal Lines
  2. Tap Reports > Deposits.
  3. Tap Instantly Deposit.

From your Dashboard

  1. From your Home page, click Instantly deposit now > enter and save your debit card information.
  2. From Deposit Settings, click Add a debit card > enter and save your debit card information.

Square will send an email to the address associated with your account. Click the verification link in this email to confirm your debit card within 24 hours of receiving it. If you can’t find the email, check your spam or resend the email from Deposit Settings.

Note: Before you are able to set up Instant Deposits, you will need to have a bank account linked to your Square Account.

Instant Deposit Reports

See your entire deposit history, including Instant Deposits, in your online Square Dashboard by logging in to Deposits. Click each deposit to see its details.

To review your Deposit Report in the Square Point of Sale app:

  1. Tap: Three Horizontal Lines
  2. Tap Reports > Deposits.

Read Instant Deposit FAQs.