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Transfer Options with Square

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Once you have accepted payments with the Square Point of Sale app, you can start receiving your transfers. We won’t hold funds based on the amount, frequency or type of transaction.

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 transfer schedule.

  • Transfers follow a 5 PM to 5 PM schedule, with transfers sent out at 8 PM and arriving as soon as next business day.

  • Transfers are not initiated on Saturdays or Sundays.

  • Bank holidays may affect transfer timelines.

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

Note: Transfers 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 transfer will be for €250,000, with the remaining balance of payments delivered in a second transfer on the next business day.

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