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Home>Bank Accounts & Transfers

Link and Edit Your Bank Account

Link your bank account from your online Square Dashboard to have your funds sent as soon as the next working day.

If you have a multiple-location business, each location can share a single bank account or you can link a unique bank account to each location.

Add Your Bank Account

Square requires a transactional bank account (an account that allows for both transfers and withdrawals) to support refunds and chargebacks. Your bank account must be euro denominated with an IBAN from a SEPA-participating country. Prepaid cards or online-only accounts (such as PayPal) aren’t supported.

Please note that your Square account will not be activated to accept payments until your bank account is fully verified.

You’ll need to have your IBAN handy to get started.

Add Your Bank Account Online

  1. Sign in to Account & Settings > Bank Accounts.

  2. Enter the following information: the account holder’s name and IBAN. You can contact your bank to confirm this information.

  3. Click Continue.

  4. Verify the details, and click Submit to authorise the verification of your bank account.

How long will it take to verify my bank account?

Once you’ve entered your bank information, Square will verify that your have a transactional bank account. The entire verification process can take up to 4 working days (excluding weekends and holidays). Square isn’t able to expedite the process.

How do I check the status of my bank verification?

To check your status, visit Account & Settings in your online Square Dashboard and click Bank Accounts. You’ll also receive an email from Square when your account is verified.

Once your bank account is verified your funds will be sent to your bank account following Square’s transfer schedule.

What do I do if my bank verification is pending?

If your bank verification is pending, wait the full 4 working days, no action is required from your side. You’ll receive an email when your account has successfully been verified.

Edit Your Bank Account

You can edit your linked bank account from your online Square Dashboard. Before you begin, make sure you have the IBAN for your new bank account.

Note: To stop transfers to your current bank account while you update to a new account, contact us for help.

Edit Your Bank Account Online

  1. Sign in to Account & Settings > Bank Accounts.

  2. Click Change Bank Account.

  3. Enter your new bank account information and click Verify Account.

  4. Enter your Square account password.

  5. Check your email—you will receive an email from Square asking you to confirm your bank account change. Click the link in the email within 24 hours to confirm the bank account change. If you do not confirm your bank account change within 24 hours, you will need to re-add your new bank information from the online Square Dashboard to restart the verification process.

Confirm Your Bank Account Change

When you change your bank account, Square will send a confirmation email to the address associated with your Square account. To start the verification process, click the link in the email within 24 hours. If you don’t see this email, check your spam folder or email filters.

If you don’t click the link within 24 hours, your bank verification will expire and you’ll need to re-enter your information.

Learn what to do if you are having trouble linking your bank account.