System updates

We’re experiencing issues that may affect your Square services. We’ll continue to update our status page with more information.

Home>Manage Bank Account Settings

Link and Edit Your Bank Account

Link your bank account from your online Square Dashboard or the Square app to have your money transferred instantly, on the same day, or within one to two business days.

Overview

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

Once you link your bank account, you can start receiving your funds on any one of our transfer schedules. If you already have an account linked, you can change it at any time — so you can receive your funds where you need them.

There are a few things to keep in mind before you get started:

  • You will need to link a United States bank account to process payments using a U.S. Square Account.

  • Square requires a transactional bank account (an account that allows for both transfers and withdrawals) to support refunds or chargebacks. This means prepaid cards or online-only accounts (such as PayPal) aren’t supported at this time.

  • You will need your full routing and bank account numbers to link your bank account.

  • To verify your bank account, Square will transfer and withdraw a small amount. Sometimes this transfer and withdrawal may process simultaneously, so you’ll need at least $1.00 in your bank account before you begin the verification process.

Link and Edit Your Bank Account

Before you receive your first transfer from Square, you will need to add a verified bank account to your Square account. You can start the verification process right from your Square Dashboard or Square App.

Link or edit your bank account online

  1. Go to Account & Settings > Bank Accounts > Add Bank Account in your online Square Dashboard. If you are changing your bank account, select Change Bank Account.

  2. Enter the requested bank account information. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information.Routing # and account # on a check

  3. Click Verify.

Note: If you are changing your bank account, you will need to enter your Square account password and check your email for a confirmation from Square. Click the link within 24 hours to confirm the bank account change. If you don’t click the link in the email to verify you intended to add or change your bank account, the update won’t save and you’ll need to enter your information again.

Link your bank account from the Square App

  1. Open the menu, and tap Settings > Account > Bank Account > Add Bank Account.

  2. Enter the requested bank account information. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information.

  3. Click Continue.

Try these steps if you're having trouble linking your bank account.

Edit your bank account from the Square App

  1. Open the menu, and tap Settings > Account > Bank Account.

  2. Tap Change Bank Account.

  3. Enter your Square account password, and select Continue.

  4. Now you can enter your new bank account information. Then, tap Continue.

  5. Tap Done.

Check your email for a confirmation from Square, and make sure to click the link within 24 hours to confirm the bank account change.

The entire verification process can take up to 4 business days (excluding weekends and holidays). Square isn’t able to expedite the process.

Note: Until your new bank account is verified, we’ll continue to send transfers to your currently linked account. If you’d like to unlink your current bank account, contact us. This will allow your transfers to remain in your Square balance until your new account is verified.

If you’re using instant transfers or same-day transfers, make sure you update your linked bank account in your transfer settings to prevent funds from being sent to a previous account.

Receive Transfers from Square POS into Cash App

If you have a Cash App account, you can receive transfers from your Square POS account into your Cash App. You can do this using your Cash App account and routing number.

Note: This option is available for standard transfers only (not instant transfers) and can take up to four business days (excluding weekends and holidays). Square isn’t able to expedite this process.

Learn more about: Square

Can't find what you need?