Link your bank account from your Dashboard or the Square app to have your money deposited within 1-2 business days. 

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 one. 

Add Your Bank Account

Square requires a transactional bank account (an account that allows for both deposits and withdrawals) to support refunds or chargebacks. Prepaid cards or online-only accounts (such as PayPal) aren’t supported. 

Before your bank account is verified, you can accept payments. Any money accepted will remain in your Square balance until your account has been linked and verified.

You’ll need to have your account and routing number 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, the routing number, and account number.  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

Note: Credit Unions often use an electronic account number for deposits from Square (ACH transactions), which can be different than the account number on your checks. Confirm that you’re using the correct account number to link your bank account to Square.
3. Click Verify.

Add Your Bank Account from the Square App

  1. Tap: Three Horizontal Lines
  2. Tap SettingsLink Bank Account. Enter the following information: the account holder’s name, the routing number, and account number (usually listed at the bottom of your checks).
  3. Click Continue

Check Your Bank Verification Status

After you’ve entered your bank information, Square will deposit and withdraw ¢.49 cents from your account. This is how Square verifies your account is transactional and can support refunds. This is not a charge.

Automatic verification of your bank account

How long will it take to verify my bank account?

The entire verification process can take up to 5 business 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 Account. You’ll also receive an email from Square when your account is verified.

With no additional action needed on your part, your deposits will be sent to your bank account following your deposit schedule

What do I do if my bank verification is pending?

If your bank verification is pending, wait the full 5 business days. You’ll receive an email when your account has successfully been verified. While you’re waiting for your verification to complete, you can continue to take payments. Your money will remain in your Square balance and will be sent once your account is verified. 

Edit Your Bank Account

You can edit your linked bank account from your online Square Dashboard or from the Square app. Before you begin, make sure you have the following:

  • The account and routing number of your new bank account
  • Your Square account password

Note:  To stop deposits 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 for a confirmation from Square. Click the link within 24 hours to confirm the bank account change.

Edit Your Bank Account from the Square App 

  1. Tap: Three Horizontal Lines
  2. Tap Help > Change bank account
  3. You’ll be directed to your online Square Dashboard > sign in to continue.
  4. Select the business location you’d like to update > tap the three horizontal lines. 
  5. Tap Account & Settings > Business > Bank Accounts.
  6. Enter your new bank account information > tap Verify Account
  7. Enter your Square account password.
  8. Check your email for a confirmation from Square. Click the link within 24 hours to confirm the bank account change.

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. 

I Can’t Link My Bank Account

If your bank account verification was unsuccessful, you’ll see an alert in your online Dashboard. There are a few scenarios that can cause this:

Non-transactional Bank Account

Square doesn’t support non-transactional bank accounts – they don’t allow money to be debited. Square must be able to credit and debit money from your account, in the event of a chargeback or refund.

Bank Account Typo

Typos in your routing or account number can cause bank verification to fail. Double check your account information and carefully re-enter it. You may need to contact your bank to confirm your routing and account numbers. 

Insufficient Funds

To verify your bank account, Square will deposit and withdraw ¢.49 cents. Sometimes this deposit and withdrawal may process simultaneously, so you’ll need at least $1.00 in your bank account before you begin the verification process. If your verification has failed due to insufficient funds, make sure you have at least $1.00 in your account and re-enter your account information.

ACH Number/Origin ID

Some banks may request Square’s ACH number or origin IDs to link your bank account to Square. If your bank asks for this information, provide them with the following:

  • 9424300002
  • 9424318002
  • 5800429876
  • WFMSQUARE1

Bank Verification Canceled

If you click Cancel Verification after entering your bank account information, the verification process will be canceled. To restart the verification process, you’ll need to re-enter your bank account information. 

Multiple Bank Accounts

Only one bank account can be linked to a single Square account location. If you’d like to have money sent to multiple bank accounts, set up multiple locations, each with its own assigned bank account. 

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