With Square’s standard deposit schedule, deposits are initiated Monday - Thursday evening for payments taken Monday - Thursday and will arrive in your linked bank account in one to two business days. Payments taken on Friday will be sent Sunday night and will arrive in your bank account on Monday (or Tuesday if Monday is a bank holiday).
After you activate a Square Point of Sale account and link a bank account, deposits are automatically sent per our Next Business Day schedule. Square will group and send payments based on the time you choose to end your day. By default, your close of day is 5 p.m. PT/8 p.m. ET, but you can customize your close of day if your business stays open later.
With our Next Business Day schedule and default cutoff times:
- Payments taken before 5 p.m. PT/8 p.m. ET will be available in your bank account the next business day. Payments accepted on Friday before 5 p.m PT will post to your bank account by Monday morning (depending on your bank’s processing speeds).
- Payments taken after 5 p.m. PT/8 p.m. ET will be available in your bank account by the second business day.
- Deposits are not sent on Saturdays.
With our Next Business Day schedule and a customized close of day:
- If you choose a close of day time after 5 p.m. PT/8 p.m. ET (or your time zone’s equivalent), your deposit will be delayed one business day and you should receive your deposit two business days later (weekends and holidays excluded).
The table below details standard deposit times.
Next Business Day Deposit Schedule
|Transaction Date||Deposit Initiated||Deposit Completed*|
|Sunday 5 p.m. PT to Monday 5 p.m. PT||Monday 8 p.m. PT||Tuesday morning|
|Monday 5 p.m. PT to Tuesday 5 p.m. PT||Tuesday 8 p.m. PT||Wednesday morning|
|Tuesday 5 p.m. PT to Wednesday 5 p.m. PT||Wednesday 8 p.m. PT||Thursday morning|
|Wednesday 5 p.m. PT to Thursday 5 p.m. PT||Thursday 8 p.m. PT||Friday morning|
|Thursday 5 p.m PT to Friday 5 p.m. PT||Sunday 8 p.m. PT||Monday morning|
|Friday 5 p.m. PT to Sunday 5 p.m. PT||Sunday 8 p.m. PT||Monday morning|
*Deposit times are approximate.
By default, we keep your Friday deposits in your balance over the weekend, so you can access your funds instantly if needed. Your funds will still arrive by Monday (or Tuesday, if Monday is a bank holiday).
If you’d like your Friday deposit to be sent out Friday night, you can disable Weekend Balance by doing the following:
- Navigate to your Friday deposit settings in your online Square Dashboard.
- Toggle Weekend Balance off.
- Click Save.