Edit your Square Payroll payment schedule
About Square Payroll payment schedule
Square Payroll offers four pay period schedules: monthly, weekly, semi-monthly (2 pay periods per month), and bi-weekly (every two weeks). Pay dates vary depending on how you run payroll.
Traditional bank account: Employee pay day is five business days after the end of the pay period. Employees who are paid by direct deposit will receive their pay on this date, provided payroll is processed on time.
Instant payments: Your team member’s pay date will be 5 business days after the end of your pay period. However, if using your Square balance to pay your team, you can wait until the business day before pay day to process payroll. If your team members have a traditional bank account linked, they will receive their pay by the next business day, or instantly if they use Cash App.
Instant deposits: Eligible team members that use Cash App can use the instant deposit feature to access their pay two calendar days before the original pay date. The Instant Deposit feature is available in all states except CA, MA, NJ, NM, NY, PA, VT, and WV. If your team members do not have Cash App, they can link a supported debit card and pay a fee of 1.75% of their net pay to access their funds early in a traditional bank account.
Manual check: Manual check employees can be paid as soon as you process payroll
Two-day payroll: With two-day payroll, you can submit payroll up to two business days from your team’s pay date or get your team paid up to two days early, depending on when you want to submit payroll for processing.
Before you begin
You can adjust your payment schedule from your Square Dashboard.
Direct deposits do not process on federal banking holidays. Pay dates through Square Payroll are only affected by federal banking holidays if you are paying contractors or using two-day payroll. If a holiday occurs on the pay date or between the day payroll is run and the pay date, submit the contractor payment or runs processed using two-day payroll one day early (except Saturday) to avoid pay delays.
If you are paying employees using four-day payroll or Instant Payments, your due dates for submitting payroll will not be impacted by holidays and there is no need to process payroll early. Your employees will be paid on their expected pay date or the pay date will be moved one business day earlier if the pay date itself is scheduled on a holiday.
Edit your pay schedule
Sign in to your Square Dashboard and select Staff & payroll > Payroll > Pay schedule.
Fill out your pay period details, such as pay frequency, day of the week, next pay date, and deadline to run payroll.
Select Save to view your updated pay period settings.