Are you wondering if you can change your payout schedule from Square to your bank account? You can!

With Square, you can choose when to receive your funds. We offer a couple of options – our standard transfer schedule, a custom transfer schedule (tailored by you to your business hours), or transferring your funds to your Square Card.

Square doesn’t have transfer limits with our standard or custom schedules. Square won’t hold funds based on the amount, frequency, or type of transaction.

If you’re having trouble locating a transfer, review these transfer schedule tips.

Standard next-business-day transfer

When you activate your Square Point of Sale account, link a bank account, and begin accepting card payments, we’ll transfer funds according to our standard schedule. All Square merchants start with their standard transfer schedule.

With this schedule, funds are usually transferred within 36 hours or 1-2 business days of a transaction. Learn more about our standard transfer schedule and review daily transfer times. With Square’s standard transfer schedule, transfers 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).

Custom Close of Day Time

If your business has unique hours, you can customize the time you’d like transactions grouped for daily transfer. This is called your close of day time.

Setting a close of day time ensures you’ll receive a single transfer for a full day’s payment activity – making bookkeeping a breeze. Read more about customizing your close of day time.

Instant transfers

The quickest way to get your money is to take advantage of Square’s instant transfers.

Sometimes you need your money immediately – that’s when instant transfer can help. If available on your account, you can instantly send funds to your linked bank account using a debit card 24 hours a day, 7 days a week, for a 1.5% fee per transfer.

While instant transfers are easy to send to your bank account you will need a few things before you can get started:

  • Link a bank account and a supported U.S.-issued Visa or MasterCard debit card to your Square account.

  • Make sure you have at least $25, after processing fees, in your Square Balance.

Once you’ve set your account up for instant transfers, you can start receiving your money immediately.

Read more information on how to send your first instant transfer.

Note: Some new sellers start with a limit of one instant transfer per day of up to $500 or one same-day transfer of up to $10,000. As you run and grow your business with Square, a higher daily transfer amount may become available.

Same-day transfer

Same-day transfer has the speed of instant transfers, without the hassle. If you routinely need your funds faster than one to two business days, same-day transfers may be available to automatically transfer your funds at your close of day. Using a debit card, funds are sent to your linked bank account for a 1.5% fee per transfer.

Your funds will routinely be sent to your linked debit card 15 minutes after your close of day, every day.

To use same-day transfer, you must have a minimum balance of $1 after Square’s fees. You can send payments as large as $10,000. If your daily balance exceeds $10,000, you’ll receive multiple transfers from Square. There is one exception: Individual payments greater than $10,000 won’t be sent via same-day transfer or instant transfer. When this occurs, these payments will be sent via next business day transfer and will be available within one to two business days to your linked bank account.

Because same-day transfer works just like instant transfers, any funds which do not qualify will be sent on our next day transfer schedule.

Note: Some new sellers start with a limit of one instant transfer per day of up to $500 orone same-day transfer of up to $10,000. As you run and grow your business with Square, a higher daily transfer amount may become available.

Learn more about setting up your first same-day transfer.

Manual transfer

By default, your funds will be transferred to your bank account every night, from Sunday to Thursday.

Instead of automatic transfers, you can enable manual transfers to choose when to transfer your money. Your funds will be available in your Square balance, and you can decide when to transfer them to your linked bank account. Your funds will then arrive in your bank account the next business day—at no extra cost.

Keep in mind any transfer requests received after 8.30pm PST will be sent to your bank the following business day.

You are able to pause automatic nightly transfers and change to manual transfers, directly from your online Square Dashboard, or from the Square app.

  1. Navigate to Settings in your online Square Dashboard or Square Point of Sale app.

  2. Select Balance.

  3. Under Transfer Schedule > select Manual.

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