Next Business Day Deposit
Learn More about the default Next Business Day schedule at https://squareup.com/pos/deposits Get paid in as little as one to two business days with the Next Business Day Deposit option. See how easy it is to set up Next Business Day deposit for your business and get paid faster. Transcription: After you activate your Square account and link a bank account, deposits are automatically sent per our standard Next Business Day schedule. Funds are sent automatically the evenings before weekdays (that’s Sunday through Thursday) and will arrive in your linked bank account in one to two business days. By default, your close of day is 5 p.m. Pacific time. Any payments after 5 will come the following day. You can customize your close of day if your business stays open later and you want to bundle all the day’s payments (including those after 5) into a single deposit. To do so: Sign in to your online Square Dashboard, click Account & Settings, and then Deposits. Under Deposit Schedule, click a day of the week from the table. Select a Close of Day time. It’s recommended that you set your close of day one hour after your actual closing time to provide a window for last-minute sales. Confirm your Deposit Type. You can also apply these settings to every day of the week, and click Save. The big question is how Deposit Type and Close of Day will affect when you get your money. If you haven't changed your close of day from the default 5 p.m. Pacific time, payments taken before 5 will be available in your bank account the next business day. Payments taken after 5 will be available in your bank account by the second business day. And payments accepted after 5 on Thursday will post to your bank account Monday morning (depending on your bank’s processing speeds). Because banks only accept deposits on weekdays, we only send deposits the evenings before weekdays Sunday through Thursday. With our Next Business Day schedule and a customized close of day. If you choose a close of day time before 5 p.m Pacific time/ 8 p.m. Eastern time, your day’s sales will still be available in your bank account the next business day. If you choose a close of day time after 5 p.m Pacific time/ 8 p.m. Eastern time, your deposit will be delayed one business day and you should receive your deposit two business days later (weekends and holidays excluded). If you need to get your money sooner, for 1% of the deposit amount, you can use Instant Deposit.
Learn More about the default Next Business Day schedule at https://squareup.com/pos/deposits Get paid in as little as one to two business days with the Next Business Day Deposit option. See how easy it is to set up Next Business Day deposit for your business and get paid faster. Transcription: After you activate your Square account and link a bank account, deposits are automatically sent per our standard Next Business Day schedule. Funds are sent automatically the evenings before weekdays (that’s Sunday through Thursday) and will arrive in your linked bank account in one to two business days. By default, your close of day is 5 p.m. Pacific time. Any payments after 5 will come the following day. You can customize your close of day if your business stays open later and you want to bundle all the day’s payments (including those after 5) into a single deposit. To do so: Sign in to your online Square Dashboard, click Account & Settings, and then Deposits. Under Deposit Schedule, click a day of the week from the table. Select a Close of Day time. It’s recommended that you set your close of day one hour after your actual closing time to provide a window for last-minute sales. Confirm your Deposit Type. You can also apply these settings to every day of the week, and click Save. The big question is how Deposit Type and Close of Day will affect when you get your money. If you haven't changed your close of day from the default 5 p.m. Pacific time, payments taken before 5 will be available in your bank account the next business day. Payments taken after 5 will be available in your bank account by the second business day. And payments accepted after 5 on Thursday will post to your bank account Monday morning (depending on your bank’s processing speeds). Because banks only accept deposits on weekdays, we only send deposits the evenings before weekdays Sunday through Thursday. With our Next Business Day schedule and a customized close of day. If you choose a close of day time before 5 p.m Pacific time/ 8 p.m. Eastern time, your day’s sales will still be available in your bank account the next business day. If you choose a close of day time after 5 p.m Pacific time/ 8 p.m. Eastern time, your deposit will be delayed one business day and you should receive your deposit two business days later (weekends and holidays excluded). If you need to get your money sooner, for 1% of the deposit amount, you can use Instant Deposit.