Linking Your Bank Account with Square

You can link your bank account from your Dashboard
or the Square app to start receiving your funds on any one of our Deposit schedules. There are a few things to note
before you get started You will need to link a United States bank account to process payments using a U.S. Square Account. Square requires a transactional bank account (an account that allows for both deposits and withdrawals) to support refunds or chargebacks. Which means Prepaid cards or online-only accounts
(such as PayPal) aren’t supported at this time. You will need your full routing and bank account
number to link your bank account. With Square you can start taking payments
immediately. If you haven’t had a chance to link your
bank account, don’t worry we will keep your funds safe until you have the opportunity. If your business has multiple locations, each
location can share a single bank account or you can link a unique bank account to each one. To add an account through the Dashboard
Click Account & Settings, Bank Accounts, then Add Bank Account. Select the account type, enter
the account holder’s name, the routing number, and account number. You can find this information listed at the
bottom of your checks or displayed in an online banking dashboard. You can also contact your bank to confirm
this information. then, Click Verify. To add an account from the Square App,
Tap Menu. Tap Settings, then Link Bank Account. Enter the account holder’s name, the routing
number, and account number. To verify your bank account, Square will deposit
and withdraw one cent. Sometimes this deposit and withdrawal
may process simultaneously, so you’ll need at least $1.00 in your
bank account before linking it. The verification process can take up to 5
business days depending on the bank. You will receive an email from Square once
your account has been verified.