Popular Articles
- Learn About Square Fees
- Set up two-step verification
- Accept payments with Tap to Pay on iPhone
- Get support at Square
- Manage your Form 1099-K
- Sign in to your Square account
Home>Manage Bank Account Settings
About linking your bank accountBefore you beginLink your bank accountEdit your bank accountRelated articles
Who is this article for?
About linking your bank account
Once you link your bank account, you can start receiving your funds on any one of our transfer schedules. If you already have an account linked, you can change it at any time.
You need to link a United States bank account to process payments using a U.S. Square account. If you have a business with multiple locations, each location can share a single bank account or you can link a unique bank account to each one. You can also link multiple bank accounts to your Square account to disburse your payments balance and more easily switch bank accounts between your locations.
Before you begin
There are two ways to link your bank account.
Plaid: We recommend using Plaid to instantly link your bank account. Plaid allows you to quickly and securely connect your bank account without the need for manual verification (while also preventing typos).
Manual verification: The manual verification process can take up to 4 business days (excluding weekends and holidays). If you choose to manually verify your bank account, Square transfers and withdraws a small verification amount. Sometimes this transfer and withdrawal may process simultaneously, so you’ll need at least $1 in your bank account before you start the verification process.
You can link and edit your bank account from your Square Dashboard or the Square Point of Sale app. Linking via Plaid is available on the Square Dashboard only. You can only link one bank account per location at this time.
Square requires a transactional bank account (an account that allows for both transfers and withdrawals) to support refunds or chargebacks. Prepaid cards or online-only accounts (such as PayPal) aren’t supported.
Link your bank account
You can link and edit your bank account from your Square Dashboard and from the Square app.
From Square Dashboard
- Sign in to your Square Dashboard and select Settings > Account & Settings > Business information > Bank Accounts.
- Select Add Bank Account.
- To link your bank account instantly via Plaid, click Continue. Select your bank and log in to your account to complete instant verification.
- To manually verify your bank account, select Link manually instead and provide the requested bank account information. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information.
- Select Verify.
If you have multiple locations and have verified multiple external bank accounts to your Square account, you can change the linked bank account for each of your locations. To do so:
- Sign in to your Square Dashboard and select Settings > Account & Settings > Business information > Bank Accounts.
- Under All locations, select the linked bank account next to the location in question.
- From the drop-down menu, select the verified bank account you want to add to that location. If you do not see the bank account you want to link, select Add external bank account and complete the bank verification process.
- Click Update linked account > Done.
From Square app
- Open the menu and tap Settings > Account > Bank Account.
Tap Link Bank Account or Change Bank Account. - Enter your Square account password, and select Continue.
- Enter your new bank account information and tap Continue > Done.
- Check your email for a confirmation from Square, and make sure to select the link within 24 hours to confirm the bank account change.
Edit your bank account
Sign in to your Square Dashboard and select Settings > Account & Settings > Business information > Bank Accounts.
Select Change Bank Account.
To link your bank account instantly via Plaid, select Continue. Select your bank and sign in to your account to complete instant verification.
To manually verify your bank account, select Link manually instead and provide the requested bank account information. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information.
Select Verify.
Related articles
Troubleshoot linking your bank account
Set up and edit transfer options
Troubleshoot missing transfers
In this article
- About linking your bank account
- Before you begin
- Link your bank account
- Edit your bank account
- Related articles
