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What happens to my money if my bank account is closed and my new one is still pending verification?
Hi all , I have an event on Friday . I was told to purchase a square and that I can accept payments right away . Which I can however my account is verified yet they say Thursday . Now I'm getting paranoid ! If I was to sell all my product and for instance I put in a wrong digit into my account what happens ? Will square allow me to try again or will they simply give it back to the customer ! Yikes Tia
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Your funds will be held until you get your bank info straightened out.
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Hello @Bowey16, @VanKalkerFarms is right. We will hold your funds in your Square balance until your bank account links.
Although if you miss-entered a digit on your account number I recommend giving our Support Team a call. They can cancel your verification over the phone and you'll be able to enter the correct number.
It's rare, but being 1 digit off on your account number could cause a strangers bank account to be linked.
Please let me know if you have any other questions!
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