Solved: How Fast can funds for large purchases be deposite...

THSTUDIO · ‎11-04-2018

How Fast can funds for large purchases be deposited by Square into bank account on record

PapasNC · ‎11-04-2018

Square has an Instant Deposit option. As long as your payment goes through, you can deposit that money instantly to your bank account.

From the time you collect the payment to the time its in YOUR bank account and ready for you to use.

No more than 5min.

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PapasNC · ‎11-04-2018

Square has an Instant Deposit option. As long as your payment goes through, you can deposit that money instantly to your bank account.

From the time you collect the payment to the time its in YOUR bank account and ready for you to use.

No more than 5min.

THSTUDIO · ‎11-04-2018

THANK YOU FOR THE FAST REPLY. THE ONLY RESTRICTIONS ARE THAT IF IT IS LARGER THAN $10K, it has to be done in installments (let's say if $20k, it would be in two installments)--then they might flag it for security reasons, plus there is a 1% extra fee on top of the 2.9% regular Square fee, as I understand it.

If you have any other suggestions how to do this, it is greatly appreciated.