What happens to my money if my bank account is clo...

Bowey16 · ‎10-15-2017

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

VanKalkerFarms · ‎10-15-2017

Your funds will be held until you get your bank info straightened out.

Bob Van Kalker
My Van Kalker Farms Garden Center website
My Rise'n Roll Bakery Schererville Indiana Facebook Page
My Rise'n Roll Bakery Cedar Lake Facebook Page

Chad · ‎10-17-2017

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!

What happens to my money if my bank account is closed and my new one is still pending verification?