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Can you Instant Transfer a Capital loan?

Hello my loan approve can I get instant transfer

 

[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]

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Hi @Hassan1, you'll be happy to hear about the latest update: Instant Loan Deposits to Square Checking!

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Super Seller

I don't think that you can, it will just deposit like a normal next business day transaction.

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when did you get offer.

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Square

Hi @Hassan1!  At this time, when a loan is approved through Square Capital, funds will be transferred in your linked bank account within one to two business days. You cannot instantly transfer a Square Capital loan at this time.

 

[This post was updated by moderator in 2019 to reflect a name change - deposits are now called transfers.]

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Hi there!

 

I hope you are doing well today.

I have a question - my capital loan says it was approved yesterday afternoon, and is to be "sent" to my bank today. I have been using Square for some time and am usually able to instantly deposit but I understand a loan would likely operate differently.

Would it be your understanding that (with being approved yesteray - and in a deposit in pending status since yesterday afternoon), that I should likely receive the funds at close of business today (or 15 minutes after) as I have read a little bit about?

 

Thanks for any light you can shed on this.


Blessings!

Keith

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Alumni

Hi @keithlockecom - This Support articles says you can receive your loan as early as the next business day

 

Good luck!

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Admin

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Hi @Hassan1, you'll be happy to hear about the latest update: Instant Loan Deposits to Square Checking!

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