Square Transfers provides businesses with flexible fund transfer options, including instant access, automated scheduling, and integrated checking features to optimize cash flow management.

Key Features

Transfer Flexibility

• Standard Transfers: Free daily transfers to external banks, available by the next business day
• Instant Transfers: 24/7 on-demand transfers (1.75% fee) with $10,000 maximum
• Same-Day Transfers: Customizable automated schedule with a 1.75% fee

Square Checking Integration

• Instant fund availability after sales
• Free business checking account with debit card access
• No transfer requirements for checking account funds

Automation & Control

• Custom close-of-day scheduling
• Detailed transfer history and sales reports
• Multiple transfer method combinations

Benefits

Cash Flow Optimization

• Eliminates waiting periods for critical funds
• Combines free standard transfers with paid instant options

Financial Visibility

• Real-time balance tracking
• Exportable transfer reports

Operational Efficiency

• Set-and-forget scheduling for recurring transfers
• Immediate spending capability through integrated debit card