x

Can I link two bank accounts to one Square account?

The title of this post has been edited from the original: Can I link two different bank accounts to Square?

 

I have a square reader for the PTSA. I would like to take payments for a club and have the funds go into a different account. How can I do that?

Tags (2)
55,764 Views
Message 1 of 74
Report
1 Best Answer
Admin

Best Answer

 Hey @Gayle3-

 

Welcome to the Seller Community! 🌸

 

Currently, a Square account can be linked to one bank account at a time. However, you have a couple of options:

 

  • If your business has multiple locations, you can manage all of your locations under a single master account. This allows you to link a different bank account to each individual location.

  • Or you can create multiple, unrelated Square accounts, each with its own bank account. You can then log in and out of each account on your mobile device, depending on where you’d like your payments transferred. This option keeps each Square account completely independent of the other, so you’ll need to manage each account separately.

I hope these suggestions are helpful. If I hear anything about being able to link more than one bank account to a location, I will definitely follow up in this thread. Thanks for your time! 

View Best Answer >

50,853 Views
Message 68 of 74
Report
73 REPLIES 73
Admin

Hi @TattooSkills! I've merged your post into this thread so you can see Chad's Best Answer. Check it out above! 

️ Helen
Seller Community Manager

13,687 Views
Message 22 of 74
Report

i need to set up a secound business bank account from the same email adress, is this possible? 

13,664 Views
Message 23 of 74
Report
Admin

@hoyglenda You can add a second bank account to your Square account: but to do this you'd need to create a separate location. That way payments taken at one location are sent to one bank account, and payment take at another location are sent to a different bank account. 

 

Please see Chad's Best Answer above for the links to get set up! 

️ Helen
Seller Community Manager

13,588 Views
Message 24 of 74
Report

Hey there - I work at a nonprofit and want to connect 2 different bank accounts of ours to our Square account. Any tips on how to do that? Thanks!

26,378 Views
Message 25 of 74
Report
Square Community Moderator

Hi @WatershedCenter

 

Welcome to the Seller Community 🙌🏼

 

Currently, a Square account can be linked to one bank account at a time.

 

However, you can create two separate Square accounts with it's own bank account, or you can create an additional location under your master account, which allows for linking a different bank for each location. 

 

Let me know if you  need any clarification on this or with creating accounts and locations. 

26,802 Views
Message 26 of 74
Report

im trying to do the same thing. its very confusing and there is no instruction on how to switch from one to the other. i have 2 businesses (i am an independent stylist) and i also sell lipsense there but want the lipsense purchases to go into a different account than my salon biz. i made a dif location and such but its very confusing on how to switch back and forth upon purchasing.. my clients will be paying for hair services and lipsense purchases seperately but at the same appointment time.please advise. im also confused as to which bank account im linking and verifying in the confirm email.

 

25,365 Views
Message 27 of 74
Report
Alumni

Hi @dinadivine - thanks for making your first post to the 👥 community. 

 

To switch between locations, you will need to sign out from the Point of Sale app and sign back in, this will allow you to select the location you are looking to make a transaction through. 

 

I hope this helps, let us know if you need anything else. 

25,006 Views
Message 28 of 74
Report

How do I create another square acct? With a different bank acct number?

23,955 Views
Message 29 of 74
Report
Admin

Hey @watchuniverse! You have two options:

 

You can create a new location from your online Square Dashboard and link a different bank account to that location. When you have two or more locations, when you sign in to the app using your email address you'll select the location at which you're taking payments. 

 

Or, you can create a completely separate Square account using a different email address, and then link a different bank account to that new Square account. To accept payments with this new Square account you'd sign in to the app using that other email address. 

 

Hope this helps! 

️ Helen
Seller Community Manager

23,939 Views
Message 30 of 74
Report

I can see a problem with this multiple login from the same App on my phone.  Currently, the only account I have logins in with the convenience of fingerprint sign in.  The only way one could accomplish access to two separate accounts would be to disable (not select) fingerprint login so that one would be prompted for login information when starting the App.  Is my thinking here correct?  I am looking at doing exaclty this for my second business.

20,268 Views
Message 31 of 74
Report

How would i do that?

23,076 Views
Message 32 of 74
Report
Square Community Moderator

Hi @Torie24! Welcome to the Community.

 

You'd have to make another location in > Account & Settings on the online dashboard. You can only have one bank account per location so you'll have to create another in order to link a 2nd bank account. 

Ashley C
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
23,047 Views
Message 33 of 74
Report

Hello,

 

New to Square and found this thread.  I can't seem to be able to add a new bank account to a new location.  It only lets choose the existing bank account.

 

Is there a new/alternate way withOUT me having to login/out of my account ?

 

Thanks in advance.

21,375 Views
Message 34 of 74
Report
Square Community Moderator

Hey there @trucare8

 

Welcome back to the Community!

 

Whenever you are logging into your account, are you using the app or Dashboard? If you're using the App, then you would need to click the secondary location whenever you are logging in. 

 

If you're using the Dashboard, you will need to go to the location to the bank information to select enter the new one. 

 

Let me know if this doesn't do the trick! 

Kassi
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
20,396 Views
Message 35 of 74
Report

Please clarify.  I have four accounts under the umbrella of one business 

13,996 Views
Message 36 of 74
Report
Square Community Moderator

Hi @nabba,

 

If you've created four locations in your Square account, you'd be able to link four different bank accounts, too. Head to Account & Settings > Business > Locations. From there, select a location to view which bank account is linked to it. If you'd like to add a new bank account, you can do so from Account & Settings > Account > Bank Account

 

Please let us know how you go!

 

13,926 Views
Message 37 of 74
Report

This reply was created from merging an existing thread: “is it possible to have more then 1 bank account linked at a time?.. if so how?.. im not seeing it.” 

im trying to link more then 1 bank at a time to my account but im not see  how or if it is possible.. any help would be appreciated.. thanks in  advance.

23,140 Views
Message 38 of 74
Report

The only way you can do this is if you have more than one location.  Then you can set the account for each location.  Otherwise all funds can only be deposited into one account. 

23,299 Views
Message 39 of 74
Report

sorry i just realized i had this response.. oh so long ago!..lol but thanks for the reply and it worked!

21,645 Views
Message 40 of 74
Report

This reply was created from merging an existing thread: When I edit my bank account, will the old bank account still show up?


I want to ADD a bank account. I want to keep the current banking information in my Square dashboard, but I want another account in there as well. So... when I go to "EDIT" bank account... will it REMOVE all the old bank account information or will it be stored? I want to be able to easily switch back and forth between two different bank accounts so I can have money deposited into 2 different bank accounts. Like.. have deposits go into account A one week, then switch to account B the next week.

But I don't want to have to keep inputting the routing number and account number.

Anyone have experience with this? Will the current bank info disappear? Or will is all still be there?

21,295 Views
Message 41 of 74
Report
Admin

@Grilled There isn't a way to unlink and relink a bank account to your account in the way you're describing! 

 

I've added your post to this thread where you can read how to connect two separate bank accounts to two Square locations, for one business. I hope this helps.

️ Helen
Seller Community Manager

20,531 Views
Message 42 of 74
Report