Daily Bank Transfer Limits - New Square Account

[Kshah123]

Hello,

Does anyone know what the daily transfer limits to your bank account are for new square accounts?

if you have 2 locations instead of one, does it mean your bank transfer limits double?

Most of my revenue is from CashApp (integrated to my square).

Please help, I got two different responses from chat support.

[Summer2024 · Accepted solution]

Hello @Kshah123 ! Welcome to Square and welcome to the Square Community! We are so glad you're here. 

New Square sellers start with a limit of one instant transfer per day of up to $2,000. As you run and grow your business with Square, a higher daily transfer amount may become available. 

However, your next day transfers are not limited. Here is a Support Article that details transfers and everything you may need to know about the transfer schedule. 

I hope this helps! 

[Kshah123]

Thanks Summer2024 for your resonse.

If I understand your response correctly, there are only limits for Instant Transfers. 
Even if it is a new account, there are no limits on next day transfers? 

[Summer2024]

@Kshah123 - That is correct.