MoneyLion and Square: not compatible?

[fidelsherrymqmc]

Dear teams,

I tried to link my MoneyLion bank to Square, but I got the issue:

"We were unable to locate the bank account information you entered. Please contact your bank to verify your routing and account numbers and then retry bank verification."

Could you please let me know the reason why?

And by the way, what cards can we link to Square?

Thanks

[isabelle]

Hey @fidelsherrymqmc!

Is it an online bank account? If so, it may not be compatible. Please note the following:

• You will need to link a United States bank account to process payments using a U.S. Square Account.

• Square requires a transactional bank account (an account that allows for both transfers and withdrawals) to support refunds or chargebacks. This means prepaid cards or online-only accounts (such as PayPal) aren’t supported at this time.

• You will need your full routing and bank account number to link your bank account.

• To verify your bank account, Square will transfer and withdraw a small amount. Sometimes this transfer and withdrawal may process simultaneously, so you’ll need at least $1.00 in your bank account before you begin the verification process.

Are you trying to link it as your debit card or bank account? Let me know! 

💸💸💸