We are gradually diving into a digital era, and money transfer is becoming a crucial activity in the present economy.
Square and Cash App have both contributed into making it easy to adapt to this digital era.
In a nutshell, Square offers an easy way for business owners to accept credit card payments, and everything they need to sell their goods and services anywhere. Cash App, on the other hand, is a payment service that facilitates money transfers and allows people invest money safely and conveniently.
If you're looking to make the finds in your Square balance even more flexible, or invest them in bitcoin, transferring them to Cash App is a great idea.
To help you out, we've compiled the steps required to transfer money from Square to Cash App without hassle.
Table of Contents
Can You Transfer Money From Square To Cash App?
Yes, Square does works with Cash App—which means, you can transfer money from Square to Cash App.
You'll need to link your Cash App's routing and account number to Square and initiate a direct deposit from your Square point-of-sale (POS) account.
How To Transfer Money From Square To Cash App
Transferring money rom Square to Cash App is easy. You'll however, need to enable direct deposit on your Cash App account to receive money from Square.
To overall process can be done in four simple steps.
Step 1: Enable Direct Deposit On Cash App
Ordering a Cash Card is an eligible requirement to enable direct deposit on your Cash App account.
You'll receive your direct deposit details immediately you order your Cash Card online. If in case you don't receive these details right away, you'll need to wait for your physical Cash Card to arrive.
Step 2: Copy Your Cash App Direct Deposit Details
After ordering enabling direct deposit for your Cash App account, the next thing you'll have to do is copy the details.
To do so:
- Open Cash App on your phone.
- Tap the Money tab on your Cash App home screen.
- Tap the routing and account number below your balance.
- Use the options to copy your account and routing numbers.
- Provide the account and routing number when prompted for a bank account during direct deposit setup.
Step 3: Link Cash App To Square
After getting your Cash App direct deposit details, the next thing will be to add them to your Square account.
To do so:
- Open the Square app.
- Go to Account & Settings > Business information > Bank Accounts > Add Bank Account in your online Square Dashboard.
- Enter your Cash App's routing and account number.
Step 4: Transfer Funds From Square To Cash App
Finally, when everything is set, you can initiate a transfer of funds from Square to Cash App. It is easy-peasy.
However, keep in mind that you can only transfer the funds through the standard transfer option. You can't use instant transfer to transfer funds form Square to Cash App as of this writing.
The process is more like transferring money from Square to a linked bank account.
How Long Does It Take To Transfer Money From Square To Cash App?
It typically takes 2-4 business days to transfer money from Square to Cash App. Direct deposit can at times take long to hit your Cash App account.
Is Square Cash The Same As Cash App?
Yes, Square Cash and Cash App refer to the same app, Square's Cash App.
Square Cash was Cash App's former name. However, some people still call the app Square Cash.
Frequently Asked Questions
How do I instant transfer from Square?
It is very easy to instantly transfer funds from Square. To do so, Open the app and tap More from the navigation bar at the bottom of your screen. Tap Balance. Tap Instantly Transfer.
Can you send money internationally with Square?
No, you can't send money internationally with Square.
Does Square Cash App work internationally?
No, Square Cash App does not work internationally. It only works in the US and the UK.
Final Thoughts
Square and Cash App are two financial giants that have made online fund management even easier.
If you use the two apps, you'll have happy to know that they do work together—meaning, a direct transfer is possible between the two apps.
This guide compiles steps to transfer money from Square to Cash App without hassle.