How to Transfer Money from Square to Cash App: A Step-by-Step Guide
Transferring money from Square to Cash App can be a convenient way to manage your finances. Whether you’re a small business owner or just looking for a simple way to move funds, this guide will walk you through the process. Before you begin, make sure you have both the Square and Cash App installed on your smartphone and that you have access to a stable internet connection.
Step 1: Log in to Square
Open the Square app on your smartphone and log in with your credentials. If you haven’t already set up an account, you’ll need to do so by following the prompts provided by the app.
Step 2: Navigate to the Bank Account Section
Once you’re logged in, tap on the “Bank Accounts” option. This section will display all the bank accounts linked to your Square account. If you haven’t linked a bank account yet, you’ll need to do so by entering your bank account details and verifying them with Square.
Step 3: Select the Bank Account You Want to Transfer From
Scroll through the list of bank accounts and select the one you want to transfer funds from. This is the account that will be debited when you initiate the transfer.
Step 4: Navigate to the Cash App
Open the Cash App on your smartphone and log in with your credentials. If you haven’t already set up an account, you’ll need to do so by following the prompts provided by the app.
Step 5: Access the Bank Account Section
Once you’re logged in, tap on the “Bank” option. This section will display all the bank accounts linked to your Cash App account. If you haven’t linked a bank account yet, you’ll need to do so by entering your bank account details and verifying them with Cash App.
Step 6: Select the Bank Account You Want to Transfer To
Scroll through the list of bank accounts and select the one you want to transfer funds to. This is the account that will be credited when you initiate the transfer.
Step 7: Initiate the Transfer
Tap on the “Transfer” option and enter the amount you want to transfer. Review the details of the transfer, including the amount, the bank accounts involved, and the fees (if any). Once you’re sure everything is correct, tap on “Transfer” to initiate the process.
Step 8: Verify the Transfer
After you’ve initiated the transfer, you’ll receive a confirmation message. This message will include the amount transferred, the bank accounts involved, and the expected time frame for the transfer to be completed. Keep this information for your records.
Step 9: Monitor the Transfer
Keep an eye on your bank accounts to ensure that the transfer is completed successfully. If you notice any discrepancies or issues, contact Square or Cash App customer support for assistance.
Table: Transfer Fees and Time Frames
| Transfer Type | Fee | Time Frame |
|---|---|---|
| Instant Transfer | $3.99 | Up to 1 hour |
| Standard Transfer | $0.00 | Up to 3 business days |
It’s important to note that transfer fees may vary depending on your location and the specific terms of your Square and Cash App accounts. Be sure to review the fees and time frames before initiating a transfer.
Step 10: Keep Track of Your Transactions
After the transfer is complete, make sure to keep track of the transaction details, including the date, amount, and any fees incurred. This information will be useful for budgeting and tax purposes.
By following these steps, you should be able to transfer money from Square to Cash App with ease. Remember to always review the terms and conditions of both platforms to ensure that you’re aware of any fees or limitations associated with transferring funds.
