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How To Transfer Money From Square To Cash App

A Square to Cash App transfer is possible. Find out how to transfer money from Square to Cash App.
transfer money from square to cash app

Looking to transfer money from Square to Cash App? Keep reading as we'll cover the steps you need to transfer the funds.

Square is a fintech company that allows small and medium-size businesses accept credit card payments and provides them with financial management tools they need to succeed with their businesses.

While Square offers users everything they need to run their business online, it isn't however, offers flexible options to easily use your funds.

Having your funds transferred to Cash App will make them even more flexible.

To help you out, we've compiled the different ways to transfer money from Square to Cash App.

Table of Contents

What is Square?

Block, Inc., formerly Square, Inc., is a San Francisco, California-based financial services and digital payments company. Jack Dorsey and Jim McKelvey created the company in 2009, and its initial platform was introduced in 2010.

Since November 2015, it has been trading as a public corporation on the New York Stock Exchange under the ticker symbol SQ.

Square, Inc. was the company's name until December 10, 2021. The company's named-after small-business product is still called "Square." Square is a payment platform for small and medium enterprises that allows them to accept credit card payments and use tablet computers as point-of-sale terminals. Block is also the owner of a number of other businesses including; Afterpay, Weebly, Tidal.

What is Cash App?

Cash App (previously Square Cash) is a mobile payment service established by Block, Inc. that allows users to send money to one another via a mobile phone app (for a 1.5 percent fee for instant transfer).

Only residents in the United Kingdom and the United States have access to the service. The service reported 70 million yearly transactional customers and $1.8 billion in gross revenues in September 2021.

Can I Transfer Money from Square to Cash App?

Yes, you can transfer money from Square to Cash App.

Square lets users transfer money from their Square point-of-sale (POS) accounts to their Cash App accounts through direct deposit. All you'll need is your Cash App routing and account number.

You can also indirectly transfer the funds through a linked bank account.

How To Transfer Money From Square To Cash App

As earlier mentioned, you can transfer money from your Square POS account to your Cash App account through direct deposit.

The process compiles four simple steps.

Step 1: Order Your Cash Card To Get Direct Deposit Details

Cash App lets users receive direct deposits from Square POS account. However, you'll need to order a Cash Card to use receive direct deposits on Cash App.

If you don't receive your direct deposit details after ordering your Cash Card, you'll need to wait for the physical card to arrive to get these details.

Step 2: Copy Your Cash App Direct Deposit Details

After ordering your Cash Card and receiving your direct deposit details, the next thing to do is copy these details.

To do so:

  1. Open Cash App on your phone.
  2. Tap the Money tab on your Cash App home screen.
  3. Tap the routing and account number below your balance.
  4. Use the options to copy your account and routing numbers.
  5. Provide the account and routing number when prompted for a bank account during direct deposit setup.

Step 3: Link Cash App To Square

Square works with Cash App, and you can directly link Cash App to Square through Cash App's routing and account numbers. It's more like linking a bank account to Square.

To do so:

  1. Open the Square app.
  2. Go to Account & Settings > Business information > Bank Accounts > Add Bank Account in your online Square Dashboard.
  3. Enter your Cash App's routing and account number.

Step 4: Transfer Money From Square To Cash App

After linking your Cash App account to Square, the next thing you'll want to do is transfer funds from Square to Cash App.

You can only transfer money from Square to Cash App through standard transfer. Instant transfers aren't available as of this writing.

The process is more like transferring money from Square to a bank account.

How To Transfer Money From Square To Cash App Indirectly

In the process, you'll need to add a bank account to both your Square and Cash App, transfer the funds from Square to your bank account and finally, move the funds from your bank account to Cash App.

Step 1: Add a Bank Account to Square and Cash App

The first thing you'll need to do when looking to transfer money from Square to Cash App is to have the same bank account linked to your Square and Cash App account.

However, you'll need your account and routing number to link it to the two apps.

To link a bank account to Square:

  • Open the Square App.
  • Go to menu, and tap Settings > Account > Bank Account > Add Bank Account.
  • Enter the requested bank account information. You can find this information listed at the bottom of your checks, or you can contact your bank to confirm this information.
  • Click "Continue."

To link a bank account to Cash App:

  • Open Cash App.
  • Tap the Profile Icon on your Cash App home screen.
  • Select "Linked Banks."
  • Tap "Link Bank."
  • Follow the prompts.

Step 2: Transfer the Money from Square to Bank Account

Square lets you transfer funds to your bank account in four different ways.

You should keep in mind that, if you use the instant transfer from Square to your bank account, you will be charged a fee of 1.75% of the total amount to be transferred.

Standard transfers are usually fee-free and can take up to 3 business days to reflect into your bank account.

Step 3: Transfer the Money from Bank Account to Cash App

Once the funds arrive into your bank account, the last step will be to transfer them to your Cash App account.

Thankfully, Cash App makes it easy to add money into your balance through its "Add Cash" feature.

To transfer money from bank account to Cash App

  • Tap the Banking tab on your Cash App home screen.
  • Press "Add Cash."
  • Choose an amount.
  • Tap "Add."
  • Use Touch ID or enter your PIN to confirm.

How Long Does It Take To Transfer Money From Square To Cash App?

The time it takes to transfer money from Square to Cash App depends on a couple of factors, including;

  • Processing time.
  • Server availability.
  • Transfer time.

However, it usually takes 2-4 business days to transfer money from Square to Cash App if nothing else delays the transfer.

Is Square Cash The Same As Cash App?

Yes, Square Cash is the same as Cash App.

While most people call the payment service Cash App, others, on the other hand, call it Square Cash. So don't get that confusing.

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 owned by the same company, which favors a direct transfer between the two apps.

You'll however, need to qualify for direct deposit with Cash App in order to get the routing and account numbers you'll use to receive funds from Square.

You can also indirectly transfer money from Square to Cash App using a linked bank account.

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About the Author

Tebid Kelly is a Graphic Designer, Web Developer, Ethical Hacker, Programmer, and Content Creator who showcases his skills and experience on his blogs. He also has much love for finance apps such as Cash App, Venmo, PayPal, Zelle, etc on which he ha…

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