How long does Square take to verify bank account?

Answered by Stephen Mosley

The verification process for a bank account with Square typically takes up to 4 business days. It’s important to note that this timeframe excludes weekends and holidays, as Square operates on regular business days. While it’s understandable that you may be eager to have your bank account verified quickly, unfortunately, Square is unable to expedite the process.

During the verification period, Square conducts various checks and procedures to ensure the security and authenticity of your bank account. This involves verifying the account details provided, confirming ownership, and conducting any necessary background checks. These steps are essential for Square to maintain a secure and reliable payment platform.

While waiting for the verification process to complete, I understand that it can be frustrating to have to wait. It’s important to remain patient and allow Square the necessary time to ensure the accuracy and legitimacy of your bank account information. In the meantime, you can continue to use other payment methods or explore alternative options if time is of the essence.

It’s worth mentioning that the verification process may occasionally be completed sooner than the estimated 4 business days. However, this is not always the case and may vary depending on factors such as the complexity of the verification, any additional information required, or any unforeseen circumstances.

In my personal experience, I have found that Square strives to provide a reliable and secure payment platform for its users. While the verification process may seem lengthy, it is ultimately for the benefit and protection of all parties involved. Once your bank account is successfully verified, you can enjoy the convenience and security of using Square for your business transactions.

To summarize, the verification process for a bank account with Square typically takes up to 4 business days. Weekends and holidays are excluded from this timeframe, and Square is unable to expedite the process. Remaining patient during this period is crucial, as Square conducts necessary checks and procedures to ensure the security and authenticity of your bank account. Once verified, you can enjoy the benefits of using Square’s reliable payment platform.