Square - Deposit Processing Delays to Linked Checking Account
Jun 24, 2016, 8:20 pm
#1
Original Poster
Join Date: Apr 2013
Programs: Starwood/Hyatt/IHG-PLAT/Hilton-DIA
Posts: 468
Square - Deposit Processing Delays to Linked Checking Account
My wife signed up for square using my referral link and charged her sister for $500 to pay her back for booking a recent plane ticket.
Her bank account was already verified before running the charge, but square immediately sent an account alert/verification request as soon as she made her first charge.
After verifying everything and submitting the requested documents, her account was cleared and looks no longer limited.
However, that $500 has been showing in "upcoming deposits" for over 2 weeks now and hasn't been automatically pushed to her checking account yet, which normally should happen in 1-2 business days.
Anybody familiar with what needs to be done to push a "stuck" balance from pushing automatically to checking?
My guess is that it has something to do with the same last maiden name on the sister's card that was charged, that matches her account, but not sure if I should go back to square and see what is up or if we should just continue to wait?
Has this happened to anybody before?
Her bank account was already verified before running the charge, but square immediately sent an account alert/verification request as soon as she made her first charge.
After verifying everything and submitting the requested documents, her account was cleared and looks no longer limited.
However, that $500 has been showing in "upcoming deposits" for over 2 weeks now and hasn't been automatically pushed to her checking account yet, which normally should happen in 1-2 business days.
Anybody familiar with what needs to be done to push a "stuck" balance from pushing automatically to checking?
My guess is that it has something to do with the same last maiden name on the sister's card that was charged, that matches her account, but not sure if I should go back to square and see what is up or if we should just continue to wait?
Has this happened to anybody before?
Jul 6, 2016, 2:23 pm
#3
Original Poster
Join Date: Apr 2013
Programs: Starwood/Hyatt/IHG-PLAT/Hilton-DIA
Posts: 468
Jul 6, 2016, 3:16 pm
#4
Suspended
Join Date: Apr 2016
Posts: 335