Can I transfer money from Google Wallet to my bank account?

Square Cash, Jack Dorsey’s rival to the popular money-transfer app Venmo, is still a money-loser. It is trying to change that. Starting today, people who receive a payment via Square Cash can cash out the money to a bank account instantly if they’re willing to pay a 1 percent fee.

Transfers typically happen quickly. Wire transfers via a non-bank money transfer service may only take several minutes. Generally, bank wires can take a few days. Many domestic wire transfers can be completed within 24 hours (especially if transfers occur between accounts at the same financial institution).

The Google Wallet app makes your wallet lighter by storing all your credit and debit cards on your iPhone or Android phone. Once you have a Google Wallet set up, you can also use it with Gmail to easily send and receive funds, and to do the same on mobile devices running Android 2.3 or higher, and iOS 6 or higher.

Check your Google Play balance

On your Android phone or tablet, open the Google Play Store app .

Tap Menu Account.

Under “Payment methods,” see your balance.

The receiving banks often take 2-4 days for funds to be released to customers because they are following what they call the “”three-day good funds model”, which basically means they’ll hold the funds for three days to make sure it’s not a fraudulent transaction.

You can access money immediately if cash has been deposited into your account at any Commonwealth Bank branch or transfered via NetBank or Telephone banking from your own or another Commonwealth Bank account. Money transfered from another financial institution can take up to 3 days to access.

Deposits at a U.S. Bank no-envelope ATM into a U.S. Bank checking or savings account will be processed as follows: For cash deposits, funds will be available immediately. For checks: Checks deposited on business days up until 8:00 p.m. (local time) are considered received on the same day.

The majority of payments made – other than by cheque and Direct Debit – to a UK bank will be processed using the Faster Payments Service, with payments usually reaching the receiving account within two hours. Payments for larger amounts may take up to a day.

The exception is standing orders that have been set up on a weekend, as those will not go through until the next business day. If a transfer does not go via Faster Payments it will be processed on the Monday (unless that’s a bank holiday) and received on the Tuesday.

Typically, merchants do this at the end of the day, so in theory, the closer your purchase is to the merchant’s time of closing, the sooner the transaction will clear. However, settlement policies vary by merchant, so it’s not unusual for a debit card transaction to remain pending for up to five days.

Some credit card issuing banks will take 2 to 3 days to remove the pending charge. Pending transactions will reduce the customer’s available credit card (or debit card balance) balance, but will not actually charge the customer’s card.

You’re unable to stop or cancel the transaction until it is complete. It generally takes 3 to 5 business days to process a transaction, although it can take up to 10 business days or longer. You need to wait until the transaction is complete and is no longer a pending transaction if you wish to dispute it.

A Pending transaction may appear for up to five days depending on: When the transaction was made. How long the merchant takes to process the transaction (ASB does not control this) If the authorised transaction is not processed to your credit card (for example if you pay your hotel bill using another payment method)

To check if a payment can be cancelled:

Open the Cash app > tap the clock icon at the top-right corner.

Select the person you sent the payment to from the list > tap the payment in question.

If you’re given the option at the bottom of the screen, tap Cancel Payment > Ok.

Venmo is perhaps the simplest, but still requires that your recipient to download the app, add a bank account, wait for the money to arrive, and then “cash out” — which means moving the money to your bank account. With Square Cash, it all happens in one step.

To refund a payment from your Square Dashboard:

Log in to the Transactions tab of the Square Dashboard.

Click on the payment you’d like to refund, then click Issue Refund at the top right corner.

Enter the amount you’d like to refund and the reason you’re refunding the payment, then click Issue Refund.

Process Full and Partial Refunds Online

Visit Transactions in your online Square Dashboard.

Select the payment you’d like to refund > Issue Refund.

Enter the amount you want to refund and the reason for the refund.

Click Refund.

Refund Timeline. It takes 2-7 business days to process a refund with Square. Once the refund is processed and sent to your customer’s card issuing bank, it can take another 2-7 business days (depending on the bank’s processing speeds) for the refund to post to your customer’s account.

A refund for a cancelled order which was originally made using a credit or debit card may take up to five days to show on your credit/bank statement but typically appears in 24-48 hours depending on your bank. Refunds to PayPal are instant and the funds are instantly removed from our account back to yours.

The IRS states that 9 out of 10 e-filed tax returns with direct deposit will be processed within 21 days of IRS e-file acceptance. Mailed paper returns – Refund processing time is 6 to 8 weeks from the date the IRS receives your tax return.