Can I keep my existing bank account?
Yes, you can have your credit and debit card payments deposited into any bank account that accepts electronic funds transfer (EFT). Funds are deposited from your merchant account into your existing bank account.
How quickly are funds transferred to my account?
Funds are typically deposited into your bank account within 2-3 business days.3
What type of bank account do I need?
A business checking account is preferred; however, if you do not have a business account, a personal account that is primarily used for the business and is in the owner’s name is acceptable. Your bank must allow this account to be credited and debited via electronic funds transfer (EFT).
3. Funds generally are deposited into your account within 2-3 business days depending on your financial institution and your Demand Deposit Account. Clearance time for funds may vary depending on your Demand Deposit Account.