Don't like that you have to manually transfer funds to your bank account from Square Cash? You can turn on automatic cash outs so your funds will skip the app and go directly to your bank.
If you use Square Cash and want your funds to be directly deposited in your bank account, instead of staying in your Square Cash account, you can enable the automatic cash out feature and send all your monies directly to your bank, instead of holding it in your Cash account.
Square Cash is a peer-to-peer payment service that is hugely popular and holds its own against such competitors as Venmo and PayPal. When it first launched, funds were instantly deposited into a person's bank account (for most people), which was awesome. However, Square updated its service to keep funds in your Cash account until you manually transfer them into your bank using the "Cash Out" button.
The Cash app currently gives us two options; Cash out immediately, which costs a one-percent fee, or cash out in one to three business days, which is free but takes longer.
If you don't regularly use Square Cash, you might forget that you have money, hundreds of dollars even, that you need to transfer. When you finally do remember, it might be at a time when you really need the money, but don't necessarily want to pay the instant transfer fee.
Buried in the settings section of the Square Cash app is the ability to set up automatic cash outs, so all of your peer-to-peer transactions will be deposited to your bank account, instead of remaining in the app. You can set up instant transfers, which still costs a one-percent fee, or 1-3 day deposits.
It's not the sweet magic that Square Cash started out with, but it's better than forgetting that your roommate's rent is sitting in the wrong account. Here's how to enable automatic cash-out.