Will the balance automatically transfer back to my account after an ACH payment is canceled?

ACH Payments

No, the balance will not automatically transfer back to your business entity's bank account. You must manually initiate the transfer in Squareworks Automate by navigating to Balance Transfers > Release Transfers > New Transfer, selecting the Business Entity and Funding Source, and withdrawing the full balance. Click Create Transfer and Confirm to initiate the transfer.

You'll then need to release the transfer. Navigate to Balance Transfers > Release Transfers to see all pending balance transfers. Click on the transfers you'd like to release and Release Selected to finalize the transfer.

Once you initiate a balance transfer, the funds will be returned to your bank in 2 business days (provided the balance transfer is initiated before 4pm ET). You can view all pending transfers by going to Balance Transfers > Transfer History.