Square, the Square logo, and others are trademarks of Block, Inc. and/or its subsidiaries.
Square Card is issued by Square Canada, Inc. pursuant to a license by Mastercard International Incorporated and may be used wherever Mastercard is accepted. Funds generated through Square’s payment processing services are generally available through Square Card immediately after a payment is processed. Fund availability times may vary due to technical issues. Square does not charge fees, but ATM withdrawal fees charged by ATM providers may apply. Square Card is funded on a prepaid basis. Square Card is not a bank account and Square Card funds are not CDIC-insured.
Instant transfers require a linked debit card and cost a fee per transfer. Instant transfers currently only support transfers using a Visa debit card with a 16-digit card number, non-empty expiration and CVV. Mastercard debit cards are currently not supported. Funds are subject to your bank’s availability schedule, but are generally available in your bank account within 20 minutes of initiating an instant transfer. Minimum amount is $25 CAD and maximum is $5,000 CAD in a single transfer. New Square sellers may be limited to one instant transfer per day of up to $500 CAD.
All loans are issued by Square Canada, Inc. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Offer eligibility is not guaranteed. All loans are subject to approval. Terms and conditions apply.