Square Checking Tap into your money instantly
Instant access to sales revenue, 24/7¹
100% free, no minimums
Built-in security features
Sign up in less than two minutes
Spend on your own terms
Pay with a debit card²
Make a sale, spend instantly. Plus, get up to five debit cards to share with your team so they can make business purchases in person or digitally with Apple Pay® or Google Pay.™
Make bill payments
Your money is available right away, so you can send payments to your vendors via debit card, ACH, Bill Pay, or printable check.
Transfer money fast
Transfer funds to an external bank account for free the next business day or instantly for a fee.³
Put all your revenue under one roof
Access third-party revenue quickly
Access third-party revenue quickly
Earn money outside of Square? Get funds up to two days faster when you set up one-time or recurring ACH deposits.⁴
Get your loan funds instantly
Get your loan funds instantly
Deposit checks on your phone
Deposit checks on your phone
Top up your balance
Top up your balance
Deposit cash at nearby stores
Deposit cash at nearby stores
Easily add cash to your account for free at stores, like Kroger®, Walgreens, Dollar General, and 7-Eleven. Deposits are available in minutes.⁵
Absolutely no fees. Ever.
Square Checking
Other banks
Monthly service or maintenance fees
Square Checking
$0
Other banks
$10–$16 per month
Minimum balance requirement
Square Checking
$0
Other banks
$500–$5,000 minimum
Overdraft fees
Square Checking
N/A
Other banks
$35 per item
Required opening deposit
Square Checking
$0
Other banks
$1–$1,500
Foreign transaction fees
Square Checking
0%
Other banks
1–3%
ATM fees
Square Checking
$0
Other banks
$3–$5, plus ATM operator fees
How LA’s La Pupusa Urban Eatery Manages Cash Flow With Square
“We use our Square Checking to take care of our payroll, our taxes, and different expenses that come up here and there. It’s a great tool to help us streamline all our financials.” — Juan Saravia
Get your money moving at your speed
Talking money
FAQ
How do I sign up for a Square Checking account?
Signing up for Square Checking and Square Debit Card is easy and takes less than two minutes.
Sign up to sell with Square
Go to the Balance applet in your Square Point of Sale app or Dashboard and select Square Checking
Select Open account
Verify your information
Personalize your business debit card
Confirm the shipping address for your business debit card
Does Square Checking have any fees?
No, we do not charge any recurring fees for Square Checking — no minimum balance fees, no services fees, no monthly maintenance fees, no overdraft fees. Square does not charge ATM fees, but third-party ATM operator fees may apply.
Does Square Checking have any minimum balance requirements?
No, we do not have any account minimum balance requirements. There are no account opening minimum balances and no ongoing monthly balance requirements.
How long does it take for my account to be opened?
As soon as you finish opening your account, you can start using it right away on your Square Point of Sale app or Dashboard.
How do I add my Square Debit Card to my mobile wallet?
We recommend that you add your Square Debit Card to Apple Pay® or Google Pay™ as soon as you open your Square Checking Account, so you can start using your money while you wait for your physical card to arrive. Add your debit card to Apple Pay or Google Pay.
Is my money safe with Square Checking?
Help safeguard your funds with high-risk spend alerts, SMS alerts, two-step verification, and card lock. Manage your Square Debit Card.
Is Square a bank?
Square, Inc. is a financial services company, not a bank. Square Checking is provided by Sutton Bank, Member FDIC.
Ready to bank with Square?
Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Block, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Block, Inc.
Block, Inc. is a financial services platform and not an FDIC-insured bank. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have a Square Checking Account, up to $250,000 of your balance may be covered by FDIC insurance on a pass-through basis through Sutton Bank, Member FDIC, subject to aggregation of the account holder’s funds held at Sutton Bank and if certain conditions have been met.
Instant access 1Instant availability of Square Payments. Funds generated through Square payment processing services are generally available in the Square Checking account balance immediately after a payment is processed. Fund availability times may vary due to technical issues. Instant availability does not apply to funds added to the Square Checking account via ACH transfer. ACH credit transfers to your account may take 1–2 business days.
Square Debit Card 2Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated, and may be used wherever Mastercard is accepted. If you have a Square Debit Card, up to $250,000 of your balance may be covered by FDIC insurance on a pass-through basis through Sutton Bank, Member FDIC, subject to aggregation of the account holder’s funds held at Sutton Bank and if certain conditions have been met.
Instant transfers 3Instant and same-day transfers require a linked bank account or debit card and cost a fee per transfer. Funds are subject to your bank’s availability schedule. Minimum amount is $25 USD and maximum is $10,000 USD in a single transfer. New Square sellers may be limited to $2,000 per day. Fund availability times may vary due to technical issues.
Early deposit access 4With early deposit access, Block, Inc. may make incoming electronic direct deposits made through ACH available for up to two days before the scheduled payment date. Not all direct deposits are eligible. Early availability of direct deposits is not guaranteed and may vary from deposit to deposit. Early deposit access is automatic and there is no fee.
Cash deposit 5Cash deposited into your Square Checking account is generally available in your account balance immediately after a deposit is processed. Fund availability times may vary due to technical issues.
VanillaDirect Pay is provided by InComm Financial Services California, Inc. and by InComm Financial Services, Inc. (NMLS# 912772), which is licensed as a Money Transmitter by the New York State Department of Financial Services. Terms and conditions apply.