Square, Inc. is a financial services company, not a bank. Square Checking is provided by Sutton Bank, Member FDIC.
Your card is ready to go, right away
Add your card to Apple Pay® or Google Pay™, so you can use your phone to pay online, in app, or in person right away—even before it arrives in the mail.
Free of the usual account fees
|Square Checking||Other banks|
|Square sales instantly funded||0%||1%–1.5%|
|Monthly service or maintenance fees||$0||$10–$16 per month|
|Minimum opening deposit||$0||$25–$1,500|
|Overdraft fees||$0||$35 per item|
|Minimum balance requirement||$0||$500–$5,000|
|Foreign transaction fees||0%||1–3%|
|ATM fees||$0 charged by Square;
ATM operator fees apply
|$3–5, plus ATM operator fees|
Small business owners and managing your money
Square Checking is provided by Sutton Bank, Member FDIC. Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard. Squyare Debit Card may be used wherever Mastercard is accepted. Accounts are FDIC-insured up to $250,000.
Funds generated through Square’s 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.
Block, Inc. is not a bank. Checking accounts are provided by Sutton Bank, Member FDIC.
Square Checking accounts do not provide monthly paper statements and do not issue physical paper checks. Square Checking accounts are not interest-bearing accounts.