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, Inc. is a financial services company; not a bank. 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 International Incorporated, and may be used wherever Mastercard is accepted.
Instant availability of Square sales. 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.
FDIC insurance: Square Checking account funds are FDIC-insured up to the allowable limits through Sutton Bank, Member FDIC and its program banks (typically up to $250,000). Coverage limit is subject to aggregation of all of the account holder’s funds held at Sutton Bank or its program banks.
Overdraft: Square Checking currently does not support overdrafting. Any transactions or transfers exceeding the available balance will be declined.
ACH transfer fund availability: 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.