Square Checking
Your money at a moment’s notice
Not on Square yet? Join today to start a checking account.
Square Checking services are provided by Sutton Bank, Member FDIC.

Access your sales instantly
As soon as a Square sale comes in, the money is available in your FDIC-insured business checking account — no waiting.
Cash flow at your fingertips with Square Debit Card

Your Square sales are automatically (and immediately) ready to spend with your debit card — digitally or in person.
Explore Square Debit Card in detail
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.
Free of the usual account fees
Square Checking | Other banks | |
---|---|---|
Square sales instantly funded | Yes; free | Not offered |
Monthly service or maintenance fees | $0 | $10–$16 per month (or min. deposit required) |
Minimum opening deposit | $0 | $1–$1,500 |
Overdraft fees | N/A | $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 businesses deserve a fair shot at better financial tools
Sign up in 2 minutes
Banking paperwork can be daunting — open your account and personalize your debit card in minutes.
No credit checks
We don’t need to know your credit or banking history — so you can focus on your future, not the past.
Give your business finances a place of their own

With a dedicated business account, keep tabs on your money, simplify taxes, and more in one place — your Square Dashboard and Point of Sale.
Many ways to manage your money

New Get paid up to 2 days faster with early deposit access*

Instantly deposit Square Loans into your Square Checking balance

Add funds to your Square Checking balance with mobile check deposit for free

Send to an external account in 1–3 business days free, or instantly for a fee

Use account and routing numbers to pay bills and add funds

Deposits are FDIC insured up to $250k†
Meet business owner Juan


“We use our Square Checking account to take care of our payroll, our taxes, different expenses that come up here and there. It’s a great tool to help us streamline all our financials.”
FAQ
Signing up for Square Checking and Debit Card is easy and takes less than two minutes! First, you need to sign up to sell with Square. Then, opening your checking account is only a few more steps.
- 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
We recommend that you add your debit card to Apple Pay® or Google Pay™ as soon as you open your 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
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.
No, we do not have any account minimum balance requirements. There are no account opening minimum balances and no ongoing monthly balance requirements.
As soon as you finish opening your account, you can start using it right away on your Square Point of Sale app or Dashboard.
Square, Inc. is a financial services company, not a bank. Square Checking is provided by Sutton Bank, Member FDIC.
Making the most of your money for small business owners
Get the checking account made for Square business owners

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.
All loans and savings accounts are issued by Square Financial Services, Inc., a Utah-Chartered Industrial Bank. Member FDIC. 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. Loan eligibility is not guaranteed. All loans are subject to credit approval.
*With 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.
†Block, Inc. is not a bank. Checking accounts are provided by Sutton Bank, Member FDIC. 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. Square 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.
‡Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Annual percentage yield (APY) of 1.75% as of Oct. 10, 2022. APY subject to change. No minimum balance, no cost.
Instant transfer requires a linked bank account or supported debit card and costs a fee per transfer. Funds are subject to your bank’s availability schedule. Minimum amount is $25 and maximum is $10,000 in a single transfer. New Square sellers may be limited to $2,000 per day. Funds generated through Square’s payment processing services are generally available in the Square balance or Square Checking account immediately after a payment is processed. Fund availability times may vary due to technical issues.