Square Checking
Your money at a moment’s notice

Open my account

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

Watch it in action

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 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 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 Instantly access your Square Loan in your Square Checking balance

Free, instant transfers to and from Square Savings

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.”


  • How do I sign up for a Square Checking account?

    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.

    1. Go to the Balance applet in your Square Point of Sale app or Dashboard and select Square Checking
    2. Select Open account
    3. Verify your information
    4. Personalize your business debit card
    5. 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

  • 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.

  • Is Square a bank?

    Square, Inc. is a financial services company, not a bank. Square Checking is provided by Sutton Bank, Member FDIC.

Get the checking account made for Square business owners

Automatically save for taxes and much more with every Square sale. Earn 1.75% APY* with Square Savings >

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.

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.

*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.