Square Checking
Your money at a moment’s notice
Not on Square yet? Join today to start a checking account.
Square, Inc. is a financial services company, not a bank. Square Checking is 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 | 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

Use account and routing numbers to pay bills and add funds

Free, instant transfers to and from Square Savings

New 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
Meet business owners Jimmy and Kayla


“Square Debit Card has made managing our business finances and cash flow easier because it pretty much does it all for us.”
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, 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.
*Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Annual percentage yield (APY) of 0.50% or more will apply until 12/31/2021, after which the APY in-effect at that time will apply and will be subject to change. No minimum deposit is required to open an account, and no minimum balance is required to obtain any advertised APY. Accounts will not be charged monthly fees. Accounts are FDIC-insured up to $250,000.