On Demand Access Terms of Service
Last updated: December 8, 2020
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This page explains our terms for Square’s service providing on-demand access to funds that are equivalent to a portion of your earnings. By using the services, you agree to these terms.
Square will determine if and when the on-demand feature is made available to you in its sole discretion. If and when the feature is made available to you, you may choose to use it in your sole discretion. As part of the on-demand feature, Square will use its funds to transfer an amount equal to a certain portion of your earned net wages (“Transfer Amount”). Square will determine limits on the Transfer Amount in its sole discretion. Depending on where you live, Square may offer one or both of two versions of this service, as described below.
On-demand transfer to Cash App
You may request that we route the transfer instantly to your linked Cash App account for free. If you have a Square Cash Card associated with your Cash App Account, you can spend funds transferred through the on-demand pay service immediately using your Square Cash Card. Your use of Cash App and Cash Card are subject to the respective Terms and Conditions that govern those products.
On-demand transfer to debit card
Alternatively, you may request that Square transfer funds to your linked debit card (which must be issued by a U.S. bank or other depository institution) for a fee of 1% of the Transfer Amount. This fee will be paid to Square for providing the on-demand service to you as requested, and Square may modify the fee at any time within its sole discretion. The fee amount and the Transfer Amount will be displayed to you prior to your confirmation of the transfer. If you select this option, the Transfer Amount and the fee will be deducted from the net pay of your next paycheck. In certain states, the fee may be debited from your linked debit card after your paycheck is deposited. If your next paycheck does not have sufficient funds to pay the fee and remit the Transfer Amount, the Transfer Amount, or a portion thereof, will be deducted from subsequent paychecks as necessary.
By using Square’s on-demand pay feature, you agree that no employment, independent contractor, or third party-beneficiary relationship is created between you and Square. You must affirmatively opt into the on-demand pay service each time you would like to use it – i.e., your election will not be carried forward automatically to any future payments or transfers. This feature is completely optional, and, if you elect not to use on-demand pay, the full amount of your net wages will be transferred to your account on your payday at no cost to you.
Square provides this feature in its capacity as your employer’s agent for the limited purpose of providing payroll services and the on-demand pay feature. Neither Square nor your employer is lending you money, nor are you selling or assigning us the right to your wages.
This service may rely on timecard data or other information provided by you. You represent and warrant that all data and information you provide to us is accurate, complete, and timely. If you provide inaccurate, incomplete, or untimely data we may recover from any amounts deposited pursuant to this service.
Square may suspend or cancel this service, or reject or suspend your use of this service, at any time in its sole discretion.