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We speak to a lot of business owners all over the world, whether they’re a bicycle-powered coffee cart in Manchester or a surf shop in Rockaway Beach. While operating a business has its challenges, it can be rewarding. Most importantly, owners want their tools in one place. They want fast access to their funds without it being a whole other thing, having to make transfers, remember the password, authenticate every time they log in, and pay a monthly fee for the hassle.
When you sign up for a new Square account, you get instant access to Square sales through a free Square Checking account.¹ A business checking account is vital for any entrepreneur looking to scale their business. It provides a centralized location for managing bookkeeping, tax preparation, cash flow control, and what can be an endless stream of revenue and expenses. It separates your business account from your personal account right out of the gate, something many sellers say they wish they did earlier.
Hitting the ground running with this tool already linked to your payments can mean less time coordinating between separate service providers and more time making decisions that will benefit your customers and grow your business, whether it be local marketing, purchasing inventory, hiring staff, or expanding your services.
How it works
When you verify your identity to start taking payments, you get instant access to sales with Square Checking. Then, after every sale, the money goes directly into your free business checking account. That means you can instantly access and move money with your Square Debit Card, pay bills, and more.
Instant access to your sales. As soon as a Square sale comes in, the money is available in your business checking account — no waiting. Use it for inventory, bills, or whatever your business needs.
Cash flow at your fingertips. Your Square sales are automatically (and immediately) ready to spend with your Square Debit Card — digitally or in person. Make purchases for your business and cover expenses with Square Debit Card.
Zero fees, 100% free. No monthly fees or minimum balance requirements.
Share spending power. Get up to five Square Debit Cards for you and your team. No more reimbursement delays.
Integrates with other tools. Seamlessly connects payments and banking services to provide a comprehensive solution for your financial needs.
Do more with Square Checking
Our simplified, automated, and connected cash flow management tools free you up to focus on what you do best.
- Make a sale, and spend instantly
- No monthly fees or minimums
- Get up to five Square Debit Cards for your team
- Pay with your Square Debit Card digitally or in person
- Get funds up to two days faster when you make a one-time or recurring direct deposit2
- View sales and spending all in one place
- Deposit cash, write printable checks, and pay bills and invoices3
Learn more about Square Checking
¹Block, Inc. is a financial services platform and not an FDIC insured bank. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have a Square Checking account, up to $250,000 of your balance may be covered by FDIC insurance on a pass-through basis through Sutton Bank, Member FDIC, subject to aggregation of the account holder’s funds held at Sutton Bank and if certain conditions have been met.
Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard.
Instant availability of Square payments. Funds generated through Square 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.
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.
² 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.
³ Cash deposited into your Square Checking account is generally available in your checking account balance immediately after a deposit is processed. Fund availability times may vary due to technical issues.
VanillaDirect Pay is provided by InComm Financial Services California, Inc. and by InComm Financial Services, Inc. (NMLS# 912772), which is licensed as a Money Transmitter by the New York State Department of Financial Services. Terms and conditions apply.
