SQUARE CHECKING
Access your sales instantly
Not on Square yet? Join today to start a checking account, and see all your cash flow in one place.
Block, Inc. is a financial services company, not a bank. Square Checking is provided by Sutton Bank, Member FDIC.
Open your account
Your money at a moment's notice with Square Checking.
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
Your Square sales are automatically (and immediately) ready to spend with your Square Debit Card—digitally or in person.
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.
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 |
*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. Accounts are FDIC-insured up to $250,000. Square Checking account funds are eligible for FDIC insurance up to the allowable limit through Sutton Bank, Member FDIC, and other program banks. Coverage is subject to aggregation of all of each account holder’s funds held on deposit at Sutton Bank or at each of its program banks.
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. Square Checking accounts do not provide monthly paper statements and do not issue physical paper checks. Square Checking accounts are not interest-bearing accounts.
Square, the Square logo, and Square Terminal are trademarks of Block, Inc. Other trademarks and brands are the property of their respective owners.