Square Checking

Instantly access, spend, and manage your sales.

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Open my account

Deposits are FDIC-insured up to $250,000.*

With Square Checking, our simplified, automated, and connected cash flow management tools free you up to focus on what you do best.

Instant access to your Square sales
Free of the usual fees
Integrates with other Square tools
Sign up in 2 minutes

Cover business expenses, access funds, and move money whenever you need to.

Ways to pay
Square Debit Card

With Square Debit Card, your Square sales are automatically ready to spend — digitally or in person.

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Debit cards for your team

Get up to 5 debit cards for your business to share spending power with your team.

Digital wallet

Add your Square Debit Card to Apple Pay® or Google Pay™ and use your digital wallet to pay online, in app, or in person right away.

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Pay bills

Pay bills with your debit card, via account and routing numbers, bank transfer, or send payments for expenses with Square Bill Pay.

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Instant Transfers

Transfer funds instantly to an external bank account for a 1.75% fee — even on weekends and holidays.¹

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Printable checks

Print a digital check or email a PDF version to cover bills and pay vendors.

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As soon as you make a sale, the money hits your account — you also get accelerated access to earnings made outside of Square.²

Ways to add funds
Instantly access Square sales

Instantly access the sales you make with a Square Checking account — no waiting.

Early deposit access

Earn money outside of Square? Automatically receive deposited funds up to 2 days faster.²

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Instantly deposit a Square loan

Once approved for a Square loan, access it in your Square Checking account instantly.

Mobile check deposit

Easily deposit checks from your phone using the Square POS app — from anywhere, anytime.

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ACH deposits

Add money to your account for free with a debit card or ACH transfer.

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Cash deposits

Easily add cash to your account for free at nearby stores, like Kroger®, Walgreens, Dollar General, and more. Deposits are available in minutes.³

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Get access to reports that break down sales and visibility into spending from your Square dashboard and POS.

Make the best decisions for your business
Cash flow activity

View sales and spending all in one place with simplified in-app and dashboard banking reporting and activity.

Security features

Help safeguard your funds with high-risk spend alerts, SMS alerts, 2-step verification, and card lock.

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FDIC insurance

Your deposits are FDIC-insured up to $250,000.*

Transfer between accounts

Easily transfer funds instantly across multiple Square Checking and Square Savings⁴ accounts for better budgeting and control over cash flow.

Cash flow at your fingertips

Make purchases for your business and cover expenses with Square Debit Card. Your Square sales are automatically (and immediately) ready to spend with your card — digitally or in person.

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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.

Your sales and banking. Working in harmony.

When you process payments and bank with Square, cash flow management is simplified and seamless.

Hear from business owners like you

“It’s just so easy transferring and accessing funds once Square drops it in the bank account, and having that available to hold funds and even use as a Checking account — that’s amazing.”

Nigel Louis of Station RBNY
Rockaway Beach, NY

“We use our Square Checking account to take care of our payroll, our taxes, and different expenses that come up here and there. It’s a great tool to help us streamline all our financials.”

Juan Saravia of La Pupusa Urban Eatery
Los Angeles, CA

“Once we realized all of our needs can be met with Square, and their banking services, there really was no need to continue our relationship with our current bank. Since all of our sales integrate with Square, it just made sense to just transfer everything over.”

Lauren Borden of Delano Nursery
SF Bay Area, CA

FAQ

  • 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.

Learn about cash flow and business finances

Get the checking account made for Square business owners

Sign up for Square Checking in just 2 minutes.
Skip the daunting paperwork.

Open my account

Block, 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.

*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. See Terms of Service for more details.

Instant availability of Square payments. 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.

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.

¹ Instant transfer requires a linked bank account or supported debit card and costs a fee per transfer. Funds are subject to your bank’s availability schedule. Minimum amount is $25 and maximum is $10,000 in a single transfer. New Square sellers may be limited to $2,000 per day. Funds generated through Square’s payment processing services are generally available in the Square balance or Square Checking account immediately after a payment is processed. Fund availability times may vary due to technical issues.

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.

⁴ Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Square Savings accounts are FDIC-insured up to the allowable limit of $2,500,000.