Square Checking:
Instant Access to Your Square Sales
What if you could access your sales immediately, automatically save a portion of every transaction, earn interest on your business savings, and avoid monthly checking account fees?
That's exactly what Square Checking and Square Savings were designed to do.
Available at no cost to eligible Square sellers, Square's banking tools help businesses manage cash flow, build savings, and access funds faster without the fees and limitations often associated with traditional business banking.
Free Business Checking Built for Square Sellers
Square Checking includes:
No monthly maintenance fees
No minimum balance requirements
No overdraft fees
A dedicated business checking account
Account and routing numbers
Mobile check deposit
A Square Debit Card
FDIC insurance up to applicable limits
Unlike many traditional business checking accounts, Square Checking is designed specifically for businesses that process payments through Square.
Get Access to Your Sales Faster
One of the biggest advantages of Square Checking is instant access to your Square sales.
Instead of waiting one, or even up to three business days for deposits to arrive at your bank, funds from eligible Square transactions are generally available immediately in your Square Checking account.
That means faster access to inventory, supplies, payroll, equipment purchases, and everyday operating expenses.
For businesses that closely manage cash flow, having access to money sooner can be a significant advantage.
Automatic Savings Without Extra Work
Building a business savings account sounds easy.
Actually remembering to move money into savings is another story.
Square Savings can automatically transfer a percentage of your sales into savings, helping businesses consistently build reserves for taxes, inventory purchases, equipment upgrades, slow seasons, and unexpected expenses.
The process happens automatically in the background, making it easier to develop healthier financial habits without additional work.
Earn Interest on Your Business Savings
Money sitting in a traditional checking account often isn't doing much for your business.
Square Savings allows businesses to earn interest on funds set aside for future expenses while keeping those funds available when needed.
Whether you're building a tax reserve, saving for new equipment, or creating a financial cushion, your savings can continue working for you while they sit.
Instant Transfers Between Accounts
Square Checking and Square Savings are designed to work together.
Businesses can move funds between checking and savings instantly, making it easy to save money when sales are strong and access those funds when needed.
It's a simple feature that gives business owners greater flexibility and control over their cash flow.
One Connected Business Ecosystem
Square's banking tools are fully integrated with the rest of the Square platform.
Payments, point of sale, checking, savings, reporting, debit card access, financing options, online sales, appointments, loyalty, and marketing tools can all work together within a single ecosystem.
Instead of managing multiple providers, businesses can streamline operations and financial management through one platform.
Why Businesses Are Taking a Closer Look at Square
Square is no longer just a payment processor.
With free business checking, automatic savings tools, instant access to eligible sales, interest-earning savings accounts, and a fully integrated platform, Square offers businesses new ways to improve cash flow and simplify financial management.
And now, through HCS, businesses can get local installation, training, and ongoing support alongside the Square platform.
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Over the next several weeks, we’ll continue taking a closer look at how Square works across different industries, along with other tools, integrations, and workflows businesses use every day.