Bitcoin as everyday money

More ways to save, spend, and grow
— on your terms

Chapter 1 | Chapter 2 | Chapter 3 | Chapter 4 | Bitcoin as everyday money

Bitcoin as everyday money

Every business manages money differently. Some want faster payments, others want to cut down on fees, and many are looking for ways to set aside savings that will hold value over time. Bitcoin adoption won’t look the same for everyone, and that’s the point. With Square, it’s flexible, integrated, and ready whenever you are.

You can start by accepting Bitcoin Payments and instantly converting them to USD, or you can set aside a portion of your sales through Bitcoin Conversions. You can hold bitcoin in your Square Bitcoin Wallet or continue to use Square Savings and Checking for everyday needs. The choice belongs to you — and to your customers.

As more customers and businesses embrace bitcoin, you’ll already have the tools in place, built into the same platform you trust to run your business today.

As the future of money evolves, Square empowers you to take part in that evolution on your own terms, while staying focused on what matters most: growing your business.

Chapter 1 | Chapter 2 | Chapter 3 | Chapter 4 | Bitcoin as everyday money

1. Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.00% per folder on folder balances over $10. APY subject to change, current as of 2/18/2025. No minimum deposit is required to open an account. Accounts will not be charged monthly fees. Accounts are FDIC-insured up to $2,500,000. Pending balances are not subject to FDIC insurance.

The rate of our savings account is more than 2x the national average of 0.41% APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of 1/21/2025

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. 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. Checking Accounts are FDIC-insured up to $250,000.

2. Block, 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. See Terms and Conditions.

¹ 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.

² Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard.

³ 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. Fund availability times may vary due to technical issues.

Chapter 1 | Chapter 2 | Chapter 3 | Chapter 4 | Bitcoin as everyday money

5 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.

3. Block, 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. See Terms and Conditions.

Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard.

⁴ 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.

4. Square Bitcoin is not offered to NY Sellers or non-US Sellers. Availability subject to change and regulatory approval. Bitcoin’s value is volatile and can change quickly. Bitcoin transactions are irreversible and may experience occasional delays or payment failures. Bitcoin services are provided by Block, Inc., licensed where required. Block, Inc. operates in NY as Block of Delaware and is licensed to engage in virtual currency business activity by the NYDFS.