thread Re: Savings account in Banking With Square

Savings account

mustardseed21 — Sun, 21 Sep 2025 06:01:49 GMT

I really want to start a square savings account so I can set aside a percentage of my sales without thinking about it. However, when I apply it says my business isn’t eligible right now. I’ve been with Square for about a year and a half. Could it be because I have an active loan?

Re: Savings account

Doran — Tue, 27 Feb 2024 21:27:43 GMT

I don't think the loan has anything to do with it but I'm not 100% sure on that. I know I started by getting the Square Debit Card first and then I got the checking and savings account.

Look at your seller information tab and make sure your tax id and address are all up to date and nothing is flagged in there also.

Re: Savings account

mustardseed21 — Sat, 02 Mar 2024 06:26:24 GMT

Thank you for your reply! I looked through my information and don’t see anything out of the ordinary. I’ll try calling support to see what’s going on.