thread square savings account fee? in Banking With Square

square savings account fee?

sgrem — Sun, 21 Sep 2025 06:02:03 GMT

Is it true that each withdrawal from your square savings account to your bank account has a 1.75% charge?

Re: square savings account fee?

JK_Fiber_Art — Tue, 09 Jan 2024 22:07:46 GMT

Hi Sgrem,

I believe it depends on the method or choice of transfer options:

* If you simply do the standard option which is next day transfer - there's no fee. Note, this can take 1 to 2 "business days", assuming it's not the weekend and/or a holiday.

* If you signed up for instant transfer - fee is 1.75%

* If you opted for same day transfer per your custom automated schedule - fee is 1.75%

At least this is the info I could dig up - perhaps other members have some additional thoughts.

Re: square savings account fee?

Lovewell — Tue, 09 Jan 2024 22:37:01 GMT

@sgrem On my savings I do not see any fees. I do see a 1.75% APR on balances but I am not seeing any transfers fees for transfers we have done.

Re: square savings account fee?

sgrem — Thu, 11 Jan 2024 16:49:02 GMT

Thank you