square savings account fee?

[sgrem]

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

[JK_Fiber_Art]

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.

[Lovewell]

@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.

[sgrem]

Thank you