Square Financial Services, Inc.
Expanding access to financial services for businesses and consumers
Square Financial Services, Inc. (SFS) is an FDIC-insured industrial bank focused on increasing access to the economy through innovative financial products. As part of Block’s ecosystem, SFS combines the reliability of traditional banking with modern technology to provide transparent, accessible financial services to those often underserved or overlooked by the traditional financial system.
Our approach leverages near real-time data and advanced technology to make smart lending decisions, enabling us to serve businesses and consumers who may struggle to access credit through conventional means. Whether it’s helping small businesses grow through Square Loans, providing consumers with flexible short-term borrowing through Cash App Borrow, or offering secure savings solutions to businesses through Square Savings, we're building a more inclusive financial system.
Our Products
Aligned with Block's purpose of economic empowerment, Square Financial Services, Inc. operates products for businesses and consumers including:
Cash App Borrow
Short-term consumer loans
- Easy repayment structure
- One flat fee
- Quick access for eligible customers
Square Loans
Business loans tailored to business needs
- Quick application process without long forms
- No interest, instead one flat fee
- Businesses get money instantly
Square Savings
FDIC-insured business savings accounts
- Earn 3.5% APY on balances of $10K+, 1% APY on other balances
- No monthly fees
- Automated savings
Square Loans and Cash App Borrow are loans issued and serviced by Square Financial Services, Inc. Loans are not deposits and are not insured by the FDIC. All loans are subject to credit approval.
Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.00% based on your total savings balance (inclusive of all folders and accrued unpaid interest). You may qualify for an increased APY of 3.50% if your total savings balance (inclusive of all folders and accrued unpaid interest) is at least $10,000. See Square Savings Deposit Account Terms and the Interest Rate Chart for more information. APY subject to change, current as of 6/8/2026. No minimum deposit is required to open an account. Accounts will not be charged monthly fees. The Square Savings deposit sweep program distributes your funds among multiple FDIC-insured partner banks, meaning your eligible savings deposits have FDIC insurance coverage of up to $2.5 million. Pending balances are not subject to FDIC insurance.
Impact by the numbers
Square Financial Services, Inc.
Expanding access to financial services for businesses and consumers
Square Financial Services, Inc. (SFS) is an FDIC-insured industrial bank focused on increasing access to the economy through innovative financial products. As part of Block’s ecosystem, SFS combines the reliability of traditional banking with modern technology to provide transparent, accessible financial services to those often underserved or overlooked by the traditional financial system.
Our approach leverages near real-time data and advanced technology to make smart lending decisions, enabling us to serve businesses and consumers who may struggle to access credit through conventional means. Whether it’s helping small businesses grow through Square Loans, providing consumers with flexible short-term borrowing through Cash App Borrow, or offering secure savings solutions to businesses through Square Savings, we're building a more inclusive financial system.
Our Products
Aligned with Block's purpose of economic empowerment, Square Financial Services, Inc. operates products for businesses and consumers including:
Cash App Borrow
Short-term consumer loans
- Easy repayment structure
- One flat fee
- Quick access for eligible customers
Square Loans
Business loans tailored to business needs
- Quick application process without long forms
- No interest, instead one flat fee
- Businesses get money instantly
Square Savings
FDIC-insured business savings accounts
- Earn 3.5% APY on balances of $10K+, 1% APY on other balances
- No monthly fees
- Automated savings
Square Loans and Cash App Borrow are loans issued and serviced by Square Financial Services, Inc. Loans are not deposits and are not insured by the FDIC. All loans are subject to credit approval.
Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.00% based on your total savings balance (inclusive of all folders and accrued unpaid interest). You may qualify for an increased APY of 3.50% if your total savings balance (inclusive of all folders and accrued unpaid interest) is at least $10,000. See Square Savings Deposit Account Terms and the Interest Rate Chart for more information. APY subject to change, current as of 6/8/2026. No minimum deposit is required to open an account. Accounts will not be charged monthly fees. The Square Savings deposit sweep program distributes your funds among multiple FDIC-insured partner banks, meaning your eligible savings deposits have FDIC insurance coverage of up to $2.5 million. Pending balances are not subject to FDIC insurance.
Impact by the numbers
Average business loan size*
Average consumer loan size**
in savings balances***
Average business loan size*
Average consumer loan size**
in savings balances***
In the community
Economic empowerment begins with access. Since our launch in 2021, we’ve prioritized lending to small businesses across the country, especially those in low- and moderate-income communities, rural areas, and historically marginalized populations. We're supporting the communities we serve with financial access and opportunity through thoughtful lending, meaningful partnerships, and intentional investments.
Since 2021, we’ve:
- Funded billions in small business loans, with a strong focus on low- and moderate-income communities and entrepreneurs from underrepresented backgrounds.
- Invested nearly $30 million in community development initiatives supporting affordable housing, small business development, and financial empowerment programs across the country.
- Committed more than $3 million in capital to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) that expand access to financial solutions for underserved communities.
- Launched an annual non-profit grant program in partnership with the Community Foundation of Utah, providing direct support to mission-driven organizations advancing economic inclusion, affordable housing and small business success in our assessment area.
- Delivered hands-on financial education programs for youth, emerging entrepreneurs, and community leaders in collaboration with grassroots partners.
This is just the start. As we grow, so does our commitment to closing the economic opportunity gap. Whether it’s expanding access to credit, increasing financial education, or partnering with grassroots organizations doing critical work, we’ll continue to invest in people and communities.
Latest News
In the community
Economic empowerment begins with access. Since our launch in 2021, we’ve prioritized lending to small businesses across the country, especially those in low- and moderate-income communities, rural areas, and historically marginalized populations. We're supporting the communities we serve with financial access and opportunity through thoughtful lending, meaningful partnerships, and intentional investments.
Since 2021, we’ve:
- Funded billions in small business loans, with a strong focus on low- and moderate-income communities and entrepreneurs from underrepresented backgrounds.
- Invested nearly $30 million in community development initiatives supporting affordable housing, small business development, and financial empowerment programs across the country.
- Committed more than $3 million in capital to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) that expand access to financial solutions for underserved communities.
- Launched an annual non-profit grant program in partnership with the Community Foundation of Utah, providing direct support to mission-driven organizations advancing economic inclusion, affordable housing and small business success in our assessment area.
- Delivered hands-on financial education programs for youth, emerging entrepreneurs, and community leaders in collaboration with grassroots partners.
This is just the start. As we grow, so does our commitment to closing the economic opportunity gap. Whether it’s expanding access to credit, increasing financial education, or partnering with grassroots organizations doing critical work, we’ll continue to invest in people and communities.
Latest News
FAQs
Disclosures
Please click the link to access Square Financial Services, Inc. lending privacy notice.
Square, the Square logo, Square Financial Services Inc., Square Capital, LLC, and others are trademarks of Block, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Block, Inc.
Block, Inc. is a financial services platform and is not an FDIC insured depository institution. Banking services are provided by Block, Inc.’s affiliate, Square Financial Services, Inc. and other bank partners. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured depository institution and subject to conditions being met.
Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.00% based on your total savings balance (inclusive of all folders and accrued unpaid interest). You may qualify for an increased APY of 3.50% if your total savings balance (inclusive of all folders and accrued unpaid interest) is at least $10,000. APY subject to change, current as of 6/8/2026. 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.
Square Loans and Cash App Borrow are loans issued and serviced by Square Financial Services, Inc. Loans are not deposits and are not insured by the FDIC. All loans are subject to credit approval.
block.xyz/square-financial-services provides information about and access to accounts and financial services provided by Square Financial Services, Inc. and its affiliates in the United States. This is not, and should not be construed as, an offer, invitation, or solicitation to buy or sell any of the banking or financial products mentioned herein to individuals outside of the United States.
Terms, conditions and fees for accounts, products, programs and services are subject to change. Not all accounts, products, and services as well as pricing described here are available in all jurisdictions or to all customers. Your eligibility for a particular product and service is subject to a final determination by Square Financial Services, Inc. and its affiliates.
* as of September 2025
** as of September 2025
*** as of December 2024
FAQs
Disclosures
Please click the link to access Square Financial Services, Inc. lending privacy notice.
Square, the Square logo, Square Financial Services Inc., Square Capital, LLC, and others are trademarks of Block, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Block, Inc.
Block, Inc. is a financial services platform and is not an FDIC insured depository institution. Banking services are provided by Block, Inc.’s affiliate, Square Financial Services, Inc. and other bank partners. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured depository institution and subject to conditions being met.
Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.00% based on your total savings balance (inclusive of all folders and accrued unpaid interest). You may qualify for an increased APY of 3.50% if your total savings balance (inclusive of all folders and accrued unpaid interest) is at least $10,000. APY subject to change, current as of 6/8/2026. 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.
Square Loans and Cash App Borrow are loans issued and serviced by Square Financial Services, Inc. Loans are not deposits and are not insured by the FDIC. All loans are subject to credit approval.
block.xyz/square-financial-services provides information about and access to accounts and financial services provided by Square Financial Services, Inc. and its affiliates in the United States. This is not, and should not be construed as, an offer, invitation, or solicitation to buy or sell any of the banking or financial products mentioned herein to individuals outside of the United States.
Terms, conditions and fees for accounts, products, programs and services are subject to change. Not all accounts, products, and services as well as pricing described here are available in all jurisdictions or to all customers. Your eligibility for a particular product and service is subject to a final determination by Square Financial Services, Inc. and its affiliates.
* as of September 2025
** as of September 2025
*** as of December 2024