The Square Business Checking & Debit Small Business is a fintech account from Square Business Checking & Debit. The annual fee is $0. The ongoing APR is N/A (Debit/Checking). Rewards: Earn 1% back on Square processing fees when you make purchases for your business.. Cash back: 1% back on Square processing fees when you make purchases for your business.. Typical credit limit: N/A (debit). Funding speed: get funds instantly through Square Checking.. Loan terms: All loans are issued by Square Financial Services, Inc. Actual fees depend upon payment card processing history, loan amount and other eligibility factors.. Free business checking for Square sellers. Instant access to sales. No credit check. Savings account with competitive APY. Best for retail and restaurant owners using Square. | PG verification: Square Business Checking does not require a personal guarantee, which is consistent with the information available.