| Term | Detail |
|---|---|
| Initial term | Month to monthSquare (opens in a new tab) · Contract or terms · No minimum term: you can close the account at any time by calling Customer Service. |
| Early termination fee (ETF) | You can close the account at any time by calling Customer Service, and closing costs $0. The bank can also close or suspend it at any time; the remaining balance can be sent to you by check.Square (opens in a new tab) · Contract or terms · |
| How the ETF is calculated | The terms don't set an early termination fee. |
| Right to raise prices | The bank can add to, delete or amend the agreement at any time without notice, subject to the law, by posting the new version on Square's website; using the card means you accept it (terms, section 40).Square (opens in a new tab) · Contract or terms · |
| Trial period | Not researched yet |
Example: leaving in month 12
With our reference profile (Reference: $6,000 cash a month in 12 deposits, 60 transactions, 12 months), the estimated early termination fee would be $0. Your contract may differ: use the calculator with your numbers.
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.