Square announced new Square Banking tools that give sellers instant access to their cash flow and free, easier ways to manage their earnings. Business owners can conveniently sign up for a Square payments account and a free Square Checking¹ account in just minutes through one streamlined application—right on Square’s website and point of sale app. In addition, Square Savings accounts now feature new personalized savings recommendations, informed by cash flow data and industry insights, to make it easy for sellers to organize their funds into folders for key expenses like taxes and supplies. Business owners can now open a square checking account when they sign up for square payments to get instant, 24/7 access to sales revenue. Sellers using Square’s free business savings account will also get personalized savings recommendations to help them easily allocate funds into folders dedicated to their top expenses and investment goals. This new feature uses a seller’s own cash flow data and industry-specific insights derived from the savings patterns of similar sellers within Square’s ecosystem to make these recommendations. And with Square Savings, there are no monthly fees, service or transfer fees, or minimum balance requirements to worry about. In, addition, sellers enjoy: Competitive 1.00% APY to maximize their money, earning more than 2x the national average on funds set aside; Round-the-clock access to their account, with free instant transfers to the Square Checking for immediate use; and FDIC insurance up to $2.5M. With solutions for banking, payroll, invoicing, and inventory management all working seamlessly together within the Square ecosystem and integrated directly into the flow of payments, sellers can stay on top of their finances and get a clear, real-time view of their business activity through a unified dashboard. With Square Banking, sellers save an average of 44 hours a month by not waiting for traditional bank transfers to settle. And the average customer satisfaction (CSAT) score for Square Banking is 86 percent, more than 20 percent higher than the average CSAT scores of the most popular primary banking institutions in the U.S.