Shopify Balance
- $0 monthly fees or minimum balance3
- $0 transfer fees3
- 3.16% or higher APY reward with no limits1
- Get paid as fast as the next business day2
- Quick and easy online application
Shopify Balance
Manage funds.
Earn rewards.
Simplify your finances.
Shopify Balance is the all-in-one financial account built to support your business. Spend, save, transfer, receive, and earn with ease.
Earn APY rewards on every dollar in your Balance account1
Get payouts as fast as the next business day2
Skip the monthly and transfer fees, and minimum balance3
Organize your finances with up to 6 free accounts
Shopify partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust and Fifth Third Bank, Members FDIC. Shopify Balance Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank pursuant to a license from Visa U.S.A. Inc.
Financial management
The business account optimized for commerce
Balance has features and rewards designed to help your business stay ahead.
Rewards & growth
Business finances
Get paid faster
Receive store payouts up to 7 days faster than a bank.2
Simplify taxes
Easily set aside sales tax and sync accounting software.
Skip the fees
No monthly or transfer fees, and no minimum balance.3
APY Rewards
Multiply your profits
All the money in your Balance account earns an annual percentage yield (APY)* reward that compounds over time‚ no minimum or maximum limits on your account balance.
3.16%
Basic, Shopify, and Advanced plans
4.2%
Plus plan
The calculator is for illustrative purposes only. It assumes no rate changes and that your account balance at year 1 and all APY accrued remains in Shopify Balance.
*Shopify provides a reward in the form of an annual percentage yield (APY) on the money you hold in Shopify Balance, and it is not interest. The rate is variable, subject to change without notice, and accurate as of December 2, 2024. The reward accrues daily, and is compounded and paid monthly in the form of a credit to your Balance account.
Manage your money where you make it
Open up to 6 free accounts
Organize your earnings, spending, savings, sales tax, and more—all in one place.
Make money moves
Deposit and withdraw funds, transfer money between accounts, and pay business expenses.
Understand your finances
Get a comprehensive view of your business finances with dashboards, filters, and reports right in your admin.
“Before Shopify Balance, my finances were all over the place. Shopify Balance helps streamline everything and keep my finances organized.”
Kristi Tu, Owner – Boba Bao Slimes
Safeguard your earnings
Trust your finances to the same partner that helps your business thrive.
Peace-of-mind coverage
Your Balance account is eligible for pass-through FDIC insurance up to $250,000.4
Instant access to card locking
Lock and unlock your cards from your admin or the Shopify mobile app.
Support when you need it
Reach out to our support team via live chat 24/7.
Cashback Rewards
Spend the way you like
Use your Balance Visa® card for everyday purchases—in person or online.
Earn rewards you can use
Get 2% cashback on business must-haves and exclusive partner perks you can’t say “no” to.5
Get a custom spending card
Receive a virtual card instantly and order a free physical card customized with your business name.
Spend wherever Visa® is accepted
Pay bills, make business purchases, and withdraw cash at thousands of ATMs worldwide.3
Get more with Shopify Balance
Traditional Banks6
- $20 monthly fees or $3K minimum balance on average
- $25 transfer fees on average
- 0.01% or higher APY with possible limits
- Payouts may take up to 7 more business days
- May require in-person application
Exclusive features for Shopify Plus plans
Balance adds even more value to your business when you’re on Shopify Plus.
4.20% APY reward
All your funds in Balance—including deposits—earn a reward of 4.43% annual percentage yield.1
The fastest payouts
Access store profits in one business day by default, so you can start earning or spending ASAP.2
Up to $1M transfers
Get daily transfer limits customized to your business, up to $1,000,000.7
Shopify Balance
The account that keeps up with your business
Resources
Get started with Shopify Balance
Learn how to manage your Shopify Balance account, card, and mobile app.
Maximize cash flow with Shopify Finance
Here's how to get the most value out of your built-in finance suite.
5 tips for business money management
Get expert tips on streamlining money management for your business.
More from Shopify Finance
Designed to work with Balance
Shopify Credit
A pay-in-full Visa® business card with up to 3% cashback on eligible expenses and 10 months to pay your statement balance.8
Shopify Bill Pay
An efficient way to schedule, pay, and manage business expenses without subscription fees.9
Shopify Tax
Automated calculations, nexus tracking, and filing to take the stress out of sales taxes.
Frequently asked questions
- Shopify partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust and Fifth Third Bank, Members FDIC. Shopify Balance Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank pursuant to a license from Visa U.S.A. Inc.
- 1.Shopify provides a reward in the form of an annual percentage yield (APY) on the money you hold in Shopify Balance, and it is not interest. The rate is variable, subject to change without notice, and accurate as of December 2, 2024. The reward accrues daily, and is compounded and paid monthly in the form of a credit to your Balance account.
- 2.For stores on the Basic, Shopify, or Advanced plans, Shopify Payments payouts are deposited in your Balance account within 5 business days, but most merchants will receive payouts within 1-3 business days. For stores on the Plus plan, payouts are deposited the next business day by default. Payout speed may be subject to change without notice.
- 3.Shopify Balance has no monthly or transfer fees. Shopify doesn't charge ATM withdrawal fees, but you may be charged by an ATM provider.
- 4.Shopify Balance accounts are eligible for pass-through FDIC insurance up to $250,000 USD per depositor through Evolve Bank & Trust and Fifth Third Bank, Members FDIC. Stripe Treasury Accounts are eligible for FDIC pass-through deposit insurance if they meet certain requirements. The accounts are eligible only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same type of account (business versus personal, and so on). Neither Stripe nor Shopify are an FDIC insured institution and the FDIC’s deposit insurance coverage only protects against the failure of an FDIC insured depository institution.
- 5.Earn up to $2,000 USD cashback on all eligible purchases per calendar year. This cashback limit may not apply to Shopify Partner offers. Learn more about cashback rewards in the Shopify Help Center.
- 6.Traditional bank accounts are comprised of publicly available data from select business bank accounts of the top three largest US banks by assets.
- 7.Transfer limits are subject to change without notice.
- 8.Shopify Credit Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank pursuant to a license from Visa U.S.A. Inc. See Issuing Bank Terms and Shopify Credit Program Terms.
- 9.Shopify Bill Pay has no subscription fees. Other transaction fees may apply.