Key benefits and features of Shopify Balance
Shopify Balance is designed to streamline your business finances and help you to make informed money decisions. This financial management tool offers faster payouts, zero fees, and other benefits.
Shopify partners with Stripe, Inc. and affiliated companies, and financial institution partners, including Celtic Bank and Evolve Bank & Trust, Member FDIC, to offer money transmission, banking, and issuing services.
On this page
- Complete financial visibility
- Earn APY rewards on your money
- Earn cashback on spending
- Enhanced financial management
- Faster Payouts
- Get a custom card for your business
- Mobile accessibility
- Physical and virtual business spending cards
- Skip the fees
- Safeguard your money
- Tax simplification
- Visa benefits available with your Shopify Balance card
Complete financial visibility
Shopify Balance is a free business financial account built right into your Shopify admin. You can use Shopify Balance to gain a comprehensive view of your business finances with Shopify Balance's comprehensive dashboards, filters, and reports.
Earn APY rewards on your money
Shopify rewards you with an Annual Percentage Yield (APY) on all funds held in your Balance account. This reward accrues daily, compounds monthly, and is credited to your Balance account.
Earn cashback on spending
Earn up to $2,000 USD cashback on all eligible purchases per calendar year with your free spending card.
Enhanced financial management
Open up to 5 additional accounts within Shopify Balance to organize your funds effectively. From managing bills and taxes to tracking inventory and more, stay on top of your finances with Shopify Balance.
Faster Payouts
Receive money from your Shopify sales up to 7 days earlier than a bank. Payouts from Shopify Payments to your Shopify Balance account can take between 1 to 3 business days. This may be up to 7 days earlier than a bank. Payouts from Shopify Payments to an external bank account can take up to 5 days. Banks may also take up to 3 additional days to process transfers. Time frames vary by financial institution.
Get a custom card for your business
Receive a virtual card instantly and order a free physical card customized with your business name.
Mobile accessibility
Stay connected to your finances and manage your accounts from anywhere, at any time, with the Shopify Balance mobile app.
Physical and virtual business spending cards
Shopify Balance provides both physical and virtual business spending cards, allowing you to earn cashback and exclusive rewards on your everyday business purchases.
Skip the fees
Enjoy no monthly fees, transfer fees, or hidden fees, along with no minimum balance requirements. Shopify doesn’t charge any ATM withdrawal fees, but you may be charged by an ATM provider.
Safeguard your money
Certain deposits are eligible for FDIC insurance for up to $250,000 USD. Review the Balance Terms of Service to confirm eligibility.
Tax simplification
Automate your tax processes by setting aside sales tax and syncing transactions with your preferred accounting software.
Visa benefits available with your Shopify Balance card
Your Shopify Balance card gives you access to the following Visa card benefits:
- Auto rental coverage for damage due to collision or theft
- Roadside assistance
- Travel and emergency assistance service
- Cardholder Inquiry Service
- Emergency card and cash disbursement
- Lost or stolen card reporting
Learn more about Visa benefits.