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Fidelity vs Square Cash

Fidelity logo

Fidelity

Software

Building a better financial future

From
On request
Rated
-
Full reviewWebsite
S

Square Cash

Software

Send money easily with Square Cash

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Square Cash has a free tier, so it costs nothing to try first.
  • Each has a real cost: Fidelity options trades carry a 0.65 USD per contract fee on top of zero commission; Square Cash cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing
  • They diverge on capability: Fidelity covers Commission-free trading, Square Cash covers Money transfers.

Where they differ

Only the attributes on which Fidelity and Square Cash actually diverge.

Attributes where Fidelity and Square Cash differ
AttributeFidelitySquare Cash
Starting priceOn requestFree
Pricing modeltransactionfree
Free tierNoYes
PlatformsWeb, IOS, AndroidIOS, Android
Founded19462014

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Fidelity

  • Commission-free trading
  • Retirement planning
  • Advisory services
  • Research tools
  • Investment accounts
  • Web support

Only in Square Cash

  • Money transfers
  • Instant deposits
  • Transaction history
  • Customer support

Both cover

  • Bank accounts
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Fidelity

  • Commission free trading of US stocks and ETFsnot Square Cash
  • Holding IRAs, 401(k) plans and taxable brokerage accountsnot Square Cash
  • Trading bonds, options and mutual funds from one accountnot Square Cash

Square Cash

  • Budget Managementnot Fidelity
  • Expense Trackingnot Fidelity
  • Investment Trackingnot Fidelity

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Fidelity

  • Options trades carry a 0.65 USD per contract fee on top of zero commission
  • Non Fidelity mutual funds carry a 49.95 USD transaction fee per purchase
  • Secondary market bonds cost 1.00 USD per bond, while new issues are free
  • A foreign settlement fee of 50 USD applies per trade
  • Margin rates are tiered by debit balance, from 11.825 percent below 25,000 USD down to 7.50 percent at 1 million USD or more, against a base rate of 10.575 percent effective 12 December 2025
  • Margin liquidation by the broker costs 32.95 USD per liquidation

Square Cash

  • Cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing

Pricing, plan by plan

Fidelity

On request
  • Brokerage$undefined/month
    • Commission-free trading
    • Research tools
  • Advisory$undefined/month
    • Personal advisor
    • Wealth management

Square Cash

Free
  • FreeFree
    • P2P transfers
    • Instant deposits
    • Mobile app

Which should you pick?

Choose Fidelity if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Fidelity review

Choose Square Cash if

  • You need money transfers.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want instant deposits.
Square Cash review

Questions people ask

Is Fidelity or Square Cash better?
Neither clearly leads. Fidelity starts at On request and Square Cash at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fidelity or Square Cash?
Square Cash has a free tier; the other does not. Paid plans start at On request for Fidelity and Free for Square Cash.
Does Fidelity or Square Cash run on more platforms?
Fidelity runs on Web, IOS, Android. Square Cash runs on IOS, Android.
Can I use Square Cash for free?
Yes. Square Cash has a free tier, so you can try it without paying. Fidelity starts at On request.
What is Fidelity best used for?
Fidelity is most often used for commission free trading of us stocks and etfs, holding iras, 401(k) plans and taxable brokerage accounts, trading bonds, options and mutual funds from one account. Of those, commission free trading of us stocks and etfs and holding iras, 401(k) plans and taxable brokerage accounts are not what Square Cash is typically brought in for.
What can Fidelity do that Square Cash cannot?
Fidelity covers Commission-free trading, Retirement planning, Advisory services, Research tools. Square Cash covers Money transfers, Instant deposits, Transaction history, Customer support. Both handle Bank accounts, IOS support, Android support.
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