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Personal Finance · head to head

Square Cash vs Fidelity

S

Square Cash

Personal Finance

Send money easily with Square Cash

From
Free
Rated
-
Full reviewWebsite
Fidelity logo

Fidelity

Personal Finance

Building a better financial future

From
On request
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: 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; Fidelity options trades carry a 0.65 USD per contract fee on top of zero commission
  • They diverge on capability: Square Cash covers Money transfers, Fidelity covers Commission-free trading.

Where they differ

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

Attributes where Square Cash and Fidelity differ
AttributeSquare CashFidelity
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
PlatformsIOS, AndroidWeb, IOS, Android
Founded20141946

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

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 Square Cash

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

Only in Fidelity

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

Square Cash

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

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

Where each one falls short

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

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

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

Pricing, plan by plan

Square Cash

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

Fidelity

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

Which should you pick?

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

Choose Fidelity if

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

Questions people ask

Is Square Cash or Fidelity better?
Neither clearly leads. Square Cash starts at Free and Fidelity at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Square Cash or Fidelity?
Square Cash has a free tier; the other does not. Paid plans start at Free for Square Cash and On request for Fidelity.
Does Square Cash or Fidelity run on more platforms?
Square Cash runs on IOS, Android. Fidelity runs on Web, 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 Square Cash best used for?
Square Cash is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Fidelity is typically brought in for.
What can Square Cash do that Fidelity cannot?
Square Cash covers Money transfers, Instant deposits, Transaction history, Customer support. Fidelity covers Commission-free trading, Retirement planning, Advisory services, Research tools. Both handle Bank accounts, IOS support, Android support.
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Related pages

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