What does SQ mean on a bank statement?

Updated: April 10, 2023
6 min read
What does SQ mean on a bank statement?
by Bridget Stivenson
Tech Expert & Writer
Checked by
Quality Control team

Your bank statement's "SQ" letters are not a bad sign. They mean that the merchant you buy from uses Square company transaction services.

Before we start

Save your time and let professionals resolve your issue in minutes!
Want to start solving your problem immediately? Experienced Howly troubleshooters can fix your issue ASAP. They’re already waiting for you in the chat!

The benefits you’ll get while troubleshooting your issue with Howly experts:

    • Qualified help with laptops HDD
    • Quick advice right in your device 24/7/365
    • Expert reply within 60 seconds
    • Clear step-by-step guidance
    • Limitless number of follow-up questions
    • Understanding and empathetic help till your laptop HDD issue is fully resolved
    • All answers you need in one place

This article will help you understand what to do if a charge needs clarification. Howly's paramount tech specialists prepared it with all their expertise in scamming protection. If you seek more solutions, contact our support center 24/7.

Identify the Square purchase

Small businesses, like food trucks, pop-up stores, and independent contractors, frequently use Square because it's cheap and easy. Charges in your billing in such stores appear differently, but they always start with gosq.com or SQ on bank statement. For instance:

  • the bakery Sweet Doughnut is identified as SQ*SWEET DOUGHNUT BAKERY;
  • a baker without a company name is listed as SQ*BAKERY PEG JOHNS;
  • a person selling baked goods is marked as SQ*PEG JOHNS.

Remember where you were on the transaction date and what you might have bought. Do the following if you do not recognize the merchant's name on your bill.

What to do if you don't recognize a merchant?

You may likely face credit card theft if you don't recognize your statement's merchant name linked to the Square charge. Contact your bank to notify them of the fraudulent charge and request it back. Your credit card provider will investigate the transaction and try to fix the problem.

Furthermore, it's vital to routinely check your credit report and monitor your credit card receipts.


What is a Square?

As a payment processing company, Square enables businesses to take in-store bank card payments.

Does the squ*sq* charge on the bank statement indicate fraud?

The scam is probable if you don't identify the merchant linked with the charge. Notify your bank immediately for them to take action.

How can I protect myself against frauds?

Check your credit card statements frequently for any odd activity, and check your credit report. In case of fraud, contact your bank and ask for a chargeback.

Summing up

A Square charge denotes a transaction completed through the Square payment gateway. There may be fraud if the seller who charged is unfamiliar to you. Immediately contact your credit card provider and take precautions against additional fraud.

Contact our tech team if you need a detailed consultation on bank fraud. We are open 24/7 for you.

Howly expert is ready to help you with your Website problem


Invalid Date
Really helpful!
Invalid Date
I think it's important for everyone to know what Square charges are, as they are becoming more and more common these days.
Invalid Date
Never though os what is SQ in my bills. Now I know. Thanks.
Invalid Date
Good job)
Invalid Date
I liked the article, thanks!
Invalid Date
It's reassuring to know that if you suspect fraud, your credit card company will investigate and work to resolve the issue.
Invalid Date
Nice work!
Invalid Date
It's really cool to see how technology is changing the way we pay. Glad Square exist.
Invalid Date
This article is a great resource for anyone who has questions about Square charges on their credit card statement.
Invalid Date
I wish I had read this article sooner - I spent so much time trying to figure out what Square charges were.
Invalid Date
It's important to monitor your credit card statements for any signs of fraud.
Invalid Date
Thank you!
Invalid Date
I've seen a lot of Square charges on my credit card statement, so it's good to finally know what they are for.
Invalid Date
I appreciate the post. Thank you.
Invalid Date
Square charges are typically legitimate and not signs of fraud.
Invalid Date
I had no idea what Square was before reading this article, so thank you for explaining it.
Invalid Date
This article helped me to understand Square charges on my credit card statements.

Write a comment

Trusted & Secured

We use cookies to improve your browsing experience on our site, show personalized content and targeted ads, and analyze site traffic.
More info