Does Shopify Balance charge monthly fees?

No. Shopify Balance generally does not charge monthly account fees.

Shopify Balance is designed as a business financial account for eligible Shopify merchants, and it typically does not include a monthly maintenance fee for maintaining the account. Merchants can use the account to receive Shopify payouts, hold business funds, make payments with the Shopify Balance card, transfer money, and manage business finances without a recurring monthly account charge.

What this means for merchants

With Shopify Balance, merchants can typically:

• Receive Shopify payouts into the Balance account

• Hold and manage business funds

• Use the Shopify Balance card for eligible business purchases

• Transfer money between accounts

• Organize funds into different Balance accounts for taxes, payroll, savings, or operating expenses

without paying a standard monthly maintenance fee for the account itself.

Other costs may still apply

Although Shopify Balance generally does not charge monthly fees, merchants should still be aware that certain transactions or services may have fees or limitations depending on the specific feature, banking partner, or region. Examples can include optional financial services, currency conversion costs, or other charges associated with particular transactions or third-party services.

Overall, Shopify Balance generally does not charge monthly account fees, making it a fee-free business account option for many eligible Shopify merchants.