This guide applies only to certain eligible Toast customers. Please note — Toast Checking† is currently in limited release with a select number of Toast customers and may not be available to you if you accessed this page from outside of your Toast Web back-end.

†Toast is not a bank. The Toast Checking Account is issued by Thread Bank; Member FDIC. The Toast Checking Account Debit Mastercard is issued by Thread Bank pursuant to a license from Mastercard Inc. and may be used anywhere Mastercard is accepted.

The Toast Checking Account is a checkless bank account that does not issue any physical or digital checks.

1. Log Into Toast Checking

To log in, visit the Financial Products page from your Toast Web back-end, select Toast Checking, and authenticate your account. You can visit your Toast Checking dashboard by clicking here.

2. Get the Most Out of Toast Checking

i. Start Earning Interest on Your Money

If you opened your first account on or after March 3, 2025:

Earn 2.50% APY (Annual Percentage Yield)* when your balances across your Toast Checking account and Jars are $15,000 or higher.
*Interest rate of 2.47% and Annual Percentage Yield (APY) of 2.50% for accounts with total balances of $15,000 or more is effective as of 3/3/2025. You will not earn any interest or APY if the total balance across your accounts is less than $15,000. The interest rates and APYs are variable and may change at any time. Fees may affect earnings on the account.

If you opened your first account before March 3, 2025:

Earn 2.62% APY (Annual Percentage Yield)** when your balances across all of your Toast Checking accounts and Jars are $25,000 or higher, or 2.42% APY when your balances are below $25,000.
**Interest rate of 2.40% and Annual Percentage Yields (APY) of 2.42% for accounts with balances below $25,000, and interest rate of 2.59% and APY of 2.62% for accounts with balances $25,000 or higher, are effective as of 12/19/2024. The interest rates and APYs are variable and may change at any time. Fees may affect earnings on the account.

ii. Deposit Funds to Your Toast Checking Account

Start earning interest by making your first deposit into your Toast Checking account.

ACH transfer

You can easily add funds via ACH (automated clearinghouse) — plus, there’s no fee for ACH transfers. There is a $25,000 daily ACH deposit limit, and a $100,000 total monthly ACH deposit limit. If you want to transfer more than these amounts, consider using a wire transfer.

Under Toast Checking, select Transfer money.
1. If you haven’t deposited money before, you can also select the Add funds button that appears on your Toast Checking Dashboard.
Link your bank’s information through Plaid.
Select the bank you just added.
Enter the amount you would like to transfer to your Toast Checking account.

Wire transfer

You can also wire money into your Toast Checking account. Note that inbound wire transfers have a $5 fee. There is also no dollar limit for domestic inbound wire transfers.

Find your Toast Checking account and routing numbers

Under your Toast Checking account, select the three dots ( ⋮ ) in the top right to view account details.

iii. Set Up Auto Savings for Your Card Sales Processed Through Toast

Take the manual work of depositing funds into your Toast Checking account out of your day-to-day. Maximize the return on your hard-earned sales by contributing a fixed percentage of your daily card sales processed through Toast into your Toast Checking account.

Auto Savings deposits into your Toast Checking account will occur each day after all other scheduled debits are withdrawn (e.g. card processing fees, Toast Capital Loan repayments, Easy Pay repayments, etc.).

On your Toast Checking dashboard, find the Toast Checking account or Jar that you want to set up or update Auto Savings for.
Under Auto Savings, select the Pencil Icon.
Select a desired percentage of daily sales you would like to have automatically deposited into your Toast Checking account.
1. It may take up to a day for Auto Savings to start working depending on your business’ payment capture and daily deposit settings.
2. This percentage is applied across all businesses associated with your business.

Your total Auto Savings percentage is displayed on your Toast Checking dashboard.

iv. Use Jars to Reach Your Budgeting and Savings Goals

Each Jar is a Toast Checking account that you can use for a specific purpose. Jars are a great way to help budget for operating expenses like payroll invoices and taxes, save for large purchases and business projects, and build a rainy day fund.

To open a Jar:

At the top of your Toast Checking dashboard, select Open a Jar.
Follow the instructions to personalize your new Account, set up Auto Savings, and deposit funds into your new Jar. Each Jar is a Toast Checking account, and the interest rate and annual percentage yield (“APY”) you earn is based on the total amount of deposits across all your Accounts with us.
All of your Jars will appear on your Toast Checking Dashboard.

v. Safeguard Your Toast Account With Multi-Factor Authentication (MFA)

MFA can help to protect your account by adding an extra layer of security to prove who you are when logging in. Visit this Toast Central article, Set Up Multi-Factor Authentication, for detailed instructions.

vi. Connect Toast Checking to QuickBooks

Log into the relevant Intuit product and select to connect a new bank account.
Within the directory, search for and select the Toast Checking account, and enter the mobile phone number associated with your account.
A verification code will be sent via SMS for you to authenticate your account.
Your Toast Checking information and other transaction data will be automatically published to Intuit.
1. Mint will pull 90 days of transaction history.
2. For Quickbooks, you can select a timeframe to import.
You can revoke Intuit's access to your account at any time.

vii. Start Using Your Debit Mastercard to Earn 1% Cash Back

Earn unlimited 1% cash back on eligible^ purchases! You can use your Toast Checking Debit Mastercard to make purchases in-store or online, or withdraw cash at any ATM displaying the Mastercard logo. You also can withdraw money fee-free at over 55,000 Allpoint ATM locations.

Once you receive your debit card, you can activate it by visiting your Toast Checking dashboard. You will be required to set a four-digit numerical PIN during the activation process.

If you didn’t receive your debit card within 10 business days of opening your Toast Checking account, please email us at toastchecking@toasttab.com to request a new one.

If you need assistance with your debit card, please email us at toastchecking@toasttab.com. For more information, visit these Debit Card FAQs or download your Toast Mastercard Debit Cardholder Agreement.

^Only purchase transactions processed through the Mastercard network are eligible for cash back rewards. Ineligible transactions include transactions that are not processed through the Mastercard network, cash withdrawals, peer-to-peer debit transactions, refunds, or any transaction that is not consistent with lawful use of your Toast Checking Account. We reserve the right to modify or terminate this rewards program at any time.

viii. Use Toast Checking With Toast Payroll

You can use a Toast Checking account to run payroll through Toast Payroll. To update your Toast Payroll bank account to a Toast Checking account or Jar of your choice, please follow the steps below.

Email toastchecking@toasttab.com to request a bank letter
1. Please include the name of the account and the last four digits of the account number. You can find this information on your Toast Checking dashboard.
Follow the instructions listed here: Toast Payroll: Change Company Bank Account On File.
1. Start by downloading and filling out the bank account update form listed in the article

Once these two documents are ready, please email them to payrollsupport@toasttab.com. The switch normally takes two or three business days and you will receive confirmation once the update has been made.

ix. Deposit Cash Easily

Find participating locations using the locator on your Toast Checking Dashboard.

Depositing cash at an Allpoint+ ATM

Find an Allpoint+ ATM near you with Allpoint’s ATM locator page here
Bring your Toast Checking Debit Mastercard with you and follow the on-screen instructions at the Allpoint+ ATM

Adding cash^^ at a retailer

Bring $20~$500 in cash and your Toast Checking Debit Mastercard to any participating retailer.
Hand your cash (plus any applicable retail service fee) to the cashier.
They’ll swipe your card and give you a receipt as proof of the completed transaction — simple as that!

Retail service fee up to $4.95 and limits on how much cash you can add at a retailer may apply. Keep the receipt as proof of your transaction. Funds will typically be available within 10 minutes.

3. Toast Checking FAQ

Visit our full Toast Checking FAQs here.

Is there a monthly fee?

There is no monthly fee for Toast Checking and there is no minimum balance required to avoid a fee.

How much does it cost to transfer funds to and from my account?

There is no fee for ACH transfers into or out of your account. For wire transfers, there is a fee of $5 for each inbound wire transfer. There is a fee of $25 for each outbound wire transfer.

Is there a maximum total Auto Savings percentage for Toast Checking?

There is no limit, but you cannot increase your Auto Savings percentage above 100%. The transfer will occur each day after all other scheduled debits are withdrawn (e.g. card processing fees, Easy Pay repayments, Toast Capital repayments, any Instant Deposits, etc.). If remaining funds after all scheduled debits are deducted equate to less than the percentage you set for your daily deposit transfer, all remaining funds will be swept to your Toast Checking account effectively reducing the % of daily sales diverted.

Here’s an example of how Auto Savings works:

Let’s say you you have 10% Auto Savings set up and $1,000 in card sales today, with the following scheduled debits:

- $30.00 in card processing fees
- $17.50 in Easy Pay repayments
- $52.50 in Toast Capital repayments

After these debits, you have $900 left to settle. Your 10% Auto Savings will be collected based on that amount, so $90 will be deposited into your Toast Checking account, and the remaining $810 will settle to your bank account on file with Toast.

Can I overdraft my Toast Checking account with a purchase?

No. We don’t currently offer overdraft protection. If you attempt a transaction for more money than you have in your primary Toast Checking account or Jar, it will get declined. Funds will not be pulled from other Jars or your primary Toast Checking account to cover the transaction. If you have an upcoming purchase or an automated payment from your Jar, it’s best to make sure your Jar has sufficient funding first.

4. Where to Get Support

Please reach out to toastchecking@toasttab.com if you encounter any issues or have questions. Our customer service hours are Monday - Friday between 9 a.m. - 5 p.m. ET.

^†Toast is not a bank. Banking services provided by Thread Bank; Member FDIC. The Toast Checking Account Debit Mastercard is issued by Thread Bank pursuant to a license from Mastercard Inc. and may be used anywhere Mastercard is accepted.