Square · Square Privacy Notice · View original document ↗

Data Retention After Account Closure

Medium severity Rare · 5 of 343 platforms
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Document Record

What it is

Square retains your personal and financial data for a period after you close your account, citing legal, regulatory, and business purposes.

This analysis describes what Square's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Closing your Square account does not immediately delete your data; Square may retain your financial records and personal information for extended periods.

Consumer impact (what this means for users)

Square collects extensive personal and financial data, including transaction history, device identifiers, and inferred characteristics, and shares this with affiliates, service providers, and advertising partners. Your financial and behavioral data may be used for targeted advertising and cross-context behavioral profiling, which can feel intrusive and may affect what products and services you are shown. You can opt out of the sale or sharing of your personal information for targeted advertising by visiting Square's privacy preferences page or submitting a request through their privacy portal.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Delete Your Data
    Submit a data deletion request through Square's privacy portal; note that legally required records may still be retained even after your request is fulfilled.

Cross-platform context

See how other platforms handle Data Retention After Account Closure and similar clauses.

Compare across platforms →

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ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

Extended post-closure data retention must be justified under applicable legal bases including GLBA record-keeping requirements and state financial regulations; compliance teams should assess whether retention periods are proportionate and documented in data retention schedules.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB oversees financial data retention practices for payment processors and financial service providers like Square.
    File a complaint →

Provision details

Document information
Document
Square Privacy Notice
Entity
Square
Document last updated
May 5, 2026
Tracking information
First tracked
March 20, 2026
Last verified
March 20, 2026
Record ID
CA-P-00363002
Document ID
CA-D-00363
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
9d83d848d882a5e950e856f1056ea2d1d77853b0de3d7e35096e101db5f72361
Analysis generated
March 20, 2026 05:41 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Square
Document: Square Privacy Notice
Record ID: CA-P-00363002
Captured: 2026-03-20 05:41:13 UTC
SHA-256: 9d83d848d882a5e9…
URL: https://conductatlas.com/platform/square/square-privacy-notice/data-retention-after-account-closure/
Accessed: June 10, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

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Frequently Asked Questions

What does Square's Data Retention After Account Closure clause do?

Closing your Square account does not immediately delete your data; Square may retain your financial records and personal information for extended periods.

How many platforms have this type of clause?

ConductAtlas has identified this type of provision across 5 platforms. See the full comparison.

Is ConductAtlas affiliated with Square?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Square.