Small businesses need greater control over their cash flow now more than ever, so QuickBooks is rolling out new instant deposit* features for its Payments and Checking customers. This will make it easier than ever for small businesses to access their cash.
Now, QuickBooks Users with QuickBooks Payments** and QuickBooks Checking can sign up more easily for instant deposit. Rather than providing debit card information each time they need immediate access to their cash, they can enter bank account details just once.
These QuickBooks Users can determine which deposits they want to be processed via instant deposit and receive up to $25,000 daily. In addition, users can save even more time by setting a schedule of automatic instant deposits.
Instant deposits are available 24/7, even on holidays and weekends, to keep QuickBooks Users’ cash flowing for payroll or other expenses. Instant deposits to QuickBooks Checking accounts are sent at no additional fee*.
If a QuickBooks User wants their instant deposit sent to a bank account other than their QuickBooks Checking account, they will pay a 1% per transaction fee*.
This new Instant deposit feature requires no long-term commitment.
Footnotes and Disclosures
*-Instant Deposit is an additional service offered by QuickBooks Payments subject to eligibility criteria, including delayed eligibility for new users and availability for only some transactions and financial institutions. The service carries a 1% fee in addition to standard rates for ACH, swiped, invoiced, and keyed card transactions. This 1% fee does not apply to payments deposited into a QuickBooks Checking account. Deposits are sent to the financial institution or debit card that you have selected to receive instant deposits. Scheduled instant deposits are run automatically; QuickBooks checks for eligible funds up to 5 times per day. Non-scheduled instant deposits are sent within 30 minutes. Transactions between 2:15 p.m. (PST) and 3:15 p.m. (PST) are excluded and processed the next day. Deposit times may vary due to third-party delays. (Reprint of Official Intuit QuickBooks Instant Deposit Disclosure)
**-QuickBooks Payments account subject to eligibility criteria, credit and application approval. Subscription to QuickBooks Online is required. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. (Reprint of Official Intuit QuickBooks Payments Disclosure)
As used herein, QuickBooks, QuickBooks Online, QuickBooks Instant Deposit and QuickBooks Payments refer to one or more registered trademarks of Intuit Inc., a publicly-traded corporation headquartered in Mountain View, California.
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