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Find out when QuickBooks Payments deposits your money

As you process transactions throughout the day, we group them and send them to your bank account. The cut-off time for deposits is 3 PM PT. Payments processed after 3 PM PT go into the next day’s deposit.

Credit card charges take 2-3 business days to reach your bank. Bank transfers can take 2-7 business days. These may vary depending on the following factors:

  • Time of day you enter transactions
  • Weekends and federal holidays
  • Financial institution you choose your transactions to be deposited to
  • How long it takes for your bank to verify and process electronic deposits
Business day Close of Day (PT) Arrives in your bank account
Monday Monday, 3 PM Tuesday
Tuesday Tuesday, 3 PM Wednesday
Wednesday Wednesday, 3 PM Thursday
Thursday Thursday, 3 PM Friday
Friday Friday, 3 PM Monday
Saturday Saturday, 3 PM Monday
Sunday Sunday, 3 PM Monday

If you're wondering where your money is, you can search for deposits in the Merchant Service Center.

Here's what's happening behind the scenes after a credit card charge is processed:

  1. Authorization - The amount is authorized against the cardholder's account to confirm they have the credit. (In cases where the amount is unusually large or as an added level of security, you may be prompted to telephone for authorization. Your call goes into the credit card voice authorization center, a central processing hub. But, it's the cardholder's issuing bank that actually authorizes or declines a transaction.)
  2. Settlement - The charge amount is actually submitted for payment later that day, when the charge is batched (submitted to the bank for settlement). We do this for you automatically. At this time funds can actually start to move between accounts.
    Note: During settlement, your bank may notify you that we sent funds to your account. This doesn't mean that your bank actually cleared the funds. Merchant Service Center shows the deposit status as Pending. When your bank tells us that your deposit cleared, the status changes to Funded.
  3. Funding - The money arrives in your bank account. You usually receive payment within two business days.
If you void a transaction prior to batching, the authorization for that amount remains, placing a hold on the customer’s credit card for around 7-10 days (or up to 30 days, depending on the policies of the cardholder’s issuing bank).

However, we may delay a deposit. Learn more about delayed deposits.