**Product Information:
QuickBooks Payments: QuickBooks Payments required to use Money by QuickBooks account. QuickBooks Payments account subject to eligibility criteria, credit and application approval. QuickBooks Payments’ Merchant Agreement applies.
Money by QuickBooks account: Money by QuickBooks account opening is subject to identity verification and approval by Green Dot Bank. Banking services provided by and QuickBooks Visa Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. Money by QuickBooks Deposit Account Agreement applies. QuickBooks products and services, including QuickBooks Payments and Same Day Deposit, are not provided by Green Dot Bank. Debit account is not a savings account.
FDIC insured up to $250,000: Money by QuickBooks account funds are FDIC-insured up to the allowable limits through Green Dot Bank, Member FDIC upon verification of Cardholder’s identity. Coverage limit is subject to aggregation of all of Cardholder’s funds held on deposit at Green Dot Bank.
**Features:
National average interest rate: The average interest rate is based on the Federal Deposit Insurance Corporation’s national rate published the week of November 30, 2020. Learn more
Fee-free ATM withdrawals: Fee-free ATM access applies to in-network AllPoint ATMs only (up to 4 withdrawals per statement cycle). For out-of-network ATMs and bank tellers, a $3 fee will apply, plus any additional fees charged by the ATM owner or bank. See app for fee-free ATM locations.
Free ACH transfers: Personalized card required. Subject to your bank’s restrictions and fees. Limits, qualifications and enrollment requirements may apply.
Same Day Deposit: Same Day Deposit allows you to have near-real time deposits sent to you on a predetermined daily schedule (up to 3x a day, Monday through Sunday, including holidays). Same Day Deposit is an additional service offered by QuickBooks Payments subject to eligibility criteria, for no extra fee for Money by QuickBooks users. Money by QuickBooks payment request fees apply for ACH and card transactions. Once batched, eligible deposits will be sent to your Money by QuickBooks account, and will be available in up to 30 minutes. For transactions after 9:00 PM PST, funds will be eligible for deposit the following morning. Deposit times may vary for third party delays.
Annual Percentage Yield: Annual percentage yield: the annual percentage yield (“APY”) is accurate as of LAUNCH DATE HERE and may change at our discretion at any time. The APY is applied to deposit balances within your Money by QuickBooks account. We use the average daily balance method to calculate interest on your account. See Money by QuickBooks Deposit Account Agreement for terms and conditions.
No monthly fees: Other fees and limits apply to the business bank account. See Money by QuickBooks Deposit Account Agreement for details.
Bill Pay: Bill Pay services powered by Melio with funds held by Evolve Bank & Trust or Silicon Valley Bank (members of the FDIC and the Federal Reserve).
Money by QuickBooks Mobile App: Free to download and no monthly subscription fee. Available on iOS and Android only.
Terms, conditions, pricing, special features, and service and support options for QuickBooks products and services, including but not limited to QuickBooks Payments and Same Day Deposit are subject to change without notice.
Payment processing fees apply for ACH and card transactions.
1. Over 7 million small businesses use QuickBooks: Based on number of global QuickBooks subscribers as of Jan 2020.
