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tim98
Level 1

There’s quite a delay between transactions clearing in my bank and QuickBooks picking up these transactions. Up to 48 hours. Any way to improve this?

Bendigo bank is my bank and funds are cleared at least 24-48 hours before QB picks up that the transactions exists even with continually pressing sync.
3 Comments 3
AlcaeusF
Moderator

There’s quite a delay between transactions clearing in my bank and QuickBooks picking up these transactions. Up to 48 hours. Any way to improve this?

Thank you for posting here in the Community, @tim98.

 

Let me provide some clarifications about connecting your bank in QuickBooks Online.

 

The duration of downloading transactions into the system will depend on your financial institution. The bank data is usually available for QuickBooks to download the day after it posts to your bank's website.

 

I've also included some articles in case you need more ideas about how the process works, as well as some instruction on importing bank transactions:

 

Drop me a comment below if you have any other questions. I'll be happy to help you some more.

garreth
Level 1

There’s quite a delay between transactions clearing in my bank and QuickBooks picking up these transactions. Up to 48 hours. Any way to improve this?

I have the same issue with Westpac.

Does anybody have a good experience with any of the banking institutions.

This is clearly not good enough when financial transactions across the world are at an ever increasing speed. 

 

Garreth

Catherine_B
QuickBooks Team

There’s quite a delay between transactions clearing in my bank and QuickBooks picking up these transactions. Up to 48 hours. Any way to improve this?

Hello there, Garreth.

 

QuickBooks automatically downloads the latest available transactions every night around 10 PM PT. However, your bank information sharing process may lead to some delay in updating transactions sometimes. It will still depend on the clearing time of your bank. 

 

You can as well manually update it to refresh the bank from downloading transactions. 

  1. From the Banking menu or Transactions menu, go to the Banking tab.
  2. Click the bank.
  3. Select Update.

My colleague also shared how to handle bank transactions. 

 

If you need anything else, just let me know. Take care!