Deposit a check over $10k with QuickBooks online checking

Good day, sgin. Establishing a limit to how much you can process through QuickBooks (QB) Checking was implemented to avoid financial risks. It ensures your transactions are secured and protected from fraud and other related issues. Let me provide additional information regarding this.

The daily transaction limit is up to $10,000 per check or day. Then, $30,000 per week. Moreover, there's no direct option for QuickBooks to increase the limit. However, there's a possibility that you'll be eligible for a limit raise based on your transaction history or credit score with no specific timeframe.

Alternatively, you can manually deposit the amount directly to your physical bank. Then, process a transfer once posted on the external bank linked to QB Checking. To proceed, kindly follow the steps below.

1. Navigate to  Lending & Banking, then QuickBooks Checking.
   
2. Pick Transfer and then Transfer money.
3. Enter the amount you want to transfer.
4. Choose the external bank account in the drop-down list beside From ▼.
5. Select your QB Checking account in the drop-down list for To ▼.
6. Once done, click Next.

For additional reference regarding this process, kindly review these links:

• Use your QuickBooks Checking account.
• Transfer funds instantly with QuickBooks Checking.

I've also added this article that answers the most commonly asked topics about QuickBooks Checking: QuickBooks Checking FAQs.

I'm still here if you have follow-up questions about QuickBooks Checking or need a hand handling your funds or transactions. Just hit the Reply button, and I'll promptly assist you every step of the way.

@Ivan_G  RE: To process a check higher than the standard limit of  $10k, you'll need to request a limit increase directly from our QuickBooks (QB) Checking support, sgin.

I've never heard of such a thing. Why would any bank limit the amount of money you can deposit? That makes zero sense.

It would guard against kiting if they didn't hold the checks for about a week.  Otherwise, I'm sure there is a reason it benefits them and not us.  Now that we can't have 5% APR, I think I am done with QBO checking.  It's not worth the hassle any longer.

@RWHM  The OP didn't write anything about kiting. They are trying to deposit a check into their QuickBooks bank account. 

A $10,000 daily deposit limit is very common.  Remember, this is mobile deposit.  Many banks are even lower than that.  Our business bank accounts at a local bank also have a $10,000 daily limit.   

I've never heard of a daily deposit limit, but I don't do mobile deposit. I still don't see the point, though. The bank could always make part of the deposit available - or none of it - until it actually clears the issuing bank. Which would be just like other deposits, depending on your bank balance.

So, I suppose then the OP needs to find an ATM to deposit the money. QuickBooks online checking does have ATM's, right?

There's certainly a reason why there's a daily/monthly mobile deposit limit, but I don't know what it is.  You'd have to ask someone in the banking industry.  Mobile deposit is a wonderful feature.  Why drive to the bank or ATM to make a < or = $10K deposit when you can snap a couple of photos at your desk?     

IMO, any business that receives physical payments from customers (checks, cash) needs a local bank/branch.  No reason you can't have a checking account with a local bank and as many online banks as you want to take advantage of their generally better interest rates.  Deposit locally if over $10K and make online transfers to other online-only accounts as desired.    

Mine is $100,000 per day at Regions, and they turn around the availability by the next day.  QBO keeps it about a week before it is available, which is more than adequate time to run it through the  ACH system and fully ensure the check is legit.  They could at least give us the opportunity to raise it a bit by having a good history with them.  They miss out on all of my big deposits.

@RWHM 

"They could at least give us the opportunity to raise it a bit by having a good history with them. They miss out on all of my big deposits."

Great points.

@Rainflurry  RE: IMO, any business that receives physical payments from customers (checks, cash) needs a local bank/branch.

Yes, it seems no one should try to use the QuickBooks bank as their sole bank account. But then what's the point of having it in the first place?

@BigRedConsulting 

"But then what's the point of having it in the first place?"

The higher interest rate (3% currently) and no fees regardless of balance.  The lion's share of business checking accounts pay 0% interest.  We use a local bank for deposits and carry a small balance, but use online banks for the bulk of the balance because of the higher interest rates.  For businesses that carry large balances, the interest income can be significant, but they may not be right for all businesses.