Does QB Cash automatically assign itself as the account that receives funds? Are there no fees charged to receive payments and transfer from QB cash?

It’s great to see you in the Community, barrywbrewer.

When you’re approved for QuickBooks Payments, you get a QuickBooks Cash account and a debit card. It's a monthly fee-free checking account within QuickBooks where all of your customer payments get deposited.

It keeps your money like any other bank account. Also, there aren’t any fees when you transfer funds.

In regard to the fees, I recommend you get in touch with our Payments Support Team. They can provide detailed information about the charges for each transaction. Click here to get the contact details.

Let me share these articles for future reference. These resources contain detailed information on how the QuickBooks Cash account works. From there, you’ll see the complete instructions on how to set up the account and answers to common questions about the feature.

• Learn more about QuickBooks Cash accounts and the Cash Flow menu
• Use your QuickBooks Cash account

If there’s anything else I can help you with, feel free to visit the Community. I’m always ready to lend a helping hand. Enjoy the rest of the day.

So, I tested QB Cash and it charges an outrageous fee of 1%. 

The advertising is intentionally deceptive.

Really sick.