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gladys-garavito
Level 1

How do I transfer money from QB cash deposit account to my bank account?

 
1 Comment
Angelyn_T
QuickBooks Team

How do I transfer money from QB cash deposit account to my bank account?

Hi Gladys.

 

Thank you for reaching out to us here on the Community page!

 

You can connect your bank account to QuickBooks Cash to transfer the amount to and from your QuickBooks Cash account. Connecting an external account to QuickBooks Cash is separate from online banking. You may need to set up an account you already linked for online banking a second time for QuickBooks Cash.

 

  1. Go to the Cash Flow menu.
  2. In the QuickBooks Cash section, select Transfer money.
  3. Select Transfer in. You won't transfer money yet, the system just needs to start the connection.
  4. Follow the onscreen instructions.
  5. Enter the bank's name and select a type in the Account Type field. Then select Next.
  6. Enter your info in the Account number and Routing number fields. Then select Next.
  7. When you're ready to connect, select Sounds good.

 

QuickBooks will send two small deposits to the account within the next 3 days. After you get the confirmation email, come back to QuickBooks to verify the transactions.

 

Here's how:

 

  1. Choose the verify link in the email. Or sign in to QuickBooks Online.
    1. Go to the Cash Flow menu.
    2. Click on Verify bank.
    3. Some banks don't require verification. Instead, you can just select Add to connect your bank.
  2. Enter the two deposit amounts sent from QuickBooks. The order doesn't matter.
  3. When you're ready, select Confirm.

 

Once done, here's how you can transfer money from QB Cash to your bank account:

 

  1. Click on Transfer money from the Get or send money dropdown.
  2. In the From field, select your QuickBooks Cash account.
  3. In the To field, select the (+).
  4. Select your connected bank account.
  5. Enter the amount you wish to move out of your QuickBooks Cash account.
  6. When you're ready, select Finalize transfer.

 

If you want to deposit an amount into your QB Cash account or pay bills using this account, you can check out the steps from this article: Use your QuickBooks Cash account.

 

Moreover, here's how you can categorize your QuickBooks Cash transactions.

 

For more tips and resources while working with QuickBooks and your banking transactions, you can also open the topics from our help articles. Here's the link: Find QuickBooks help articles for QBO.

 

Please let me know how else I can help you with transferring funds from and to your QuickBooks Cash account. I'm always here to help. Have a good one!

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