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info-pennypetpro
Level 1

I transferred money to my other bank and the fee was $77 is that right?

 
4 Comments 4
LieraMarie_A
QuickBooks Team

I transferred money to my other bank and the fee was $77 is that right?

Hi there, @info-pennypetpro.

 

To clarify, are you using QuickBooks Checking account? I'd appreciate any additional information you can share with me. This will help me provide the correct information about the fees for transferring money. 

 

Looking forward to hear from you soon.

info-pennypetpro
Level 1

I transferred money to my other bank and the fee was $77 is that right?

Yes transfer from QB checking account to my other business account.  I transferred 1K and the fee is $77. That seems out of wack 

info-pennypetpro
Level 1

I transferred money to my other bank and the fee was $77 is that right?

I transferred 1K to my other checking account and the fee was $77 that seems out of wack. 

Charies_M
Moderator

I transferred money to my other bank and the fee was $77 is that right?

It's my pleasure to assist you today, info-pennypepro.

 

There are various fees that you may encounter. These fees will depend on how the payment is processed.

 

To become more familiar with the different fees for QuickBooks Payments, check out this article: What are the fees for QuickBooks Payments?

 

You can also check our QuickBooks Payments website for the latest processing fee rates and pricing.

 

However, I still suggest reaching out to our Payments support to verify the exact reason. Click the link and get the number under QuickBooks Online with Payments & Merchant Service Center.

 

If you want to know about recording payments and processing fees for QuickBooks Payments, you can follow the steps below:

 

  1. Go to the Gear icon at the top, then select Account and Settings.
  2. Select Payments from the menu.
  3. In the Chart of Accounts section, select the pencil (edit) icon.
  4. From the "Where do you want to record payments?" drop-down, choose the correct bank account.
  5. From the "Where do you want to record processing fees?" drop-down, choose the proper expense account for tracking processing fees.
  6. Select Save.

Know more about the process stated above in this article: Choose where to record payments and processing fees for QuickBooks Payments

 

If you have other questions about QuickBooks Payments, you may want to visit this page to find answers: QuickBooks Payments FAQ.

 

Please let me know if you have other concerns while managing bank transfers. I'm just around to help. Take care always.

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