Thanks for becoming part of the Community, bilal AHMED. I appreciate your detailed information.
With QuickBooks Payments, customer payments can be deposited into any standard business, personal checking, or savings account based in the United States. Your direct deposit account must be transactional, which means Intuit can put money in, and take fees out when necessary, without limitations.
Here's a list of accounts you can't deposit to:
- PayPal
- Lines of credit
- Credit card checks
- Paper draft accounts
- Mutual fund accounts
- Government accounts
- Any non-transactional account
- Routing numbers used for wire transfers
You can find detailed steps for updating your direct deposit account in our Change the deposit bank account for QuickBooks Payments article. This resource covers how to update your account in QuickBooks Online and QuickBooks Desktop.
When it comes time to categorize and reconcile your transactions, you can consider taking a look at QuickBooks Live Expert Assisted. This service helps with best practices and guidance on getting the most out of your books.
If there's any additional questions, I'm just a post away. Have a great Thursday!
