I do not see the option in QuickBooks Online to set up instant deposit. What are the eligibility requirements?

Hello there, jonboudreaux.
 

Instant deposit feature is now available in QuickBooks Online (QBO). If you have a QuickBooks Payments account, you can request an instant deposit to collect customer payments into your bank account in just a few minutes. I'm here to share with you the details.

First, I recommend following these steps to request an instant deposit. You can do it before 3 PM PT to get your money on the same day. After 3 PM PT, the system process any remaining payments at the normal speed.

1. Go to the Sales, then select Deposits.
2. Click on Get it now in the instant deposit section.
3. Review the total and associated fees.
4. When you're ready, select Get it now.

Once done, you’ll see the money in your bank account in minutes. It may take up to 30 minutes depending on your bank. Also, an email notification will be sent to you after the amount is deposited.

Aside from that, you can also set an automatic or schedule instant deposits for certain days of the week. I'm adding this link as your reference: Get instant deposits in QuickBooks Online.

Just in case you're running into issues while working with instant deposits in the future, you can check out the troubleshooting steps provided from this article as your guide in fixing the errors: Get help with instant deposits.

Don't hesitate to reply if you have follow-up questions or concerns about this. I'm more than willing to assist you. Take care and have a happy weekend!

Hello,

Thank you for your reply. When I go to Sales > Deposits, I do not see an "Instant Deposit" section or anything that mentions instant deposit.

Perhaps once I make a sale, I need to go into QBO and request it then? Is that what I'm doing wrong?

Let me clarify things for you about setting instant deposit, @jonboudreaux.

Since you already have a QuickBooks Payment and QuickBooks Checking account, you should be able to get instant deposits.

Then add your debit card to QuickBooks Online. QuickBooks uses your debit card to deposit the money into your checking account. It must be a Visa or Mastercard connected to your checking account at your bank or credit union.

Here's how:

1. Sign in to QuickBooks Online.
2. Proceed to Get paid & pay and select Deposits.
3. Click Get set up in the instant deposit banner.
4. Follow the onscreen steps and enter your debit card info.
5. When you get the confirmation code, enter it to verify the account.

To request a one-time instant deposit, here are the steps, you need to take: 

1. Go to Get paid & pay and choose Deposits.
2. Click Get it now in the instant deposit section.
3. Review the total and associated fees.
4. Once you're ready, select Get it now.

Take note that you’ll see the money in your bank account for up to 30 minutes, depending on your bank. You'll also get an email after we successfully deposit the amount.

For more insights, you may also review this article: Get instant deposits in QuickBooks Online. It covers some steps on how to see your available funds. 

Additionally, I've attached a link you may find relevant if you encounter an issue with an instant deposit.

Keep me posted if you have concerns managing your instant deposit in QuickBooks. I'll be happy to help you. Take care!

Hello,

When I go to the deposits page, I do not have an instant deposit banner displayed. There is no instant deposit banner and no "Get set up" button.

Screenshot attached.

Hello there, jonboudreaux. Thanks for adding a screenshot.

Since you have a QuickBooks Payments account and QuickBooks Checking account, make sure you're using the Visa or Mastercard when connected to your checking account at your bank or credit union. This way, you'll be able to proceed with the Get set up option and accomplish your tasks. 

If it persists, please contact our Payment Support Team. They can check your account status and ensure you'll be able to start viewing your funds and be able to follow the steps given in the article.

1. Go to the Help icon.
2. Select Contact us.
3. Follow the on-screen instructions to complete the process.

Still, I'll be sharing these links for your reference:

• Get instant deposits in QuickBooks Online.
• Get help with instant deposits.

Please add another post if you need more help with QuickBooks. Stay safe, jonboudreaux.