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When I receive a payment from a customer, how exactly does it work? Does it go straight into my bank account?

When I receive a payment from a customer, does the payment go straight into my bank account?
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When I receive a payment from a customer, how exactly does it work? Does it go straight into my bank account?

Hello there, office-prowindow,

 

If a customer made a payment through a credit card, it takes 1-2 business days to reach your bank. However, bank transfers (ACH) payments can take 2-5 business days. These also vary depending on the following factors:

  • Time of day you enter transactions.
  • Weekends and federal holidays.
  • Financial institution where transactions are deposited.
  • How long it takes for your bank to verify and process electronic deposits.

Furthermore, you can also check your deposit speed:

  1. Click the Gear icon.
  2. Select Account and Settings.
  3. Select the Payments tab.
  4. Review the Deposit Speed section.

This shows your deposit speed. Note: If you see a Learn more link, you can apply for next-day payments.

 

Check out this article for more information: Find Out When QuickBooks Payments Deposits Your Money.

 

I'll be right here if you have additional questions about payments in QuickBooks.

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