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Transfer funds instantly with QuickBooks Checking

SOLVEDby QuickBooks1Updated 1 month ago

Learn how to transfer funds with QuickBooks Checking in minutes.

Instant transfers give eligible customers the option to send money using a linked debit card within 30 minutes including weekends and holidays. Fees, limits, and holds may vary based on the Deposit Account Agreement ‌or the receiving bank. 

Note: Instant transfers are not yet available in the QuickBooks or QuickBooks Money mobile apps.

Step 1: Set up instant transfers

You can link up to 10 active Visa or Mastercard debit cards from your US bank or credit union for instant transfers. At this time, you can't remove, or edit previously added debit cards.

QuickBooks Online

  1. Sign in to QuickBooks Online.
  2. Go to Lending & banking.
  3. Go to QuickBooks Checking and select Send money.
  4. Select Instant transfer.
  5. Follow the prompts to add your debit card.
  6. Enter the confirmation code.

QuickBooks Money

QuickBooks Money:

  1. Sign in to QuickBooks Money.
  2. Go to Banking.
  3. Select Send money.
  4. Select Instant transfer.
  5. Follow the prompts to add your debit card.
  6. Enter the confirmation code.

Step 2: Send money instantly

Funds in QuickBooks envelopes will need to be transferred to the main QuickBooks Checking account balance before getting started.

QuickBooks Online

  1. Go to Lending & banking.
  2. Go to QuickBooks Checking and select Send Money.
  3. Select Instant transfer.
  4. Enter the amount you want to transfer from QuickBooks Checking.
  5. Select the debit card for where you want the money to go.
  6. Review the transfer amount and fees.
  7. When you’re ready, select Finish transfer.

QuickBooks Money

  1. Go to Banking.
  2. Select Send Money.
  3. Select Instant transfer.
  4. Enter the amount you want to transfer from QuickBooks Checking.
  5. Select the debit card for where you want the money to go.
  6. Review the transfer amount and fees.
  7. When you’re ready, select Finish transfer.

Step 3: Review instant transfers history

QuickBooks will show the transfer amount with a separate line item for the fees. The receiving bank account will show the instant transfer deposit amount with the fees already taken out. Review the transaction detail on the QuickBooks Checking page for details.

FAQ

The fee for instant transfers is 1.5% of the total amount transferred. This fee doesn't include the regular fees for QuickBooks Payments account.

No. Once the transfer is started, it can't be stopped or reversed.

  • A single transaction can't be more than $5,000. 
  • You can make up to 5 transfers in a rolling 7-day period. 
  • You can transfer up to $5,000 per day, or up to $10,000 in a rolling 7-day period.

To view your account limits, go to Lending & banking, select QuickBooks Checking , and then select Manage.

For other ways to use the money directly from your QuickBooks Checking account, learn how to get set up and Use your QuickBooks Checking account.

Disclaimer: QuickBooks and Intuit are a technology company, not a bank. Lending & banking are provided by our partner, Green Dot Bank.

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