Yes, you're limited to only one deposit account with QuickBooks Payments at a time, Truemant. I'll provide more details below.
However, you can change the bank account designated for your QB Payments each time you want to deposit into a different account. This method manually updates the account settings before proceeding with transactions intended for the new account. While this requires additional steps, it's an effective way to manage deposits across multiple bank accounts while utilizing QB Payments.
For insights and answers to frequently asked questions about managing deposits through QuickBooks Payments in QuickBooks Online (QBO), refer to the article: Common questions about QuickBooks Payments deposits in QuickBooks Online.
If you need further clarification or have more questions about managing multiple deposit accounts with QuickBooks Payments, please don't hesitate to reply below. We're here to help you in making the most of QBO for your financial management needs.