How does my interest money in envelope savings get paid out?

It's a good thing that you use envelopes for specific purposes or general savings, tyler-toads-plum. I know how to help you take the money out of your envelope.

Once you're ready to use the money in an envelope, you need to transfer it to your QuickBooks Checking account first. Here's how you can do this in QuickBooks Online (QBO):
 

1. In QuickBooks Checking, go to the Envelopes section.
2. Select the envelope you want to take money out of.
3. Click Send money and enter the amount you want to take out of your envelope.
4. Ensure the correct envelope is selected in From.
5. In the To field, select your QuickBooks Checking account.
6. Enter the amount you want to take out of your envelope, select Next, then select Done when the transfer request finishes.

In QuickBooks Money:

1. Go to Banking, then the envelope you want to take money out of.
2. Select Transfer money, then Transfer out.
3. Enter the amount you want to take out in Amount.
4. Select QuickBooks Checking in From.
5. Make sure the correct envelope is selected in From then select Next.
6. Select Finish transfer, then Done when the transfer finishes. 
    

For QuickBooks Money Mobile, select Continue when the transfer finishes.

Once your money is back in your QuickBooks Checking account. You can use it to pay for your goal, move it to a connected account, or put it in another envelope.

Also, here's a handy guide for managing your envelopes, where you can see your transfers and interest paid in the Recent Activity section: Create envelopes to set your funds aside.

Additionally, check out our Smart sales tax envelope if you want to start saving for taxes.
 

We’re just one post away if there's anything else you need help with regarding envelopes or any QuickBooks-related concerns. Have a great day, tyler-toads-plum.