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medphor
Level 1

Merchant funds deposit was returned - Name on bank account on file didn't match merchant account name

Recently updated the banking info on my merchant account to my wife's banking information as she is a company owner as well. Only problem is the merchant account is in my name, not my wife's, so her bank declined the funds and it was sent back to my merchant account. I have since updated the banking info to one that matches the name and company name on file just in case.

 

Just wondering what happens now? I only just got the notification this morning stating the funds were declined by the bank, so it has not been reflected on my QB merchant account yet.

 

Am wondering if it will get disbursed automatically into the new bank account on file once it's returned? Or do I have to reach out to support in the next few days to find out what's next?

 

Thanks

1 Comment 1
Maybelle_S
QuickBooks Team

Merchant funds deposit was returned - Name on bank account on file didn't match merchant account name

I want to ensure this is taken care of, @medphor.

 

To fix this, I'd suggest contacting our Merchant Services Care Team. This way, they'll be able to verify the cause of the issue.

 

Here's how to reach out to them:

 

1. Go to Contact Payments Support.

2. Get the phone number from your chosen QuickBooks Online with Payments & Merchant Service Center.

 

If you have other tasks that you need to take care of, I'd recommend browsing our help articles. They contain guides and details about customers, vendors, etc... Go to our general support page, look for a topic, then open a specific article that fits your situation. To change the product, simply select another under the Topics for section. 

 

The Community will always have your back if you need anything else in running QuickBooks. Wishing you and your business continued success.

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