Learn how you can get next-day deposits for credit card and bank transfer (ACH) payments.
Want to get paid sooner? Here’s how to speed up how long it takes for credit card and ACH payments to clear.
How can I get next-day deposits?
If you signed up for QuickBooks Payments after 5/21/2019, you can get next-day deposits with ACH and credit card payments.
When you set up QuickBooks Payments, you should automatically get credit card payments deposited the next day.
If you signed up for QuickBooks Payments before 5/21/2019, you still get next-day deposits. Your credit card payments are next-day, but you need to upgrade to get your ACH deposits to next-day. You can check if you’re eligible to upgrade:
- Go to Settings ⚙, then select Account and Settings.
- Select the Payments tab.
- If you're eligible for next-day deposits, select Upgrade in the Deposit Speed section.
You can start getting next-day deposits once you get a confirmation email. You will see it from email@example.com. It has your business’s name and a message that includes “Say hello to next-day deposits.”
When should I start to see my deposits?
If you signed up for QuickBooks Payments before 5/21/2019, you should see credit card deposits next business day. You will see ACH deposits the next business day after upgrade. You just need to sign up.
If you signed up for payments after 5/21/2019, you’ll see your first credit card deposit within 4 to 5 days after your first payment has been processed. The first deposit takes a little longer to establish your merchant account. After you see your first credit card deposit, you should see the rest of your payments the next business day.
If you take an ACH payment, you’ll receive your deposits within 5 days for the first 1 to 4 weeks from the time you sign up for QuickBooks Payments. This process takes a little longer to establish your merchant account. Once your merchant account has been established and you become eligible, you'll receive an email telling you have next-day ACH deposits. If you can't find the email, you can check your deposit speed.
Does it matter what time of day I process a payment?
Yes. You need to process payments before the end of the business day, or 3 PM PT, to see your payments the next business day. Any payments you process after 3 PM PT go into your account within two business days.
What are the costs of next-day deposits?
QuickBooks charges 1% of the total deposit up to $10 for each ACH payment. These fees are debited from your bank account the same day your money is deposited into your account.
There are no extra fees for next-day credit card deposits besides the normal transaction fees.