QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner , Green Dot Bank.
Frequently asked questions
Do I need a QuickBooks Online account to use QuickBooks Cash?
Yes, you’ll need a QuickBooks Online account in order to use QuickBooks Cash and Payments. After you sign up for QuickBooks Online, QB Cash and Payments application process as well as GD`s involvement. Should incorporate the following: “QuickBooks Cash Account opening is subject to identity verification and approval by Green Dot Bank. QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank”.
Is the QuickBooks Cash account FDIC insured?
Yes, the account is provided by Green Dot Bank, FDIC member. The account and any money in envelopes are FDIC insured to the standard $250,000 limit.
Do I need a QuickBooks Cash account to use Envelopes?
Yes, you’ll need to be approved for a QuickBooks Cash account before you can use Envelopes. Envelopes is a QuickBooks Cash account feature that lets you set aside funds from your QuickBooks Cash balance for expenses or investments. You can use the Cash Flow Planner to create custom forecasts without a QuickBooks Cash account.
How do I get money into my QuickBooks Cash account?
You have a couple of options: Get paid through QuickBooks. If you have QuickBooks Payments, and a customer pays an online invoice from you, the money goes right into your QuickBooks Cash account. Add a funding account from one of your existing banks. You’ll need to add the routing and account numbers and verify the account. Once you do that, you can transfer money in and out of the main QuickBooks Cash account.