QuickBooks payments just got better. If you are already a QuickBooks Payments customer, the change has happened and you don’t need to do anything.
If you need a payments processor, now is a great time to take a look at QuickBooks Payments and call Peak Advisers at (303) 801-4772 to get started.
Beginning the week of April 12, 2021, deposits for bank transfer (ACH) payments will go to your account the next business day, according to Intuit.
It’s great news! No more waiting for days for your funds to be available.
The processing fee for next-day ACH deposits is 1% (max $10) per transaction. Transactions below $1,000 will get a fee of 1% and transactions of $1,000 and above will be charged a flat fee of $10.
Payments processed before 3:00 PM PT arrive at your bank the next business day (excluding weekends and holidays). Later payments arrive at your bank the business day after.
There's nothing you need to do—everything has been handled already.
Why is this happening?
Many of you have been asking us for faster funding options to help you better predict and manage cash flow. We've invested heavily in providing ways to make funds available faster and are now rolling out the benefit of next-day ACH to all QuickBooks Payments customers. The ability to access funds faster and automatically reconcile payments in QuickBooks can help you save time so you can focus more on growing your business.