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February 19, 2025
Question

Getting Quickbooks checking and credit card processing

  • February 19, 2025
  • 2 replies
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We are a small business exploring alternative credit card processing options due to our current provider increasing rates and deducting a percentage of our received funds. We recently transitioned to QuickBooks Online, and I have been learning about QuickBooks Checking. Would you recommend it? Are there any monthly fees associated with it?

2 replies

FishingForAnswers
February 19, 2025

@Tours  QuickBooks' banking partner is GreenDot.

 

I would suggest searching for GreenDot in this community before taking this particular leap.

 

Users have had... quite a bit to say about it.

February 19, 2025

Certainly, you can consider using a QuickBooks Checking account, Tours. I will provide further information below.

 

When using instant deposits with QuickBooks Checking account, there is no extra fee involved. However, for other debit cards or bank accounts, a fee of 1.75% is charged in addition to regular transaction fees for processing transactions. The monthly fee for this account is waived, maintaining a $0 charge. Instant transfers are charged at 1.5% of the total transaction amount.

 

For in-network ATM withdrawals, you are allowed four free transactions per monthly statement cycle. Any further withdrawals within the same cycle attract a fee of $3.00 per transaction. Withdrawals from out-of-network ATMs incur a fee of $3.00 per transaction.
 
Teller cash withdrawals carry no fee, nor do out-of-network balance inquiries at ATMs. If your card is lost, stolen, or damaged, replacement cards are issued at no cost. Lastly, foreign transactions attract a 3% fee of the total transaction amount.

 

Please be aware that ATM operators may also impose a separate fee on top of our charges. This includes instances where a fee may be applied for a balance inquiry, even if you do not proceed with a fund transfer.

 

For additional details on how you can save money with QuickBooks Checking account or utilize features like proactive saving with envelopes, please refer to this article: QuickBooks Checking FAQ.

 

Additionally, learn how QuickBooks Live Experts can enhance your financial management experience by providing exceptional support and insights to address your financial concerns with accuracy and confidence. Our experts serve as your financial guides, simplifying complex accounting tasks and ensuring compliance effortlessly.

 

Furthermore, I don’t want to leave you empty-handed here. Here is an article you can check to help you connect your bank account to QuickBooks Checking: Use your QuickBooks Checking account.

 

You can always tap me if you have additional questions about QuickBooks Checking. Take the best care always and have a wonderful weekend ahead!