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March 2, 2023
Question

How long does it take for a payment from my client to transfer into my bank account?

  • March 2, 2023
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1 reply

March 2, 2023

When transferring payment from your client, it'll typically take about 1-2 business days to reach your bank, Madrigal. Let me share further details about this. 

 

Before we begin, may I know if your QuickBooks Self-Employed is connected to QuickBooks Payments? If so, the deposit speed will depend on the type of payment you process and how long you have been with the service. If not, may I know what payment app you are using? 

 

If you're new to the feature, we'll deposit your first set of payments within five business days while we set up your account. Once done, the processing of customer payments will be much faster. 

 

Additionally, credit card payment deposits take one to two business days, while bank transfer (ACH) payments, will take two to seven business days. 

 

There are times when deposits may delay. To find out why you can check this article: Why are my funds on hold?

 

Moreover, banks also have their own rules for processing payments in which their deposit schedule is controlled by them.

 

For additional information, visit these helpful resources: 

 

 

Keep in touch if you have other questions about payments in your account. I'll be happy to assist you again. Take care and stay safe always.