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December 19, 2022
Question

My deposit is under review, I don’t understand why that’s happening my deposit was supposed to be today

  • December 19, 2022
  • 1 reply
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1 reply

December 19, 2022

Thank you for posting here, brucesimberg.

 

I’ll be willing to share some insights about how QuickBooks handles payments.

 

If your deposit is under review, it could be that the payments department has something to review with the payment details. Afterwards, it will automatically deposit into your bank account.

 

On the other hand, the expected wait time for credit card payments to be transmitted to your bank is 5-7 banking days. Thus, funds usually reach your deposit bank account within 2-3 business days of the transaction.

 

It also varies depending on the time of day transactions are entered, the financial institution you choose, and the time it takes your bank to validate and process electronic deposits. Meanwhile, ACH transfers could take 7–10 business days.

 

Also, you can regularly check the status of the deposit by logging in to your Merchant Services account. Here’s how you can do that within your QuickBooks Online (QBO):

 

  1. Go to the Gear icon, and select Account and Settings.
  2. Select the Payments tab.
  3. Then, review the Deposit Speed section.

 

You may want to check out this article for more information about when QuickBooks Payments deposits customer payments into your bank account. Also, to learn more about payment processing, you may check out this article: Common questions about payment deposits in QuickBooks Online.

 

Feel free to comment back if you have more questions about deposits. The Community always has your back. Have a good one!