Why am I being charged 1% on bank transfers? This just started on 4/20/21 and I didn't sign up for instant deposits.

Let me help you sort this out, Michellegopherpa.

The instant deposit has a fee of 1% of the total deposit amount. You're unable to turn off the feature. You can only turn off the scheduling. Here's how:

1. Click the Gear icon.
2. Select Account and settings.
3. Go to the Payments tab.
4. Select Deposit Speed, then click Change.
5. Remove the check for all the marked days and leave All the days Off.
6. Click Save schedule.

I'll include this article to help you learn more about instant deposits: Get instant deposits in QuickBooks Online.

Get back to this thread if you have more questions. We're just one comment away. Take care!