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June 21, 2022
Question

With our Quickbooks checking account -- is there any fees for transferring funds to a different bank?

  • June 21, 2022
  • 1 reply
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With our Quickbooks checking account -- is there any fees for transferring funds to a different bank?

1 reply

June 21, 2022

Hello there, @phoenixhomerepairllc.

 

I'll help share information about your cash account so you can transfer funds from QuickBooks Checking to a different bank account.

 

You can transfer funds free of charge with your QuickBooks Checking account. In this account, you're able to utilize the Cash Flow feature to track payments from your customers and you can transfer funds using the Envelopes function. Let's create one first:

 

  1. Go to Cash Flow.
  2. Under Envelopes, select Add envelope.
  3. Enter the name of your new envelope.
  4. Type in the amount you want to save. 
  5. Select a target date
  6. Click Finish.

 

From here, use Transfer In to take out the money from your checking account and Transfer Out to move the money to your bank account from the envelope. You can read this article to learn more: Create Envelopes to Set your Funds Aside.

 

Once the transfer has been made, it'll take up to 3 business days to move the actual money. Most of the time, it'll also depend on how your financial institution process the transfer. Learn more about transferring funds with this article: The QuickBooks Cash Account and the Cash Flow Menu.

 

Lastly, you can also browse for the content in this helpful article to learn more about how to check when QuickBooks deposits the payments from your customers: Find out When QuickBooks Deposits Customer Payments. Deposit speed is also in this article for faster payment processing.

 

If you have any other questions aside from moving your funds in and out of the QuickBooks checking account, please let me know by leaving a comment below. Don't forget to tag me, @JonpriL, and I'll be here to help. Good day, @phoenixhomerepairllc!