How much time it takes to verify the bank account before processing the first payroll?

It's nice to have you here on the Community page, @sonaliw.

It's my pleasure to help share information about the direct deposit set up in QuickBooks Online (QBO).

After the direct deposit initial set up, in a span of 2-3 business days, a small debit of less than $1.00 (CAD) will be taken from your account as a test. Once received, you need to verify the direct deposit test transaction/amount.

1. Log in to your QBO account.
2. Go to the Gear icon.
3. Select Account and Settings.
4. Select Direct Deposit under Payroll.
5. Select Verify Test Transaction. The option won't be available until the test amount has been debited.
6. Enter the test transaction amount in both boxes (less than $1.00). Enter the pennies only, without a dollar sign. (i.e. .47)
7. Select Ok.

After a successful verification, you're now ready to set up your employees and process payroll.

To learn more, you can check this article: How to set up payroll direct deposit.

Stay posted if you have any other payroll questions. I'll be right here to help.