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February 28, 2024
Question

Does it take a long time to withdraw money that’s been paid by an invoice?

  • February 28, 2024
  • 1 reply
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1 reply

February 28, 2024

Hi there, sandersdestined4. Welcome to the Community!

 

When withdrawing money from an invoice in QuickBooks Online, the speed of the deposit depends on the payment type and product used.

 

We'll deposit your first set of payments (sometimes referred to as a batch) within 5 business days. These early deposits take a bit longer while we set up your account. Once we set up everything, we'll deposit customer payments much faster.

 

To check the current deposit speed, here's how:

 

  1. Go to Settings ⚙ and select Account and Settings.
  2. Select the Payments tab.
  3. Review the Deposit Speed section.

 

Feel free to read this article for more details: Find out when QuickBooks Payments deposits customer payments.

 

Check out these guides to get more insights and complete measures on this topic:

 

 

Fill me in if you have any concerns about invoice payments in QBO. I'm here to help you out, sandersdestined4. Have a good one!