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May 5, 2024
Question

Send money from QB checking to my outside business checking is charging me roughly 3% why does online info say it’s 1%? I’m being charged a lot .

  • May 5, 2024
  • 1 reply
  • 0 views
$2000 for example from QB to my other Bank costs $59.15 . I already am charged a good bit per customer payment. Why am I always being charged so much for my bank transfers . 3% per transfer is alot.

1 reply

May 6, 2024

Hello there, unsurpassed.

 

I recognize that value for money is crucial when running a business. I'm here to clarify the charges related to your QuickBooks Checking account.

 

Transactions processed with debit cards or bank accounts in QuickBooks Checking will have a 1.75% fee. Every transaction (U.S. or foreign currency) will have a 3% fee applied to the entry amount, including credits and reversals.

 

In case there were no foreign transactions processed on the account, I suggest contacting our Payments Support Team for further assistance. They can explain the charges made to the account, including the transfer rate. 

 

Learn about the fees related to your QuickBooks Checking account through the following link: Deposit account agreement.

 

 Furthermore, these resources provide solutions to commonly asked questions about the feature, along with the support option:

Keep me posted if you have other product-related concerns or additional questions about managing your QuickBooks Checking account. I'll get back to provide the assistance you need.