QuickBooks Checking Account Review
QuickBooks Checking isn't available on Finder right now.
- Fee
- $0 per month
- APY
- 3.00%
- Minimum deposit to open
- $0
Our verdict
A no-fee business checking account with high-yield savings envelopes, built for QuickBooks users.
QuickBooks Checking is a free business checking account from Intuit, available with or without a QuickBooks Online subscription. There's no monthly fee, no minimum balance and no opening deposit. The standout feature is Envelopes, an in-account savings tool that earns 5.00% APY, though your everyday checking balance itself earns nothing. It integrates tightly with QuickBooks' invoicing and bookkeeping tools, making it a strong fit if you're already in the QuickBooks ecosystem, though its limited ATM access and lack of outgoing wire support may hold back heavier-spending businesses.
Best for: Existing QuickBooks' customers.
Pros
-
All-in-one business banking
-
$0 monthly fees or overdraft fees
-
Instant deposits for any revenue received through QuickBooks Payments
-
High APY on savings
Cons
-
Limited number of free ATM withdrawals
-
Limited customer support
Who is QuickBooks Checking best for?
This account is a great fit if you’re already using QuickBooks and want your invoicing, bookkeeping and banking all connected to each other without paying extra.
It’s also solid for freelancers or small business owners who don’t send big wire transfers on the regular, and just want a place to stash extra cash in Envelopes and earn 3% APY instead of letting it sit idly.
What we like about QuickBooks Checking
You no longer need an active QuickBooks Online subscription to open one. You can sign up through QuickBooks Money as a standalone bank account, whether or not you use the rest of Intuit’s accounting tools.
However, if you already invoice clients through QuickBooks Payments, you’ll also get instant access to those funds without the usual delay of waiting for a deposit to clear.
No monthly fees
QuickBooks Checking charges no monthly fee and requires no minimum balance or opening deposit, which makes it accessible even if you’re just getting your business off the ground.
High savings rate
The Envelopes feature is where this account really stands out.
You can set aside funds in labeled envelopes for taxes, payroll or savings goals, and any money sitting in an envelope earns 3% APY, a rate that competes with dedicated high-yield savings accounts.
What could be better
Where QuickBooks Checking falls short is flexibility. You can only receive incoming domestic wires, and there’s no option to send a wire out or handle anything internationally.
ATM access is capped, too. You get four free withdrawals per month through the Allpoint network, and every withdrawal after that costs $3. And while Envelopes earn a strong rate, your regular checking balance earns 0% APY, so you’ll need to actively move money into an envelope to earn anything at all.
Compare QuickBooks Checking with other checking accounts
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What is the Finder Score?
The Finder Score analyzes and evenly weighs business accounts against multiple factors, including monthly maintenance fees, opening deposits, overdraft fees, wire transfer fees and transaction limitations. We also award accounts that offer extra perks not normally offered, such as annual percentage yield (APY), without penalizing accounts that aren’t interest-bearing.
QuickBooks Checking fees and access
| Type of fee | Fee details |
|---|---|
| Monthly service | $0 |
| Opening deposit | $0 |
| ATMs |
|
| Overdraft or nonsufficient funds | $0 |
| Wire transfers | $0 for incoming domestic wires, other wires not supported |
Business checking account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Frequently asked questions
Your reviews
Bethany Finder
Banking editor
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