In this guide

  • Our verdict
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

QuickBooks Checking account review

  • Avatar
QuickBooks Checking
3.8
★★★★★
Finder score
Fee
$0 per month
APY
1.25%
Minimum deposit to open
$0

Our verdict

The leading accounting software now has its own bank account, but it lacks support.

QuickBooks Checking can help you manage your business’ banking, invoicing and payroll all with one tool, reducing the number of apps you need to run your company while also allowing you to earn a healthy 1.25% APY.

But if you’re not already a QuickBooks Online customer, the $7.50 to $150 monthly subscription fee might not be worth it to you. Plus, there’s no QuickBooks Checking account customer support if you want to speak to someone before opening the account. While there is a live chat option available, support can only answer questions about the QuickBooks online accounting software. For questions about the QuickBooks Checking account, support can’t answer questions and will refer you to the website.

Pros

  • All-in-one business banking
  • $0 monthly fees, overdraft fees or ATM withdrawal fees with QuickBooks Cash
  • QuickBooks Cash includes free, instant deposits for any revenue received through QuickBooks Payments.
  • High interest rate

Cons

  • Subscription required
  • Not the broadest ATM network
  • No customer support

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

How do I open a QuickBooks Cash account?

You can open a QuickBooks Cash account in four steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. Visit the Provider site and select Explore Quickbooks Cash under Manage your cash flow.
  3. Scroll down to Get started with a better business bank account, and depending on whether or not you’re an existing QuickBooks customer, select the appropriate Get started button.
  4. Log in with your username and password if you’re already a QuickBooks Online customer. If not, sign up for one of the four plans using the corresponding Select button.
  5. Confirm some basic business and personal information, and your QuickBooks Cash account will be ready to use.
Eligibility

You must meet these requirements to open a QuickBooks Cash account:

  • At least 18 years old
  • Registered business in the US
  • Active QuickBooks Online subscription
Required information

You’ll need to provide the following information when you apply:

  • Social Security number (Contact support at 866-697-9600 if you don’t have an SSN)
  • Driver’s license, state or province-issued ID or a government-issued passport

What are the benefits of a QuickBooks Cash account?

Once you’ve opened a QuickBooks Cash account, you’ll have access to the following benefits:

  • All-in-one business banking. QuickBooks Cash integrates with your accounting and lets you accept payments, pay vendors and employees and manage all of your business’s finances with one tool.
  • No fees. There are no monthly fees, overdraft fees or ATM withdrawal fees with QuickBooks Cash, and there’s no minimum opening deposit.
  • Fast deposits. QuickBooks Cash includes free, instant deposits for any revenue received through QuickBooks Payments.
  • High interest rate. Some fee-free digital business banks charge a monthly fee to earn interest, but funds in your QuickBooks Cash account will earn 1.25% APY.

QuickBooks Cash’s ATM network and fees

After opening a QuickBooks Cash account, you’ll receive a QuickBooks debit card in 3 to 5 business days. You can use this card to make purchases anywhere Visa debit cards are accepted, and you can withdraw cash at any of the 55,000 Allpoint ATMs across the country up to four times per month. After your fourth withdrawal, you’ll pay a $3 fee per withdrawal.

You’ll pay a $3 fee for any bank-teller transactions or withdrawals from out-of-network ATMs. This is in addition to any fees the ATM owner might charge.

Is my money safe with Quickbooks Cash?

All funds in your QuickBooks Cash account earn interest and are insured by the FDIC through Green Dot Bank.

What should I look out for?

While QuickBooks Cash customers are eligible for many benefits, there are some drawbacks as well:

  • Subscription required. You’re required to have an active subscription to QuickBooks Online, which isn’t the least-expensive accounting software on the market. You’ll pay $7.50 to $150 a month, depending on your business needs.
  • Not the broadest ATM network. While you can withdraw cash at 55,000 ATMs, you’ll pay a $3 withdrawal fee after your fourth monthly withdrawal. Other business bank accounts offer access to more fee-free ATMs.
  • No customer support. There is no one you can reach out to for questions regarding the QuickBooks Cash account.

If you don’t use or plan to switch to QuickBooks Online for your business accounting software or prefer an account with a larger free ATM network, you’ll want to keep looking. As always, compare your options when considering a business checking account.

Our experience with QuickBooks Cash

We reached out to Quickbooks customer support to confirm account details. Customer support transferred us to their Small Business Consultant specialist. When we asked their specialist to confirm the account details, his response was “I don’t know,” and he led us to an old blog post article with information he could not confirm as up to date. The account specialist explained that there is no one we can contact to ask questions pertaining to the QuickBooks Cash account and that the information is only available online in a blog post.

Compare with other checking accounts

Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
Primis Pro
Finder Score: 4.5 / 5: ★★★★★
Primis Pro
$0 per month
$1
1.75%
Novo Business
Finder Score: 4.4 / 5: ★★★★★
Novo Business
$0 per month
$0
N/A
Enjoy free workflow integrations for your business, such as invoicing and budgeting. Get free ACH and payment processing, as well as unlimited ATM fee reimbursements. Pay $0 monthly fees with a $0 minimum balance requirement.
Found
Finder Score: 4.1 / 5: ★★★★★
Found
From $0 per month
$0
1.50% on balances of $0 to $20,000
Designed for freelancers and self-employed individuals, Found offers banking, bookkeeping, invoicing, tax withholdings and payments, and more. Manage everything from one app.
Chase Business Complete Banking®
Finder Score: 2.8 / 5: ★★★★★
Chase Business Complete Banking®
$15 per month
(can be waived)
$0
N/A
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
This Chase business checking gives you free same-day deposits, up to $5,000 no-fee cash deposits per month, and unlimited debit card purchases. Plus, a $300 sign up bonus offer.
Relay
Finder Score: 4.3 / 5: ★★★★★
Relay
$0 per month
$0
Up to 3.00% on balances of $1,000,000+
2.00% on balances of $250,000 to $999,999
1.50% on balances of $50,000 to $249,999
Easily track income, expenses and savings for your business all in one place. With $0 account fees, $0 overdraft fees and $0 minimum balances, Relay’s business checking account and money management platform offer an affordable online banking solution to get your business off the ground. FDIC insured.
loading

How do I deposit or withdraw my money?

There are a few ways to deposit funds into or withdraw them from your QuickBooks Cash account:

Deposit

  • Deposits via business income
  • Incoming bank transfers

Withdrawals

  • Outgoing bank transfers
  • ATM withdrawals

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Michael Finder

Staff writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site