Money by QuickBooks is a free mobile app for new businesses or freelancers. It includes an FDIC-insured bank account, the ability to get paid via requests and pay other people or bills, and a debit card for any business spending.
- Get a snapshot of how your finances are doing and manage your money all in one place using the Money by QuickBooks mobile app. The Money by QuickBooks mobile app for iOS or Android (only available platforms at this time) is free to download and requires no monthly subscription fee.
- There are no monthly fees or minimum balance requirements associated with a Money by QuickBooks account. Similarly, there are no charges to use the Pay feature or make purchases with your Money by QuickBooks debit card. However, ATM and limited other bank fees and payment processing fees for requests will apply. See the appropriate Deposit and User agreements footnoted below for details.
- Send payment requests from anywhere. Customers don’t need the app to pay you. When you send a request for payment, your customer will receive an emailed link that will allow them to pay via credit card, debit card, ACH bank transfer, or Apple pay.
- If eligible, you’ll see your money on the same day-nights, weeks, and holidays. Same Day Deposit allows you to have near-real-time deposits sent to you on a predetermined daily schedule (up to 3x a day, Monday through Sunday, including holidays)*.
- Pay bills on time and easily schedule payments ahead of time, never to miss a due date**.
- Money by QuickBooks isn’t part of either QuickBooks Online or QuickBooks Desktop. In fact, as for now, you can’t even connect or share data between Money by QuickBooks and your QuickBooks financial applications.
QuickBooks and Intuit are a technology company, not a bank. The banking services associated with Money by QuickBooks are provided by Intuit’s partner, Green Dot Bank. Visit the official Money by QuickBooks website for more information.
Footnotes & Disclosures:
* Same Day Deposit is an additional service offered by QuickBooks Payments subject to eligibility criteria, for no extra fee for Money by QuickBooks users. Money by QuickBooks payment request fees apply for ACH and card transactions. Once batched, eligible deposits will be sent to your Money by QuickBooks account and will be available in up to 30 minutes. Transactions between 2:15-3:00 pm PST are excluded, and transactions after 9:00 pm PST will be available for deposit the following morning. Deposit times may vary for third-party delays.
** Bill Pay services powered by Melio with funds held by Evolve Bank & Trust or Silicon Valley Bank (members of the FDIC and the Federal Reserve). Payment processing fees apply for ACH and card transactions.
QuickBooks and Intuit are a technology company, not a bank. The banking services associated with Money by QuickBooks are provided by Intuit’s partner, Green Dot Bank. See the appropriate Deposit and User agreements below for details.