Top 10 Banks That Integrate With QuickBooks (Desktop & Online)

The accounting software QuickBooks, created by Intuit, is one of the most popular choices for small and medium-sized enterprises. It enables companies to effectively manage their money, keep tabs on spending, and provide financial reports. The ability of QuickBooks to interact with different financial institutions, which enables users to import transactions and reconcile bank accounts with ease, is one of the main aspects that makes the software so strong. Whether you use QuickBooks Online or Desktop, smooth bank integration may greatly simplify your money management process. In this blog, we will review the top ten banks for smooth QuickBooks desktop and online integration.

Know The Advantages of Integrating a Bank with QuickBooks

There are several advantages to adding a bank account to QuickBooks, which help businesses handle their finances and bookkeeping more effectively. The main benefits are as follows:

1. Automated Bank Transactions

• Real-Time Data Sync: QuickBooks imports transactions from your bank instantly, saving you time from having to input data by hand.
• Up-to-Date Accounts: Your accounts remain accurate and current since transactions are updated on a frequent basis.

2. Increased Accuracy

• Reduced Errors: By eliminating human mistake associated with manual data entry, automated imports provide financial records that are more accurate.
• Improved Record Keeping: Missing or duplicate entries are less likely when transaction records are consistent.

3. Time Conversing

• Reconciliation Made Simple: QuickBooks makes it simpler to match bank transactions with records, which expedites the reconciliation process.
• Streamlined Reporting: The creation of financial reports, such as income statements and balance sheets, is made easier and faster with precise and up-to-date data.

4. Improved Management of Cash Flow

• Track Inflows and Outflows: Having immediate access to your bank transactions in QuickBooks makes it easy to keep an eye on your cash flow.
• Better Forecasting: You can make more educated judgments regarding future investments and spending if you have a current view of your financial status.

5. Improved Tax Preparation

• Simplified Tax Filings: When you maintain precise records of your earnings and outlays, filing taxes is less stressful. Tax reporting can be streamlined by using QuickBooks’ automated transaction classification feature.
• Records That Are Audit-Ready: When all of your bank transactions are kept in one location, your company is better equipped to withstand tax inspections and audits.

6. Expense Tracking

• Automatic Categorization: QuickBooks has the ability to classify transactions, which will improve your ability to manage expenses and provide you with additional insight into your spending habits.

7. Mobile Access

• Bank on the Go: With QuickBooks’ mobile app, you can keep an eye on transactions and access your financial information from any location, providing you freedom and financial management.

The Top Ten Banks for smooth QuickBooks Desktop and Online Integration

1. Chase Bank: The Best Bank overall for QuickBooks Integration

One of the biggest banks in the country, Chase offers great QuickBooks Online and Desktop connectivity. Every day, the full-service bank automatically imports bank transactions and credit card payment information; including sales, refunds, fees, chargeback, income, and costs, from your company account into your QuickBooks Online accounts. Your bank account reconciliation will be simple as a result. Chase provides comprehensive banking products and services, in-person banking in several states, effective banking tools, and three corporate checking accounts with waived fees.

Reason for Choosing it

Because Chase has branches all across the country and provides a comprehensive range of business banking products and services, we think it’s the best bank overall for QuickBooks integration. The bank offers credit cards, merchant services, collection services, and a range of financing choices in addition to business checking accounts and savings products. For the majority of companies that prefer in-person banking, it is very accessible with more than 4,700 branch locations spanning 48 states.

There are 20 paper transactions, unlimited electronic transactions, and a $5,000 monthly cash deposit allowance with the base Chase Business Complete Banking plan.

Pricing:

Chase Business Complete Banking:

• $15; this can be waived if you own any of the following:
• Average daily balance of $2,000.
• Spending $2,000 on Chase Ink business cards.
• $2,000 in deposits made through Chase Quick Accept or other transactions that qualify for Chase Payment Solutions.
• Account for Chase Private Client Checking.
• Valid documentation of military service.

Chase Performance Business Checking:

• $30; waived if the cumulative average daily balance (ADB) of all eligible business deposit accounts reaches $35,000 or more.

 Chase Platinum Business Checking:

• $95; waived if eligible business deposit and investment accounts have a combined ADB of $100,000. $50,000 is needed as the requisite ADB when using a connected Private Client Checking account.

Key Features:

• Employee and associate debit cards are free upon request.
• 48 states with branch locations and digital banking.
• QuickBooks interface with Chase Bank.
• Integrated card acceptance via its mobile application.
• Services for preventing fraud.
• Chase Payment Solutions provides payment and invoicing services.
• Client service via branches and online.
• By connecting a Business Complete Banking account, the monthly charge for Business Total Savings is waived.

Pros:

• For entry-level accounts, there are monthly $5,000 free cash deposits.
• Infinite transactions made online.
• For new accounts, there is a $300 cash back offer (conditions apply).
• No minimum balance and no initial deposit are necessary.

Cons:

• No interest is earned.
• Just 20 paper transactions without a cost.
• When using a non-network ATM, there is a $3 cost (waived for higher-tier accounts).
• High balances to have premium checking account monthly fees waived.

2. U.S. Bank: The Greatest Option for Small Companies with Few Transactions

Well-known for offering commercial banking services, U.S. Bank integrates seamlessly with QuickBooks. QuickBooks customers may import and categorize transactions automatically with U.S. Bank, which saves time and lowers mistakes in manual entry.

Reason for Selecting it:

Your company’s accounting procedure might be streamlined by connecting QuickBooks to your bank accounts. Launching small business entrepreneurs will discover that opening U.S. Bank’s Silver Business Checking account, which has no monthly fees, will save them money. There are 125 fee-free transactions and $2,500 in fee-free monthly cash deposits available with this account.

Additionally, subject to certain conditions and limits, you can receive up to a $800 bonus when you create a new, qualified U.S. Bank business checking account (promo code: Q3AFL24) and fulfill qualifying activities. This offer is active through September 30, 2024 FDIC member.

Fee:

• $0 for Silver Business checking
• $20 for a gold business check; Waived with any of the following:
• An account with U.S. Bank Payment Solutions.
• $10,000 on average for the amount collected.
• Average total amount of business deposit balances obtained was $20,000.
• Average total collected business deposits and outstanding credit balances: $50,000.
• Platinum Business Checking: $30, defrayable with any of the following:
• The average collected checking balance was $25,000.
• Average total collected business deposits and outstanding credit balances: $75,000.

Main Features:

• Integrations with ADP and QuickBooks.
• Cash management services, point-of-sale (POS) systems, and Zelle.
• Overdraft protection.
• Banking via mobile and online.
• 50% off your first order with a check.
• Examine services for preventing fraud.
• Capture of deposits remotely.
• Small Business Administration loans, credit lines, term loans, and funding for medical practices are among the available lending choices.

Benefits:

• $800 bonus upon signup.
• Account opening online.
• Basic tier checking is free of charge each month.
• Withdrawals from the Money Pass network without fees.

Cons:

• Checking goods with interest attached are supplied at minimal interest rates.
• For high-tier accounts to avoid monthly fees, steep amounts are necessary.
• Limited free cash deposit amount for entry-level accounts.
• $100 down payment required.

3. Bank of America: Best for Incentives and Large Free Cash Deposits

Complete QuickBooks integration is provided by Bank of America, making it simple to input transactions and classify spending. Through direct feeds that the bank offers, users may download transaction data straight into their accounting software, including QuickBooks Desktop and Online.

We Choose it Because:

Bank of America offers a business checking account with a high cash deposit limit and perks in addition to its QuickBooks bank account integration. For firms that depend on cash flow, the entry-level Business Advantage Fundamentals Banking account offers up to $7,500 in fee-free cash deposits and 200 fee-free transactions each month. You may get discounts on loan goods, credit card bonus rewards, and savings rate increases by enrolling in their free preferred rewards program.

Price:

Business Advantage Basics Banking:

• $16; defrayable with: A combined average monthly balance of $5,000.
• A minimum of $250 in freshly made net eligible debit card transactions.
• A Business Preferred Rewards membership.

Business Advantage Relationship Banking:

• $29.95; waived with a combined monthly average balance of $15,000.
• A Business Preferred Rewards membership.

Characteristics:

• A cash management tool for monitoring company performance is Cash Flow Monitor.
• Integrates with Zelle, ADP, and QuickBooks.
• Pay bills.
• A second Business Advantage Relationship Banking account’s monthly charge is waived.
• Free access to data on company credit scores.
• SBA loans, commercial real estate (CRE) loans, secured and unsecured lines of credit, and loans for medical practices are examples of small company lending.
• Merrill Edge offers individual retirement accounts (IRAs).
• Business-specific Preferred prizes including tiers of prizes.

Pros:

• The cash deposit limit for basic checking accounts is $7,500.
• A $500 welcome bonus for new accounts.
• Strong, continuous, and layered rewards.
• Offices located in Washington, D.C. and 38 states.

Cons:

• None of the checking products yield interest.
• A high average balance is necessary to avoid monthly costs.
• $100 down payment required.
• ATM non-network fee: $2.50.

4. Mercury: Ideal for Big Startups need Additional FDIC Insurance

With the ability to integrate bill payments, recurring payments, and debit and credit card transactions from your Mercury account, Mercury, a fintech designed for internet firms, simplifies bookkeeping. General ledger codes are assigned in QuickBooks, which creates accounting records automatically. In addition, Mercury offers above-average FDIC insurance coverage, a high APY Treasury product, resource-rich features for startups through networking and investor contacts, and strong business software integrations.

Reason for picking it:

For well-funded startups and IT enterprises, Mercury is a great choice. They can benefit from Mercury Vault, which offers a sweep network and up to $5 million with FDIC coverage. There are no monthly fees, starting deposits, minimum balance requirements, or transaction limits with Mercury’s fee-free business checking account. Cash deposits, however, are not accepted. Its high-yield Mercury Treasury product and cash-back-granting IO MasterCard are advantageous to businesses.

Pricing:

• Business Checking for Mercury: $0.

Features:

• Debit cards that are both virtual and physical.
• Integration of accounting software: Netsuite, Xero, and QuickBooks.
• Compliant with PayPal, Amazon, Square, Shopify, and Stripe payment processors.
• 1.5% auto cash back incentives on the IO corporate card, together with a high APY rate through Mercury Treasury.
• When you have a checking account, you can open a savings account.
• 14 subaccounts and personalized account access.
• There is a subscription package available for advanced accounting automation.
• Investor database for Mercury.

Pros:

• Wire transfers without fees.
• 1.5% reward on all credit card purchases, both local and foreign.
• FDIC protection up to a $5 million maximum.
• No monthly charge, minimum balance requirement, no initial deposit.

Cons:

• It is not permitted to deposit cash.
• Not allowed to form trust accounts or single proprietorships.
• There is no interest on the checking account.
• No real places.

5. Relay: Ideal for Groups who want Additional Debit Cards and Accounts

Relay is a fintech business that makes bookkeeping easier by integrating your bank data directly with QuickBooks Online. For a thorough and precise monthly reconciliation, check photographs are appended to your deposit transactions and card payments are automatically categorized. Relay offers many business accounts and debit cards, which simplifies the process of tracking expenses. Permissions on your account also allow you to assign financial responsibilities, which saves time for business owners.

We Picked it Because:

Businesses that are growing quickly won’t have to worry about their business checking accounts being able to keep up with their expansion. To aid with expenditure management and detailed expense tracking, they can open up to 20 reserve accounts and generate up to 50 debit cards. Additionally, Allpoint ATMs offer fee-free deposits and withdrawals, which is advantageous for cost-conscious businesses.

At Allpoint+ ATMs, Relay provides limitless transactions and fee-free cash deposits. Furthermore, more than 90,000 Green Dot retail locations accept cash deposits; however, there may be a $4.95 transaction charge.

Fees:

• Business Checking Relay: $0.
• $30 for Relay Pro; not refundable.

Features:

• Integrations with Gusto, Plaid, QuickBooks, and Xero.
• 1% to 3% interest is earned on Relay Business Savings Accounts.
• Shared access to the account across team members.
• Debit cards are modifiable.
• No costs for overdrafts.
• Relay Business Checking charges $5 to $10 in wiring fees, whereas Relay Pro charges nothing.
• Among its many benefits are fee-free outward wire transfers and same-day ACH.
• Phone and email assistance.

Pros:

• Incoming wire transfers without fees.
• 20 subaccounts (10 for sole proprietors) in one ID.
• FDIC protection up to a $3 million maximum.
• Relay Standard has no monthly fees, initial deposit requirements, or minimum balance requirements.

Cons:

• No APY for checking accounts.
• No brick-and-mortar branches.
• Lacks business financing options.

6. Bluevine: The Best Bank to Yield High Interest

Leading financial business Bluevine provides QuickBooks Online connection and strong returns. Comparing the payee, transaction, and billing information between the two systems will be simple for you. Bluevine provides extensive connections with other accounting and payment systems in addition to QuickBooks. In addition, it provides quick international business payments, a great line of credit, a cash-back credit card, and attractive interest rates on three business checking products.

We Choose it Because:

One of Bluevine’s best features is that it offers a variety of business checking account alternatives with limitless transaction limits. If you satisfy qualifying activities, you may start with Bluevine Standard, which has no monthly fees and offers a 2.0% APY of up to $250,000. When your company grows, you may open premium accounts to receive greater returns (between 3.0% and 4.25%) and lower rates for regular banking services such as same-day ACH transactions and wire transfers.

Monthly purchases for Bluevine Standard are limitless. At Green Dot, cash deposits are accepted for $4.95 each, while at Allpoint+ ATMs, they are accepted for $1 plus 0.5% of the total deposit.

Fees:

• Bluevine Minimum: $0
• Bluevine Plus: $30; waivable if your Bluevine checking account, including subaccounts, has an ADB of $20,000.
• A monthly expenditure of $2,000 made with your credit or debit card from Bluevine.
• Bluevine Premier: $95; waived upon reaching the requirements of a $100,000 aggregate balance across all subaccounts and your Bluevine checking account.
• $5,000 each month in purchases made with your Bluevine credit or debit card.

Key Benefits:

• Integrations with QuickBooks, Xero, and Wave.
• Compatible with Square, CashApp, Venmo, and Wise.
• Payments abroad in 15 currencies to 32 countries.
• Credit lines with low rates up to $250,000.
• Business credit card with no annual fee and limitless cash back.
• Each year, get two free checkbook orders.
• Wire transfers into the United States are free.
• Bluevine Premier Customers receive priority customer service.

Positives:

• Three alternatives for business checking with high interest rates ranging from 2.0% to 4.25%.
• Five subaccounts maximum.
• FDIC up to $3 million in insurance.
• Bluevine Standard has no monthly fees, initial deposit requirements, or minimum balance requirements.

Cons:

• Fees for cash deposits at Green Dot locations and Allpoint+ ATMs.
• Restricted banking offerings.
• Adds $2.50 to operator rates for using an ATM outside of the network.
• No banking in person.

7. Novo: Ideal for Speedy Payments made using Novo Boost

Another excellent fintech is Novo, which offers bank connectivity for QuickBooks. As an alternative to navigating between spreadsheets, you may access all of your accounting data on your Novo dashboard. For the first six months, Novo users receive a 30% discount on QuickBooks. Novo offers a fee-free business checking account, up to $7 in monthly ATM fee reimbursements, inexpensive foreign payment costs, and quicker Stripe user acceptance of payments to assist businesses with their budgeting.

We Picked it for:

As a company owner, you would rather get paid by customers more quickly. Novo Boost is how Novo provides this advantage. Stripe payments are processed within hours rather than days. In order to receive vendor payments the same day prior to the transfer deadlines, you can also use Express ACH. To further assist you better organize your money, Novo also allows you to set up to 20 reserve accounts to keep track of your taxes, payroll, and other company operating expenditures. There are no limits on how many free transactions you may make each month with Novo Business Checking. Money orders are the sole way to deposit cash, though.

Fee:

• Checking Novo Business: $0.

Key Points:

• Cheap international payments made possible by the Wise collaboration.
• PayPal, Square, Stripe, and QuickBooks are among the integrations.
• Using the Novo app, you can create unlimited, free, personalized invoices.
• Debit cards that are both virtual and physical.
• No typical ACH fees applied.
• Incoming wire transfers are free.
• Discounts on Stripe, Google Cloud, and QuickBooks are among the Novo benefits.
• Novo Funding provides merchant cash advances funding up to $75,000.

Pros:

• Refunds for up to $7 in monthly third-party ATM fees.
• No monthly charge or opening deposit.
• No need for a minimum balance.
• Novo invoice services are free.

Cons:

• No interest is earned.
• Absent physical branches.
• Not able to deposit cash immediately.
• No cash back benefits on debit cards.

8. QuickBooks Checking: Ideal for Users who Value Convenience First

There are connections between payroll, bill pay, and the QuickBooks Checking account. Accounting may be made more efficient and financial transactions can be handled more easily for QuickBooks customers who find it more convenient to manage all of their financial data within the system. You should read the QuickBooks Online review if you intend to subscribe to this accounting software. By putting money into business savings envelopes, QuickBooks Checking provides a competitive interest rate of 5% without charging any fees.

The Reason for Choosing it

It’s efficient to open a business checking account while using QuickBooks. You have control over how you pay your bills, plan when to make payments, and set aside money for certain company costs. Additionally, its envelope savings option yields an APY of 5%. Additionally, Green Dot Bank, the fintech’s partner, offers a sweep network that insures your money up to $5 million against FDIC losses.

Every month, four fee-free withdrawals from Allpoint ATMs are available through QuickBooks Checking. Participating merchants accept cash deposits; however, there may be a cost of up to $5.95.

Pricing:

• Checking QuickBooks: $0.

Key Attributes:

• Quick deposits allow for quick money transfers from QuickBooks Payments.
• Deposit checks for free using the app.
• Cash deposits accepted at retail establishments; fees apply.
• Nine accounts for reserves.
• Connects to both QuickBooks Payment and Online.
• Cash flow forecasting and cash management instruments.
• FDIC coverage through a sweep program up to $5 million.
• Robust software solutions for payroll, payments, and accounting.

Pros:

• There is no minimum balance requirement or monthly charge.
• No down payment required.
• APY on savings envelopes is 5.0%.
• Incoming domestic cables are free.

Cons:

• 4 in-network withdrawals maximum; each additional transaction costs $3.
• Not every consumer may be eligible for an instant transfer.
• Absence of overdraft safeguard.
• Cash deposits are not fee-free.

9. Axos Bank: Best for Unlimited Refunds of ATM Fees and Increased FDIC Coverage

Business customers may use both the integrated QuickBooks desktop and online versions at Axos Bank, an online-only financial institution. Axos offers a comprehensive variety of business banking solutions, including savings accounts, money markets, CDs, loans, merchant services, and payroll services, in addition to QuickBooks and ADP connections. Your company’s money can be FDIC-insured up to $240 million using Insured Cash Sweep (ICS). Furthermore, consumers are refunded by the bank for any domestic ATM costs.

Reason for Selecting it

With an Axos Bank business checking account, which offers limitless domestic ATM charge reimbursements, company owners may maximize their savings. Additionally, the monthly charge for its basic tier account is waived. This online-only bank offers limitless transactions and fee-free cash deposits at MoneyPass and Allpoint networks, much like fintech choices. However, it costs $4.95 per item if you want to deposit at a Green Dot retail store. A $400 welcome incentive is offered by Axos Bank to customers who create new business checking accounts.

Fees:

• Standard Business Checking: $0.
• Checking for Business Interest: $10; waived with a $5,000 ADB.

Features:

• Limitless transactions for checking at the lowest tier.
• Integrations with ADP and QuickBooks.
• Capturing remote deposits (60 items per month).
• MoneyPass and Allpoint ATMs do not charge fees for cash deposits or incoming wire transfers.
• FDIC insurance via ICS up to $240 million.
• APR for interest-bearing accounts is 1.01%.
• Loans from SBA and CRE.
• Merchant Solutions Celero.

Pros:

• Refunds of domestic ATM fees are unlimited.
• Bonus of $400 for opening a new business checking account.
• For the basic tier, there is no starting deposit, monthly fee, or minimum balance requirement.
• Allpoint and MoneyPass provide free cash deposits.

Cons:

• The base tier account has no APY.
• Bank accessible solely online.
• Business Interest Checking requires an initial $100 investment.
• Refuses to provide credit cards.

10. Found: Ideal for Self-employed Professionals

You may track all of your revenue and spending using Found’s own bookkeeping system by importing your QuickBooks transaction records, a fintech platform tailored for independent contractors. Users can manage their auto expenses, create personalized invoices, get financial reports, and create budgets using Found’s all-in-one banking solution. When a checking account is opened, no credit check is done.

Why we Picked it

Because of its free invoicing services, tax tools, and integrated bookkeeping software, we suggest Found. Its corporate checking account, which has no minimum balance requirements or hidden costs, makes managing your company easier. Time-saving features include the ability to automatically track and organize your spending, generate reports, examine tax projections, and scan and store receipts. Cash deposits may be done at more than 80,000 retail locations using Found. Deposit costs might differ.

Fees:

• Found Business Checking: $0.
• $19.99 a month or $149.99 a year is Found Plus.

Characteristics:

• QuickBooks interface and integrated bookkeeping software from Found.
• More than 80,000 merchants accept cash deposits; fees may apply.
• Tax tools for write-offs, automatic savings, and payments.
• Free, boundless, and personalized invoices.
• Venmo, Square, Cash App, PayPal, and Stripe are among the payment connections.
• Not a credit check.
• ACH fees are nonexistent.
• No ATM fees (Withdrawals from ATMs are free from Found, however there may be costs from third-party operators).
• Found Plus provides personalized accounting, priority client support, and 1.5% APY on accounts up to $20,000.

Pros:

• Integrated bookkeeping for free.
• Tracking expenses and capturing receipts.
• No initial deposit, minimum amount, or monthly fee is necessary.

Cons:

• Lack of support for international wire transfers.
• Restricted to product inspections.
• No tangible support for checks.

Conclusion

QuickBooks bank account integration makes financial administration easier, saves time, and guarantees that your data are always current. Numerous banks, ranging from specialized establishments to large banks like Chase and Bank of America, provide seamless connection with the QuickBooks Desktop and Online editions. Choosing a bank with superior integration capabilities is crucial to efficiently manage the cash flow of your company.

______________________________________________________________________________

Frequently Asked Questions

Can QuickBooks be Connected to Every Bank Account?

Even little credit unions allow QuickBooks connection. The majority of banks do too. You may still manually upload your transactions to your QuickBooks Online account if you are unable to link your bank account.

Is it Possible to Connect to QuickBooks with a Maximum of Banks?

The amount of bank accounts that may be added to a single QuickBooks Online company file is not limited by QuickBooks.

Which Bank is used by QuickBooks?

Rather of being a bank, QuickBooks (Intuit) is regarded as a fintech business. However, Green Dot Bank, an FDIC-member bank, is its partner and provides its financial services.

To What Extent is it Secure to Link a Bank to QuickBooks?

It’s quite secure to link your bank accounts to QuickBooks. To secure your financial information, the organization provides strong security features including password protection, SSL and RSA encryptions, read-only bank connections, and more.