Intuit announced QuickBooks Cash, a business bank account that earns high-yield interest1, which, when used with the QuickBooks suite of business services, takes the complexity — and latency — out of managing finances for small business owners. QuickBooks Cash2 has no account opening fees, maintenance fees, minimum balances, overdraft fees, or other recurring fees. Including a machine-learning powered finance planner, QuickBooks Cash helps small businesses plan for the future by making 90-day cash flow projections, including predictions on when invoices are likely to be paid.
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The QuickBooks Cash business bank account with debit card2 adds banking capabilities to QuickBooks’ robust business offerings. When combined with QuickBooks’ other business tools, including Payments, Payroll and accounting, QuickBooks Cash enables complete cash flow management in one place, eliminating the need to switch back and forth between banks and other solution providers. The QuickBooks Cash with debit card is now available to eligible QuickBooks customers.
“Small businesses face unique challenges in the management of their finances — too often, they have to track and manage their money inflows and outflows through multiple solutions, which can lead to increased fees and wasted time. Small businesses need an all-in-one banking platform that helps them holistically manage and plan their finances, affordably and efficiently,” said Rania Succar, Senior Vice President, QuickBooks Capital and Payments, Intuit. “QuickBooks Cash delivers what current business accounts don’t — a banking experience that enables small businesses to accept payments, pay teams and vendors — with automatic reconciliation for easy financial management. Combining QuickBooks Cash with the powerful insights and financial management platform powered by QuickBooks, we are building a tool that accelerates the growth of small businesses. Companies that have more working capital can take advantage of more opportunities.”
QuickBooks Cash was created to solve an unmet need for small businesses — a way to holistically manage finances in one place, allowing businesses to get their money fast, manage finances and leverage the built-in accounting for money in and out powered by QuickBooks.
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