When credit card payments are received from a customer, they are deposited into you checking or savings account.
You can change the bank account where these payments are deposited easily in the online service center.
Enter the last 4 digits of your Federal Tax ID number or SSN.
NOTE: If the error occurs - Routing Number Invalid - you will need to verify the routing number with your bank -or- use the following website, http://www.routingnumbers.org, to verify the routing number.
You can send deposits to any standard business or personal checking or savings account based in the United States (foreign, out-of-country based bank accounts can not be used). The account must be transactional, meaning that Intuit can deposit and withdraw money from it. (For more, scroll down to this article's What are invalid account types? section.) Intuit deposits your payments to this bank account and also extracts payment fees from the same account. This bank account setting does not affect bank accounts in QuickBooks, it just sets a destination bank account for funds you accept through your payments account.
You can enter and save multiple bank accounts, but activate only one at a time. In other words, you can't send deposits to 2 different bank accounts simultaneously, but you may switch between deposit accounts at different times.
Important: The name on the bank account you use, must match your payment account's Doing Business As name. Just as you can't cash a paper check made out to another person or organization, you can't deposit funds officially received by another entity.
You may not use any of these types of accounts:
NOTE: Using these types of accounts will cause problems or errors when submitting the information (e.g. Enter a valid routing number, etc.)
Using an invalid account type may result in a returned transaction, delay of payment and/or a suspension of payment funding.
This change takes effect immediately or the next day, depending upon what time of day you activate the new account:
When you add a NEW deposit bank account and have funds waiting, you usually get paid within 2-3 days.