Question

To set up Instant Desposits, what must be done first?

Answer 1

Open a new "deposit-only" bank account and link it to QuickBooks Online

Step-by-step explanation:

To set up instant deposits, a QuickBooks payment account will be needed first. The debit card of the customer is used by the QuickBooks to deposit money into his or her checking account.

To begin, the customer signs into QuickBooks online. At the sales menu, the deposits tab is selected. The customer selects the Get Set Up option, enters his debit card details , a confirmation code and then verifies the newly set up account.