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QuickBooks applications have various types of advanced tools that every business owner is searching for to manage their companies. Those advanced features help in financial operations like tracking expenditures, filing taxes, payroll management, etc. Recently, the QuickBooks application launched a new feature, QuickBooks instant deposits. This feature assists users in better handling their regular costs. However, many users dealing with some issues with this feature and are not aware of why QuickBooks instant deposit not working.

However, there are many reasons that instant deposits are not working in QuickBooks, which we will learn in this article. So, if you are dealing with this exact situation, read this article carefully.

About QuickBooks Instant Deposit Feature

Using this instant deposit feature, users with an active QuickBooks Payments account can quickly deposit clients' payments to assist them in better supervising regular costs such as payroll, inventory, purchases, utilities, and other essential expenses. They do not have to wait one or three business days before clients can use their funds.

Instant Deposit users can select to get their funds immediately in a single step after checking deposit information such as the linked debit card, available balance, and related feeds. Besides this, users can now operate a new Instant Deposit account, making comparing any deposits more effortless than ever.

When users’ QuickBooks instant deposits are not working, they must wait to access their funds before clients. Also, they are unable to deposit clients' payments too quickly. Hence, eliminating this might help you to fix the deposit problem.

Reasons Why is QuickBooks Instant Deposit Not Working

Due to a few factors, QuickBooks users encounter issues during instant deposits. Also, understanding those causes can help you to identify suitable solutions that eliminate this problem efficiently. Here are some of the reasons that you are facing difficulties while making Instant Deposits:

1. If the Instant Deposit option is not visible, you may face issues while making an instant deposit.

2. When the instant deposit balance is low, you will likely deal with this problem.

3. Unsuccessful instant deposit can be another reason QuickBooks instant deposit not working.

4. One of the main reasons you face difficulty in the instant deposit is when the QuickBooks payments are not eligible.

5. Having difficulty with the web browser can be responsible for not working instant deposit in QuickBooks.

6. Having problems with the QuickBooks Online application might be responsible for issues with Instant deposits.

Do This If the Instant Deposit Feature is Not Visible in QuickBooks

First, you need to sign up for QuickBooks Payments to operate instant deposits for the client's payments you process in QuickBooks Online.

But first, you have to confirm you are an eligible user since only eligible QuickBooks Payments users can sign up for instant deposits. If you are eligible for QuickBooks payment users, then users will receive a notification that pops up on your screen.

After setting it up, eligible transactions will be available for instant deposits. Not all payments are considered suitable for instant deposits. QuickBooks reviews every transaction for eligibility and only shows qualified expenses as part of your available funds.

Causes for Unexpected Charges for an Instant Deposit

Generally, the instant deposit fees are 1.75% of the overall deposit amount. This charge is considered as an extra to the standard fees for processing clients' payments.

There are a few causes that you might charge extra for an instant deposit. Here is the list below:

 1. An extra fee of 1.75% is required for the bank transfer payments. This charge applies to both standard and instant deposits.

2. If another user who processes your client's payments has requested instant deposits, you might be unexpectedly charged through QuickBooks instant deposits.

3. You might be charged extra if you scheduled qualified payments in your available balance to deposit immediately. Also, you can schedule deposits to run automatically.

You can stop running instant deposits automatically by following these simple steps:

1. Click on Settings and then choose Account and Settings.

2. go to the Payments and choose the Deposits speed section.

3. Now, press the Change option and click the Scheduled instant deposits.

4. Next, remove the tick mark for days to stop the automatic instant deposit for those days.

5. Lastly, click on the Save Schedule button.

If You Have an Unexpectedly Available Balance

When you process clients' payments, they are considered part of the available balance for an instant deposit. You would notice nothing in your available balance if:

1. When you are not processing client payments for the day, you cannot see the available balance.

2. If the client's payments are not eligible for instant deposits, unqualified payments are not part of your available balance.

3. If you have already used instant deposit five times in a single day, or you might exceed your daily amount limitation, you have an unexpected available balance.

4. Your available balance is batched and deposited at the standard speed after 3 PM PT. You must wait until you process new clients' payments to get an instant deposit.

Note: Client payments between 2 and 3 PM PT can not be scheduled for instant deposits. You can deposit them at the average speed. You must manually request an instant deposit if you need the money sooner.

Is it possible to void an instant deposit?

After requesting the instant deposits, it is impossible to void them. This has particular client payments that are considered instant deposits.

If you are required to return a payment to a client, process a credit card refund. The refund fees are also applicable.

Final Thought!

Instant deposit is one of the best features in QuickBooks applications. With this feature, active QuickBooks payment account users can deposit clients' payments efficiently. This can aid users in better overseeing their regular spending. However, sometimes users deal with some issues and do not know why QuickBooks instant deposit not working.

Some factors are issues with a web browser, unsuccessful instant deposit, ineligible QuickBooks payment, etc. Users can fix this issue by implementing the methods learned in this article.