Intuit has introduced QuickBooks Cash, a business bank account with an interest rate of 1 percent. QB Cash has no account opening fees, maintenance fees, minimum balances, overdraft fees, or other recurring fees.
Bank account opening is subject to identity verification and approval by Green Dot Bank, which provides banking services and issues QB Visa Debit Card. It includes what was described as “a machine-learning powered finance planner” the enables businesses to make 90-day cash flow projections and included predictions on when invoices are likely to be paid.
Banking services provided by and the QuickBooks Visa Debit Card is issued by Green Dot Bank.
Also included are Envelopes which allow business owners to set aside money for specific planned or unexpected expenditures and free instant deposit, which will provided access to payments or money in the QuickBooks Cash account. Deposits are sent to the bank account linked to a QuickBooks Debit Card or other eligible debit card in up to 30 minutes.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
