How does the system handle multiple bank accounts?
Users can add multiple bank accounts, with some managing thousands. The system allows selecting the desired account when creating checks.
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How can I add a Canadian Bank Account?
When adding a new bank the MICR line design will be 'USA' by default. Switch countries on the top bar and template will update to the appropriate country To add Symbol under the Account Number field > enter a - sign Example:
Is same-day ACH available from bank accounts?
No, same-day ACH is only available via wallet or credit card. Bank accounts require fund withdrawal first, which can delay payment.
Can clients from other countries link their local bank accounts directly to the platform?
No, the platform does not support linking domestic bank accounts from outside the U.S. Clients can, however, initiate international wire transfers that will be converted and deposited in USD.
Can a user who has manually verified bank accounts, KYC, and KYB apply for the Line of Credit?
No, the users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.
Does the user need to map bank accounts?
Yes, to map the correct bank account, follow these steps: Go to Applications > QuickBooks Online Click "Map now" Select the correct bank account