QuickBooks Instant Deposit Not Working

Is the QuickBooks instant deposit option not visible to you, is it sluggish, failed, or not operating at all? Users may experience difficulty seeing the option to make immediate deposits for their payments. Similar problems may occur with QuickBooks Online as well as QuickBooks Desktop.

Don’t worry if there are problems with your immediate deposit. We will provide you with instructions in this blog on what to do if the QuickBooks immediate deposit is malfunctioning or incorrect.

Short note about QuickBooks Instant Deposit

The time it takes to deposit consumer payments is effectively shortened with QuickBooks quick deposit. The processing and display of standard payments in bank accounts may take several days. On the other hand, QuickBooks rapid deposit transfers funds in under half an hour. In addition, you can program QuickBooks immediate deposits to be made automatically.

Paying and receiving money is therefore quick and easy with QuickBooks immediate deposit. For instant deposit, QuickBooks charges a fee equal to 1.75 percent of the entire deposit amount. This cost is in addition to the usual transaction fees you incur.

Common reasons for QuickBooks Instant Deposit Not Working

Users have difficulties when making an instant deposit for a variety of reasons. Typical issues that consumers run into include the following:

Not seeing the option to deposit money right now
The speed of the instant deposit is slow.
There is an error with the instant deposit.

Other reasons due to which QuickBooks Instant Deposit is not working,

The Money Cannot Be Applied Immediately to Your Account:

Instant deposit is not available for every QuickBooks payment. Only approved payments are allowed to be deposited immediately by QuickBooks, which verifies each payment’s eligibility. Once you have it configured, the Record Merchant Service Deposits window will display the option for instant deposits.

You will need to set up QuickBooks immediate deposits first if you haven’t already. Keep in mind that in order to make immediate deposits, you’ll need a QuickBooks payments account. Thus, create an account for QuickBooks payments if you don’t already have one.

Issue with your web browser:

Errors can occasionally arise when utilizing the web browser to make an instant deposit. The browser’s cache and stored browsing data are frequently to blame for this.

Issue with your QuickBooks Online App:

When utilizing the QBO app to make an instant deposit, you may see an error message such as “phone number not found.” This is frequently caused by the mobile application’s cache and saved data.

The payment of customer tools place between 2PM and 3PM PMT

QuickBooks processes payments from customers at regular business hours, depositing them between 2:00 and 3:30 PMT. Consequently, you should request an instant transfer before 3 pm PMT if you would like the money to be deposited immediately.

Reason of not available balance as you expect it,

After processing customer payments, the amount for the instant deposits appears in the accessible balance. Your available balance may differ in certain cases from what you anticipated. This occurs in the event that

Today, there were no consumer payments processed.
Because the payments were not qualified for instant deposits, they were placed at a typical speed for the customers. The available balance will not reflect these payments.
Your daily allotment for instant deposits has been used up. For instance, you have already used the five times your daily immediate deposit limit.
Although you scheduled instant deposits, the regular speed of deposit may still occur occasionally.
The payments you processed for customers are being examined. The Merchant Service Centre allows you to monitor the status of customer payments. Additionally, you will very certainly receive an email on the pending payments.
QuickBooks deposits payments at a regular pace after 3 PMT. These payments will therefore not appear in the available balance.

Manually request of an instant deposit before 3PM PMT

Instant deposits are processed by QuickBooks before 3 p.m. Pacific Time. It then proceeds to process the remaining payments at the regular pace. Before 3 p.m. PMT, you can manually request an instant deposit if you need the money right now.

In QuickBooks Online, use these procedures to manually request an instant deposit:

Select Sales.
Click or tap Deposits.
Select now Acquire it immediately from the instant deposit
Verify the overall fees as well as the deposit-related fees.
Lastly, select “Get it now.”

Phone number not found in QuickBooks Instant Deposit not working

When users attempt to use the instant deposit feature, they occasionally get an error message saying that the phone number is not found. The fact that the consumers had already entered a working US phone number to QuickBooks makes the matter unclear.

Let’s examine how to resolve the issue with QuickBooks fast deposit not functioning.

When using QuickBooks Online in a browser, instant deposit does not work,

Occasionally, while making an instant deposit in QuickBooks, the error message “phone number not found” may appear due to stored data and browsing history.

Therefore, make an instant deposit when you launch QuickBooks Online in a private or incognito window of your browser. You’ll be able to determine if the browser is the problem if it functions.

First Step: Check for the supported Browsers,

Ensure that the browser you are using supports QuickBooks. QuickBooks does not always support older browser versions. It works with both the most recent and the two earlier iterations of the browser. It is therefore necessary that you upgrade your browser if you haven’t done so in a while.

Internet Explorer is no longer supported by the browser for QuickBooks.

These are the browsers that QuickBooks supports:

Google Chrome
Mozilla Firefox
Microsoft Edge
Safari
Opera
Samsung

Second Step: Open QuickBooks Online in the private window or incognito window

To access the private or incognito window within your browser, click the hamburger or three-dot menu located in the upper right corner of the window. There will be a button to open a private or incognito tab.

Time can be saved by utilizing the shortcuts as well. Depending on whatever browser you use, these are the shortcuts to open the private or incognito window.

Microsoft Edge: Ctrl + Shift + N
Safari: Command + Shift + N
Google Chrome: Ctrl + Shift + N
Mozilla Firefox: Ctrl + Shift + P

Now, use the private or incognito window to log into QuickBooks Online and make a quick deposit. If everything functions as it should, there is a problem with your browser.

Third Step: Clear the Browser Cache

Go to the browser you use and clear its cache to resolve that. Note down any saved passwords, login information, and URLs that are significant to you before proceeding.

Using the QuickBooks Online Application Does Not Work for Instant Deposit

It’s possible that you’re making an instant deposit through the QuickBooks Online mobile application when you encounter the error notice “phone number not found.”

The QBO app that you are using to make an instant deposit may be having problems right now. As a result, you need to clear the application’s cache once.

This is how to force the QBO app on iOS and Android to clear its cache.

QuickBooks Online App Android

Launch the QuickBooks program.
In the upper right corner of the application, you will see a menu; select it.
Select Preferences.
Click on Refresh Data now.
In the end, select “Yes.”

QuickBooks Online App iOS

Launch the QuickBooks program.
Press and hold the menu.
Select Help & Feedback at this point.
To refresh, tap Refresh Data and Refresh now.

When you’re finished, exit and reopen the program. Check to see whether it works now by attempting the instant deposit.

Conclusion

We hope that the above article will be very helpful for you with the issue of QuickBooks Instant Deposit Not Working. After reading the complete article since you are facing any issue then you can contact our customer care with the help of our toll free number. We have a team of expertise who will help you in resolving the issue.

Also read: Fix QuickBooks Error 15106 During Update

Frequently Asked Questions

Q1: Is an instant deposit voidable?

Ans. No, after making a request, a user cannot reverse an instant deposit. Several client payments that are a part of quick deposits are among the deposits that are non-refundable. You can use a credit card refund to reimburse a customer for a payment they have already made. Refund fees, however, will be charged.

Q2: Who can make immediate deposits?

Ans. QuickBooks provides instant deposit as a service to users that qualify for it. To be able to make quick deposits, this requires that your QuickBooks payments account be open and in good standing.

Q3: How much cash is available for immediate deposits?

Ans. Your account’s past transactions with Intuit determine your daily limit for instant deposits. There is a USD 5000 daily cap when you first start. But if your company expands over time, so may your restriction. Only a limited number of quick deposits may be made each day, up to a maximum of five times.

Q4: Does QuickBooks have a deadline for instant deposits?

Ans. In QuickBooks, there is, in fact, a deadline for making quick deposits. Three o’clock PMT (Pacific Meridian Time) is the time. The following working day will see the inclusion of payments that are processed after 3 PM PMT.

Q5: Where are all the fees and payments that I may follow?

Ans. In your QuickBooks Payments account, you have the ability to monitor every payment and fee. To do that, confirm that your QuickBooks payment is configured.

This is how all of the fees and payments may be tracked: