Top 10 Banks Compatible with QuickBooks in 2024

Choosing a bank that seamlessly integrates with QuickBooks is essential for small business owners who rely on this software for their bookkeeping needs. This integration streamlines the accounting process, saving time and minimizing the likelihood of errors from manual entries. Numerous banks and financial technology (fintech) firms provide QuickBooks-compatible accounts, so it’s wise to evaluate the additional features they offer. Below, we explore the top 10 banks with QuickBooks integration.

Top Banks for QuickBooks Integration

1. Best Overall: Chase
   FDIC Member.

2. Best for Low Transaction Small Businesses: U.S. Bank
   FDIC Member.

3. Best for High Interest Earnings: Bluevine
   Fintech platform insured via Coastal Community Bank, Member FDIC.

4. Best for Rewards & High Cash Deposits: Bank of America
   FDIC Member.

5. Best for Teams Needing Multiple Accounts: Relay
   Fintech platform insured through Thread Bank, Member FDIC.

6. Best for Expanded FDIC Coverage: Axos Bank
   FDIC Member.

7. Best for Startups Seeking Additional FDIC Insurance: Mercury
   Fintech platform insured via Choice Financial Group and Evolve Bank & Trust, Member FDIC.

8. Best for Fast Payments: Novo
   Fintech platform insured through Middlesex Federal Savings, Member FDIC.

9. Best for Self-Employed Individuals: Found
   Fintech platform insured through Middlesex Federal Savings, Member FDIC.

10. Best for QuickBooks Users Focusing on Convenience: QuickBooks Checking
    Fintech platform insured through Green Dot Bank, Member FDIC.

Quick Comparison of QuickBooks-Compatible Banks

Here’s a summary of the key features of the top providers:

Chase: Best Overall for QuickBooks Integration

Rating: 4.36/5
Chase stands out with comprehensive QuickBooks integration that automatically imports credit card and bank transactions daily. They offer several business checking accounts, all with the option to waive fees, alongside accessible in-person banking across 48 states. The lowest business checking tier allows for 20 free paper transactions and a $5,000 monthly cash deposit limit.

U.S. Bank: Ideal for Low Transaction Volumes

Rating: 4.36/5
U.S. Bank enables smooth integration with QuickBooks Online, giving small business owners an easy way to manage both banking and credit transactions. Their basic Silver Business Checking account has no monthly fees and offers ample free transactions.

Bluevine: High Interest Options

Rating: 4.32/5
Bluevine excels with multiple business-checking account options that earn competitive interest rates. Their accounts are designed for unlimited transactions with appealing APYs up to 4.25% based on account activity.

Bank of America: Rewards and High Cash Deposits

Rating: 4.32/5
Offering robust QuickBooks integration, Bank of America provides a business checking account that includes high cash deposit limits and a variety of useful financial tools. There is also a welcome bonus for new customers.

Relay: Optimal for Team Accounts

Rating: 4.32/5
Relay simplifies bookkeeping by enabling team members to share access across multiple accounts. It supports unlimited transactions with easy expense management.

Axos Bank: Best for ATM Fee Refunds and FDIC Coverage

Rating: 4.32/5
Axos Bank provides comprehensive FDIC coverage options and unlimited domestic ATM fee reimbursements. Their account features include robust QuickBooks integration, making them a great online-only option.

Mercury: Perfect for Startups

Rating: 4.31/5
Tailored for startups and tech firms, Mercury supports high FDIC insurance limits and an easy syncing feature for transaction records with QuickBooks.

Novo: Fast Payment Solutions with QuickBooks

Rating: 4.06/5
Novo offers unique features like fast payment processing, making it easier for businesses relying on platforms like Stripe. Cash deposits can be made at retail locations.

Found: Self-Employed Professionals

Rating: 3.81/5
Found caters to freelancers with integrated bookkeeping software and easy expense tracking, designed to help manage business finances effortlessly.

QuickBooks Checking: Best for Convenience

Rating: 3.48/5
QuickBooks Checking offers a seamless connection to QuickBooks, allowing for easy financial management with competitive interest rates on savings.

Considerations for Selecting the Best Bank with QuickBooks Integration

When evaluating banks for QuickBooks integration, consider factors such as:

• Monthly fees and conditions for waivers
• Minimum opening deposits and sustaining balance requirements
• Interest rates offered
• ATM fees and transaction limits, combined with network availability
• Cash deposit methods and any associated charges
• Account features
• Available software integrations
• Support services and geographic accessibility

Conclusion

Choosing the right bank that integrates well with QuickBooks can significantly optimize your bookkeeping processes while saving time and reducing errors. The various options available cater to a comprehensive range of business needs, from startups to established small businesses, ensuring that you find a suitable partner for your financial management.

FAQs

1. What banking services does QuickBooks use?
   QuickBooks (Intuit) partners with Green Dot Bank for its financial services.

2. Can I connect any bank to QuickBooks?
   Most banks can link with QuickBooks, and manual transactions can be uploaded if needed.

3. Is it secure to connect my bank to QuickBooks?
   Yes, QuickBooks uses various security measures to protect your data.

4. Is there a limit on how many banks I can connect to QuickBooks?
   No, you can connect multiple bank accounts to a QuickBooks Online profile.