What You'll Do
Set Service Connection Preferences
Set Up Your QuickBooks Internet Connection
Activate Your Online Bank Account
Make Online Payments
Cancel Online Payments
Send Online Messages
Transfer Money Between Accounts
Get Reports of Online Transactions
Use the QuickBooks Website
Use the Internet Version of QuickBooks
Statistics show that more than a third of Americans are now participating in online banking activities. As banks make their online services easier to access and more cost effective, the use of these services will likely continue to grow. QuickBooks provides a user-friendly interface with your bank, enabling you to reconcile your bank account online, examine recent transactions, transfer money, and pay bills.
You don't have to use all the online services offered by your bank. Checking balances and transferring funds are typically free services, but many banks charge a monthly fee or a per-transaction fee for bill payment services. You should weigh this fee against the cost of postage and paper supplies and the time you will save to determine whether the service is worthwhile to you.
If your bank does not provide online banking services and you want to use these features, you can open a new account at a bank that does provide these services. Opening an account for the purpose of using online services doesn't necessarily mean you have to sever ties with your original bank. You can use one bank for online services and keep another for savings and loan services.