QuickBooks ACH Fee: What is it? Full Fee Breakdown.

One of QuickBooks' key features is the ability to process ACH (Automated Clearing House) payments, which has become a popular method for businesses to send and receive payments. However, many users aren’t aware of the fees associated with using Quickbooks ACH.

In this article, we'll dive into the ACH fees on QuickBooks. We'll also discuss how Wise Business could be a great, reliable, low-cost international business account for your team.

Looking for transparent, low-cost fees on your business account?

Try Wise Business >>

Trustpilot Rating: Great with 200,000+ reviews⁶
Over 300,000 businesses use Wise every quarter

QuickBooks ACH Fees: How Much Does QuickBooks Charge?

Let’s get straight to the point: how much does QuickBooks charge for ACH payments? According to QuickBooks, it costs $1-$3 per transaction, and you may also have to pay an additional fee for instant deposits.¹ Below is a fee table for every QuickBooks ACH payment fee:

Service	Fee Amount
Client Payment by ACH (QuickBooks Online)	$1¹
ACH Bank Transfer (QuickBooks Online)	1% (max 10)¹
ACH Bank Transfer (QuickBooks Desktop - “Pay as you go” Plan)	$3¹
ACH Bank Transfer (QuickBooks Desktop - “Pay monthly” Plan)	$3¹
Accept ACH Payments (QuickBooks Money)	$0/month²
Accept ACH Payments (QuickBooks Simple Start)	$30/month (50% off the first 3 months)²

Other QuickBooks Fees

QuickBooks has a planned pricing model, meaning you must choose between a suite of features and a monthly price to have access to their features. For example, some of the fees above are QuickBooks Online ACH fees, which are based on a plan that includes accounting features and more.

While you could get started with QuickBooks Money for free, you may want the value of the features offered with the various other options.

Plan	Price
Simple Start	$30/month³
Essentials	$60/month³
Plus	$90/month³
Advanced	$200/month³

Currently, you can get started with any of these plans at 50% off for your first 3 months. Or you can choose to try a free trial for 30 days.³

You also have the option to take on some additional fees when you subscribe to your plan. These are for Payroll and Live Assisted Bookkeeping. These are completely non-obligatory. Their fees are listed below:

Plan	Price
Live Assisted Bookkeeping	$50/month³
Payroll Core	$45/month³ $6/employee/month³
Payroll Premium	$80/month³ $8/employee/month³
Payroll Elite	$125/month³ $10/employee/month³

The payroll options also come with the 50% off deal for your first 3 months.

In addition to these monthly plan fees, QuickBooks also has additional fees for use of their services. Here is a table of the fees specifically related to QuickBooks Payments:

Service	Fee Amount
Online Invoicing & Quick Request Payment (via Visa, Mastercard, Discover, or American Express card)	2.99%⁴
Online Invoicing & Quick Request Payment (via Apple Pay, PayPal, or Venmo)	2.99%⁴
Online Invoicing & Quick Request Payment (via ACH bank payment)	1%⁴
In-Person Card Reader Payment (via Visa, Mastercard, Discover, or American Express card)	2.5%⁴
In-Person Card Reader Payment (via Apple Pay, PayPal, or Venmo)	2.5%⁴
In-Person Keyed-In Payment (via Visa, Mastercard, Discover, or American Express card)	3.5%⁴
Instant Deposit (to QuickBooks Checking)	Free⁴
Instant Deposit (to an outside bank account)	1.75%⁴
Payment Dispute Protection Rate (QuickBooks Online)	starting at 0.99%⁴

It’s important to note that keyed-in and card reader payments are not available with QuickBooks Money. Payment dispute protection is also not available with QuickBooks Money.⁴

See the Best Banks for Small Businesses >>

Other Ways to Send ACH Payments⁵

Overwhelmed by the amount of fees associated with QuickBooks? No need to worry - plenty of other options are on the market to help you send ACH payments. Mainly, banks are the only option for sending ACH payments the traditional way, which can be more expensive than QuickBooks due to fees and minimums.

However, here are a few banks and other options that offer ACH payments instead of QuickBooks:

1. Wise Business ACH Payments

Wise is an international money transfer service that allows for low-cost ACH payments in various currencies. It's a great option for businesses with global clients or suppliers.

Wise allows users to send and receive ACH payments. They will generate a quote based on how much you intend to send or receive for their fees, which are usually minimal and very up-front.

Sound amazing? See for yourself how much time and hassle you can save.

Looking to make or receive payments internationally? Learn more below.

Wise and QuickBooks together

If you have international bills to pay, not only can you pay them at the mid-market rate with Wise, but now you can also sync Wise Business with QuickBooks.

• You can see your unpaid bills in real-time and pay them seamlessly from your ‘Bills’ page on Wise.
• Your bill payments and any other Wise transactions will be synced, matched, and categorized in QuickBooks for simple reconciliation.
• Once connected, all bills you create in QuickBooks Online will automatically sync in real-time to Wise, where you can choose which ones to pay.

Some key features of Wise Business:

Major local account details to receive international payments with ease No monthly account fees just a simple one-off fee for account details Receive payments from e-commerce platforms (such as Amazon or via Stripe). Create invoices using the Wise invoice generator or invoice templates. Accounting integrations, including a QuickBooks Bill Pay connection. Bill payments will be synced, matched, and categorized in QuickBooks for simple reconciliation. Batch payment options. Fast payment of up to 1,000 invoices.

2. Standard U.S. Banks

This is the most traditional way to send an ACH transfer. They will usually allow you to send the funds either in person or online, making it a very convenient option.

ACH transfers at standard U.S. banks generally cost anywhere from $0-$3 per standard transfer, not including the other fees associated with having an account with a bank or instant transfer fees. It generally takes 1-3 business days for these transfers to process.

Below is a table of the top 20 banks in the U.S. and their fees for ACH transfers:

Bank	ACH Fee
Bank of America	$0 for inbound transfers $3 for standard-time delivery $10 for next-day delivery
BMO Harris	$0
Capital One	$0
Chase	$0
CitiBank	$0
Citizen’s Bank	$3 for standard-time delivery $10 for next-day delivery
Fifth Third Bank	$3
KeyBank	$0
M&T Bank	$3
PNC Bank	$0 online $3 in-branch
Santander	$0
TD Bank	$0 for inbound transfers $3 for standard-time outbound transfers $7 for next-day delivery
Union Bank	$0
USAA	$0
U.S. Bank	$0 for inbound transfers $3 for standard-time delivery
Wells Fargo	$0

3. Online Banks

Online banks are just like standard banks, only they don’t have the in-person option. They are often a convenient option, but they may not be as widely accepted as standard banks.

ACH transfers at online banks generally cost $0 per standard transfer, not including the other fees associated with having an account with a bank or instant transfer fees. It generally takes 1-4 business days for these transfers to process.

Below is a table of the top 10 online banks and their fees for ACH transfers:

Bank	ACH Fee
Ally Bank	$0
Aspiration Bank	$0
Axos Bank	$0 for standard transfers $7 for next-day outgoing transfers
Capital One	$0
Discover Bank	$0
Marcus by Goldman Sachs	$0
Nationwide Bank	Variable
Synchrony Bank	$0
TIAA Bank	$0

4. Credit Unions

Credit unions are not-for-profit financial institutions owned and operated by their members. They offer many of the same services as traditional banks, including checking and savings accounts, loans, and credit cards.

One key difference is that credit unions typically have lower fees and better interest rates for their members. But it also can be difficult to fit the criteria to become a member of a credit union, such as being a U.S. veteran or a government employee.

ACH transfers at credit unions generally cost $0-$3 per standard transfer, not including the other fees associated with having an account with a credit union or instant transfer fees. It generally takes 3-5 business days for these transfers to process.

Below is a table of the top credit unions and their fees for ACH transfers:

Bank	ACH Fee
Alliant Credit Union	$0 if initiated online $10 if initiated on the phone
Connexus Credit Union	$0 for standard transfers $10 for next-day delivery
Consumers Credit Union	$3
First Tech Federal Credit Union	$0
Golden1 Credit Union	$0
Navy Federal Credit Union	$0 (variable)
Pentagon Federal Credit Union	$0 if initiated online $5 if initiated by a union member

---

Sources used :

1. What is the fee for ACH - QuickBooks
2. Accept Payments Online and In-store | QuickBooks
3. QuickBooks Online Pricing & Free Trial | Official Site
4. Standard Payment Fees & Rates | QuickBooks Payments
5. Compare ACH Transfer Fees at Top U.S. Banks | MyBankTracker
6. Wise Score | Trustpilot

Sources last checked on 24-January 2024.