![]() This new offering is meant to work in sync with Intuit’s existing QuickBooks products, such as payroll, payments, and accounting services. Note that QuickBooks Cash does require a QuickBooks Online account, which costs money (the minimum tier is $25 per month). Account holders will also be free of the need to maintain a minimum balance. Intuit is touting QuickBooks Cash for its lack of common banking fees such as account opening, maintenance, and overdraft fees. To snag the focus of financial decision-makers, Intuit has bundled QuickBooks Cash with a high-yield interest rate: Customers will receive a 1.00% annual percentage yield (APY) on all balances - a competitive rate compared to most accounts on the market today. ![]() ![]() The Mountain View, Calif.-headquartered company announced the new product - which acts as a checking account for businesses - in a press release on Wednesday. Now the financial titan is getting in on the small business banking game with QuickBooks Cash. Intuit is a well-known name in the world of business finance.
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