Intuit Inc. established QuickBooks Cash, a no-fee business bank accounts that pays 1% interest when combined with QuickBooks applications or mobile programs and assists small business owners eliminate the complexity of handling their finances.
The accounts fees no account opening charges, maintenance charges, overdraft fees, minimum balance fees or other recurring charges. QuickBooks uses machine learning technologies to back a 90-afternoon financial planner to assist modest companies predict their fiscal spending.
“Small companies face particular challenges in the management of the finances — too frequently they must monitor and manage their cash inflows and outflows through numerous options, which may cause increased prices and wasted moment,” Rania Succar, senior vice president, QuickBooks Capital and Payment at Intuit, stated in a media release. “QuickBooks Cash provides what present small business accounts do not -— a banking experience that permits small companies to take payments, pay teams and sellers — with automatic reconciliation for simple financial management.”
The account include a debit card along with extra features, such as immediate deposit credits for qualified companies, envelopes that enable businesses put aside money for specific scenarios, invoice payment and easy integrations throughout the QuickBooks ecosystem.