@soldano21 wrote:
Swaran is 100% correct. QuickBooks takes 5 business days (7 days total) to deposit any ACH transaction for my Company. They're using the funds for interest but not revealing that to customers. And when asked why in 2019 all customers can't choose to have 24 hr. funding for a fee they say "it's being rolled out to preferred customers at our discretion".
The fee is 1% for 1 day settlement. So if you get your money tomorrow instead of in a week, you are getting financing for 1 week at 1% and so are paying an effective 52% interest rate per year! Not worth it; rather use a credit card at "only" about 20%. Given it's capped at $1000, it gets lower as the amount increases. It may be worth it if the payment is say $10k when the effective annual interest rate is a more reasonable 5%
