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Intuit launches Money by QuickBooks, a mobile banking designed for small businesses


MOUNTAIN VIEW, CALIFORNIA – (COMMERCIAL THREAD) – Intuit (Nasdaq: INTU) announced today Money by QuickBooks, the latest addition to a comprehensive and ever-expanding suite of QuickBooks offerings that help small businesses get paid and manage their cash flow. The Money by QuickBooks The mobile app available for free on iOS and Android is designed to give entrepreneurs, freelancers and sole traders full control over their money with the ability to accept payments and manage expenses with features like credit cards. debit and bill payment capabilities. It brings QuickBooks’ expertise in financial services to a rapidly growing audience of new small business owners who may not yet need the full range of accounting capabilities of our platform, but are still looking for powerful tools to manage their money from start to finish.

“The pandemic has pushed the number of small business start-ups to historic highs, and we have a unique opportunity to expand the reach of our financial services expertise to even more new entrepreneurs,” said Rob Daniel, director of the product management for Intuit QuickBooks Money Offerings. . “These small businesses tell us they want fintech to help them feel in control of their money and cash flow, whether it’s getting paid quickly or having greater visibility. about their finances. Money by QuickBooks does just that and puts these tools in the hands of small businesses, enabling them to lay the foundation for growth and success.

Once the app is downloaded, it only takes a few minutes to request a Money by QuickBooks account * that has no monthly fees or minimum balance requirements * and gives business owners the ability to:

● Request and accept payments in a variety of ways, including ACH debit, credit, and wire transfer, without their customers needing the app. *

● Access business cash anywhere, anytime with no additional charge * same day deposit for payments accepted through the app, or by using the free QuickBooks Visa® business debit card, which allows ” access over 19,000 Allpoint ATMs across the country. *

● Be aware that their money is covered by FDIC insured funds up to $ 250,000. *

● Easily track business income and expenses in one place to get a complete view of how their business is progressing and make sound financial decisions.

● Schedule and pay your bills anytime, anywhere by check or ACH payment. *

At QuickBooks, our innovation is driven by our deep understanding of the unique needs of small businesses every step of the way. This approach has enabled the development of Money by QuickBooks at a critical time as new business owners increasingly turn to mobile-centric digital offerings. A 2021 study by QuickBooks found that nearly a third (30%) of those who process payments using mobile payment apps started doing so during the pandemic. Customer insights also fuel how we continue to improve the Money by QuickBooks to live. Now our digital addiction Money by QuickBooks customers benefit from even more powerful integrated money management capabilities, including a new user interface introduced this month that makes it easier to have a clear view of their cash flow and easily track payment activity .

Money by QuickBooks will continue to add even more powerful banking features to the app that allow you to earn, spend and manage money, including mobile check deposit and the ability to use your debit card through Apple wallets Pay and Google Pay, each of which should start rolling out to customers in the coming weeks.

QuickBooks’ suite of money products includes payment, capital, and banking services designed specifically to help small business clients grow and manage their businesses, provide faster access to their money, and improve cash flow management. with integrated and intelligent forecasting and planning capabilities. Money by QuickBooks is the latest extension to the platform and leverages the expertise, knowledge and lessons learned from decades of working with small businesses and gleaned from the first professional bank account for QuickBooks customers, QuickBooks Cash, launched in 2020. QuickBooks Cash and Money by QuickBooks Showcase Intuit’s transformation of corporate banking from a fund store to a hub with true cash flow predictability, by creating a specially designed bank account, provided by our partner Green Dot Bank. Money by QuickBooks Also builds on Intuit’s leadership in payments, processing $ 91 billion a year, to help small businesses get paid fast.

For more information on Money by QuickBooks, please visit https://quickbooks.intuit.com/get-money/.

About Intuit:

Intuit is a global technology platform that helps our customers and communities overcome their biggest financial challenges. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Mint, and Credit Karma, we believe everyone should have the opportunity to thrive. We never stop working to find new, innovative ways to make this possible. Please visit us for the latest information on Intuit, our products and services, and find us on social.

QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner Green Dot Bank.

Money by QuickBooks is a standalone product from Intuit and does not currently connect to other QuickBooks products such as QuickBooks Online (and QuickBooks Cash), QuickBooks for Freelancers, and GoPayment.

QuickBooks Payments: QuickBooks Payments required to use the Money by QuickBooks account. QuickBooks Payments account subject to eligibility, credit, and request approval criteria. The QuickBooks Payments Merchant Agreement applies.

Money by QuickBooks Account: Opening a Money by QuickBooks account is subject to identity verification and approval by Green Dot Bank. The banking services provided by and the Visa QuickBooks Debit Card are issued by Green Dot Bank, a member of the FDIC, pursuant to a license from Visa USA Inc. Visa is a registered trademark of Visa International Service Association. FDIC insured up to $ 250,000: Funds in the Money by QuickBooks account are insured by the FDIC up to the authorized limits through the Green Dot Bank, member of the FDIC after verification of the identity of the holder of the menu. The coverage limit is subject to the aggregation of all of the cardholder’s funds held on deposit with Green Dot Bank. The Money by QuickBooks deposit account agreement applies. QuickBooks products and services, including QuickBooks payments and same day deposit, are not provided by Green Dot Bank. The debit account is not a savings account.

* Important offers, price details and disclaimer



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