To change the QuickBooks Payments bank account designation in your QuickBooks Online (QBO):

  1. Select the Gear icon at the top > Account and Settings.
  2. Select Payments from the menu on the left.
  3. In the Recording Accounts section, click the Edit icon.
  4. In the drop down for Where should we record Payments deposits?, select the account you want.
  5. Click Save.

Please note, this changes the bank account used for tracking credit card payments to your merchant account in QuickBooks Online, not the physical bank account where funds are actually deposited. To change where your funds are being deposited:

  1. Select the Gear icon at the top > Account and Settings.
  2. Select Payments from the menu on the left.
  3. In the Merchant details section, click on Manage Details.
  4. Click the Account self serve section, then Account Profile.  
  5. In the Deposit Account Information section, click Edit.
  6. Enter the last four of your business Tax ID or last four of your SSN if a Tax ID was not provided
  7. Click Submit.
  8. Change the bank account information
  9. Click Save.

Please contact Merchant Sevice at (800) 558-9558 if you need further assistance.

Once a transaction associated with QuickBooks Payments has been saved there isn't a way to change the account associated with the payment. If you've already transfered the funds to the correct account in real life and need to reflect that in QuickBooks Online, here's how: 

  1. Select the Plus icon (+) at the top > Transfer.
  2. Enter the From and To bank accounts, and the amount you wish to transfer. This will move funds out of and into the bank accounts that you need.

 

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