FreshBooks Announces Same-Day Deposits for Small Business Owners

FreshBooks, the 2 small business accounting software in America, with paying customers in 160 countries, today announced its fastest payment to deposit turnaround times to date -- as soon as 24 hours, most on the same day.FreshBooks Payments will now enable U.S.-based FreshBooks customers with a Chase Bank Account to access funds the same day their client makes a payment, subject to daily cut-off times. For FreshBooks customers not banking with Chase, funds can be accessed as soon as next-day, subject to the processing times of their respective financial institution. Historically, small businesses have had to wait an average of 2-5 business days once their client pays to receive the funds in their accounts. This delay hinders cash flow, which is a barrier to growth, and produces unnecessary stress for the business owner.