Choosing the right banking platform is a big deal for small business owners—especially when you want your money to work harder and your financial life to get easier, not more complicated. Holdings and QuickBooks Money are two of the most popular modern options for SMBs, but they take very different approaches to banking, accounting, and automation. Here’s a side-by-side look at what each offers, who they’re best for, and how to compare Holdings to other top business banking solutions.
Quick Comparison Table
Feature | Holdings | QuickBooks Money |
|---|---|---|
Interest/APY | Tiered: up to 3.0% APY for large balances | 3.00% APY on funds in “envelopes” |
Monthly Fees | None | None |
FDIC Insurance | Up to $3 million | Up to $5 million |
Accounting Integration | Built-in, automated, plus QuickBooks integration | Part of the QuickBooks ecosystem |
Bookkeeping | Optional full-service bookkeeping | Not included |
Invoicing & Bill Pay | Built-in, unlimited | Built-in, unlimited |
Wire/ACH Fees | None | None |
ATM Access | Allpoint network, cash deposit options | 19,000+ Allpoint ATMs, 4 free withdrawals/mo |
Cash Deposits | Supported | Not supported |
Same-Day Deposits | Standard ACH/wire speeds | Free same-day deposit on eligible payments |
Mobile App | Yes | Yes |
What Makes Holdings Stand Out?
All-in-One Financial Hub: Holdings combines zero-fee banking, high-yield APY, integrated accounting, invoicing, bill pay, and even optional full-service bookkeeping—all in one platform.
Tiered High-Yield APY: Earn up to 3.0% APY on large balances, so your cash reserves actually grow.
No Hidden Fees, Ever: Unlimited free ACH, wires, and transactions. No monthly fees, no minimums, no surprise charges.
Cash-Friendly: Deposit cash at supported locations—something QuickBooks Money doesn’t offer.
Automation for Busy Owners: Automated reporting, reconciliation, and financial management built right in, so you spend less time on admin and more on growth.
Where QuickBooks Money Shines
Seamless QuickBooks Integration: If you already use QuickBooks for accounting, QuickBooks Money fits right in.
Flat 3% APY on Envelopes: Earn 3% APY on any funds you set aside in “envelopes” (savings sub-accounts).
Free Same-Day Deposits: Get eligible payments in your account the same day, even on nights and weekends.
Flexible Payment Acceptance: Let customers pay via credit, debit, ACH, Apple Pay, PayPal, or Venmo.
No Monthly Fees or Minimums: Like Holdings, QuickBooks Money is built to be fee-free for most users.
Who Should Choose Which?
Holdings is best for:
SMBs with larger cash reserves who want to maximize interest earnings
Businesses that want integrated banking, accounting, and bill pay in one place
Owners who value automation and optional full-service bookkeeping
Companies that need to deposit cash or want unlimited free wires and ACH
QuickBooks Money is best for:
Businesses already using QuickBooks for accounting
Companies that want a flat 3% APY on savings envelopes
Owners who need same-day access to customer payments
Businesses that don’t need to deposit cash or write checks
What About Fees and Limits?
Holdings: No monthly fees, no transaction fees, no wire/ACH fees, unlimited free money movement, and no minimum balance requirements.
QuickBooks Money: No monthly fees, but only four free ATM withdrawals per month (then $3 each), and no support for cash deposits or checks. Payment processing fees apply for card/ACH payments.
Compare Holdings to Other Top Business Banks
Curious how Holdings stacks up against other leading business banking solutions? Explore these in-depth comparisons:
The Bottom Line
Both Holdings and QuickBooks Money offer modern, fee-free banking for small businesses—but Holdings stands out if you want to maximize your interest, automate your finances, and manage everything in one place. If you’re ready for a banking partner that helps your business earn more and work smarter, Holdings is built for you.
Ready to see how Holdings can transform your business finances? Explore our full suite of comparisons above, or get started today