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Before you begin, you’ll need a HoneyBook Balance Checking Account.
Your HoneyBook Balance Checking Account shows your current available balance. Deposits and debits appear in your list of account transactions:
Deposits:
Client payments
Capital loan funds
Transfers from a savings bucket, like your tax savings bucket
Debits:
HoneyBook Balance debit card expenses
Money transfers to external bank accounts
There are 3 key things you want to do in order to get the most out of your account:
Get a quick overview of how your HoneyBook account changes
If you're waiting for your physical debit card to arrive and have already set up a tax savings bucket, learn more below about how your HoneyBook account changes with HoneyBook Balance.
How your HoneyBook account changes with HoneyBook Balance
đź“š Tip
Currently, HoneyBook Balance isn’t an interest-bearing account, so you won’t earn interest on the funds you hold in your account
To update your HoneyBook Balance account information, reach out to the Support team by selecting the Question Mark icon on any HoneyBook page
With your HoneyBook Balance checking account comes some changes to your base HoneyBook account. Check them out below. One thing to note is that your HoneyBook subscription will still get charged to your billing card (which isn’t the same thing as your linked bank account). bank account.
Client payments now land in HoneyBook Balance
To better help you manage your money where you manage your business, client payments will now land in your HoneyBook Balance account. Any subscriptions you have that were linked to your external bank account won’t automatically get transferred to your HoneyBook Balance account though, so you’ll want to tackle that after you’re done setting up your account.
If you use the HoneyBook <> QuickBooks integration, be sure to visit the QuickBooks dashboard and update your bank to be the HoneyBook Balance account.
Free instant deposit on client payments
You’ll get free instant deposits on credit card client payments of up to $15,000 USD since client payments now land in your HoneyBook Balance account. Learn more about instant deposits.
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!
HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.