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22. Online Banking Services > Setting Up Your Accounts for Online Services
Connecting your bank accounts to your accounts in QuickBooks is a lot like running a dating service: You have to prepare each participant for the relationship and then get them together.
The services you can subscribe to and the price you pay depend on your financial institution, but the services fall into one of these three categories:
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Online account access. This service is often free. It lets you check transaction status and download transactions into QuickBooks. Your bank won’t admit it, but letting you check your account balance and transaction status online is cheaper than having you chat on the phone with customer service representatives.
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Online credit card access. You can download credit card transactions as you do checking transactions, as long as you set up your credit card in QuickBooks as a liability account (Handling Bounced Checks) and enter individual credit card charges. Setting up a credit card as a vendor and entering only the monthly bill payment won’t work.
