Intuit is rolling out their newest rendition of Bank Feeds to QuickBooks users on May 8, 2026. We previously reported that Intuit had indicated the 'opt' for existing Bank Feeds would come to an end at the time of the transition.
Intuit has now reported that the 'switch-back' (to the current version of Bank Feeds) will continue to be available for a limited time in order to give users and their Advisors (accountants, bookkeepers and ProAdvisor) time to adapt. Intuit will advise users of the termination of the switch-back option in advance of its removal.
Users of QuickBooks Online, QuickBooks Ledger, QuickBooks Online-Accountant, Intuit Accountant Suite and Intuit Enterprise Suite will all see the transition to what Intuit is referring to as 'high-speed bank feeds' which they first introduced last July. Since that time, Intuit has made multiple enhancements to address user reported issues including 'parity gaps' between this new Bank Feed and the previous (current) one.
The new bank feed offers 'faster performance', thus the name "high-speed bank feeds." It also offers in-line editing without having to open each transaction to edit names, categories, and classes. Full bank details are as simple as hovering over the transaction row.
AI-power is employed to suggest vendor names and transaction categories and when QuickBooks determines 'confidence is high', it pre-fills the field(s) for you to review. For most QBO subscription levels, transactions coded with 'high confidence' are grouped together so they can be posted with a single click.
Bank Feeds is working in the background, which means that transactions post without you having to wait for QuickBooks to download and process them for your approval or edit. And, when you do decide to work on Bank Feeds, you can streamline the process with user defined columns you find most beneficial. You can also add documentation to transactions with drag and drop, and much more.
Overall, the new Bank Feeds are designed to streamline your banking workflow and save you and your client's time. Even so, Intuit has heard your feedback and extended the time you have to adjust to the look, feel and experience of the new Bank Feeds by continuing the 'switch-back option.'
See, 'feedback' does work... so keep it up. And let us know what you think about the new Bank Feeds by posting your comments to this article.
Footnotes and Disclosures:
Feature content adapted from Intuit media source content. Insightful Accountant is not responsible for any original Intuit content.
Intuit® Inc., is a publicly traded corporation headquartered in Mountain View, California. Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
Other trade names or references, if any, used within this feature refer to registered, trademarked, or copyrighted materials held by their respective owners and are included only for informational and educational purposes.
This is an editorial feature, not sponsored content. No vendor associated with this article has paid Insightful Accountant or the author any remuneration to be included in this feature. The article is provided solely for informational and educational purposes.
Note: Registered Trademark ® and other registration symbols (such as those used for copyrighted materials) have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. We attempt to credit such trademarks or copyrights within our respective article footnotes and disclosures.
The headline graphic was generated by HubSpot AI-Assistant.