Intuit plans to add subscription-free access to other QuickBooks small business products, such as bill pay, in-person payment, and lending.

Intuit says there are no monthly fees or minimum balances required to use Money. The system is designed to send invoices or payment requests and receive same-day payments.

Funds in Money are covered with FDIC insurance for up to $5 million. Intuit says this is made possible via a feature that automatically sweeps balances above $250,000 to a network of FDIC-insured banks.