Adding a Bank Account
To connect a Bank Account to your Organization (entity) click the Add New Account button and enter the required information for the Bank Account. Click the Save Changes button to save the Bank Account and connect it to your Organization.
Note: after connecting the first Bank Account to your Organization, additional Bank Accounts that are added will be required to be confirmed as an additional security measure before they become active and usable for your Organization.
You will receive an email notification that will allow you to Confirm the Bank Account.
Custodial Accounts
When adding a Custodial Bank account, you have the option of withdrawing funds from your Digital Wallet via paper check to a Custodial account, which will send a physical check to the address entered for the Custodial bank account.
Withdrawing funds from your Digital Wallet via paper check is available since not all custodians accept electronic funds transfers. If you will be withdrawing funds from your Digital Wallet to a Custodial account, please first confirm the accepted methods of funds transfers with your custodian.
Editing a Bank Account
To edit a Bank Account click the Edit Account link for the specific Bank Account. From the edit screen you can Start or Complete Verification (if the Micro Deposit Verification process is not completed), Set as Primary Bank Account which will default the Bank Account as the first choice when selecting a Bank Account for making payments, or delete the Bank Account by clicking the Delete Bank Account link.
Note: please see Micro Deposit Verification for more information about the verification statuses and process to verify Bank Accounts.
Note: for security purposes the details of a Bank Account cannot be edited once the Bank Account is connected to your Organization. If the details of a Bank Account need to be updated, you will need to click the Delete Bank Account link to delete it and then click Add New Account from the Bank Accounts area.