A Review of How to Set Up Direct Deposit:
There are several steps you need to complete in order to set up direct deposit on your site:
OPTIONAL: Grant the person in charge of pushing payments through access to your Payor.
Set Up your Payment Account within your Payor.
👉 Add a Bank Account to your Payor.
Activate direct deposit, by purchasing a direct deposit plan.
Direct your Officials to add their W9 & Bank Account.
This article covers step 5 of 7: adding a bank account to your payor. Be sure you've completed all the necessary steps above this one, prior to completing the steps in this article.
You can learn more about all direct deposit setup steps here: An Overview of How to Set Up Direct Deposit.
How to Add a Bank Account to your Payor
Once you have created your payment account and provided the requested information, your next step will be to add a bank account.
1. Select Financials → [Your Payor Name].
2. Select Direct Deposit → Bank Account.
3. Choose how you would like to verify your bank account.
There are two ways to verify your account: Instant Account Verification and Micro Deposit Verification.
From the Bank Account screen, select the verification option you would like to use:
If your bank is not found when using instant account verification, or if you don't want to provide a bank username/password, you'll verify your account by using the Micro Deposit Verification process.
4. Verify your bank account.
We'll walk through both options for verifying your bank account below.
Option 1 — How to verify your bank account using Instant Account Verification:
The Instant Account Verification option will verify your account immediately, and requires you to provide your bank username and password, the same credentials you would use to access your bank's website.
To move forward with Instant Account Verification, follow these steps:
1. Select Use Instant Account Verification on the Add Bank Account screen.
2. Type a name for your bank account, then select Next: Verify Account.
3. Follow the on-screen prompts, and select Continue when you're ready.
4. Select your bank institution.
5. Type in the Username and Password for your bank account. (This should be the same login information you'd use to log into your bank's website).
6. Select Submit.
7. Select which account you'd like to use, then select Continue.
8. When you're finished, you'll be brought to a page that looks like this, where you can select Continue.
Option 2 — How to verify your bank account using Micro Deposit Verification:
The Micro Deposit Verification takes 1-3 business days, and does not require you to provide bank credentials. We deposit two small amounts into your account, and we will send you an email once the amounts have been successfully deposited. These amounts will be entered into your Assignr account to complete the verification process.
1. Select Use Micro Deposit Verification on the Add Bank Account screen.
2. Enter your bank routing number and account number:
3. Wait to receive the email notification that the micro deposit amounts have been added to your bank account.
4. Navigate to the Financials → [Your Payor Name] page.
5. Next to your bank account, select the Verify Now link.
6. Enter the two amounts we deposited into your bank account.
7. Select Submit.
Once you've done this, you can move onto the final step in setting up direct deposit: activating your direct deposit plan.
Frequently Asked Questions — Adding a Bank Account to your Payor:
1. I've completed the steps above. Now what?
Congratulations! Now it's time to activate your direct deposit plan. You can learn how to do this here: How to Activate your Direct Deposit Plan.
You can view all the steps that need to be completed in order to set up direct deposit in this article: An Overview of How to Set Up Direct Deposit.
2. My bank account has Debit Block / ACH Filters enabled. What do I do?
If your bank account has Debit Block or ACH Filters enabled, you will need to log in to your bank's website and configure the account to allow debits and credits from Assignr.