How-to: Add a Deposit-Only Bank account

Sheena Trepanier · September 2019

Who should add a deposit-only bank account

Employees who will be reimbursed for expense reports submitted to their employee.
Vendors who will be paid for invoices submitted to their customers/clients.

Important notes about adding a deposit-only bank account

These features are currently only offered in the U.S.
The connected bank account is ready for immediate use.
Employees should add their personal bank accounts to their own Expensify account at Settings > Account > Payments.
A vendor has the option to add a personal bank account or business bank account to receive direct payments for your invoices.
An employee can only add a personal bank account to receive reimbursements.

Adding a Deposit-Only Bank account

Step 1: Navigate to your Settings > Account > Payments and click the Add Deposit-Only Bank Account button.

Step 2: Click Log into your bank button and click Continue on the Plaid connection pop-up window.

Search for your bank account is the list of banks and follow the prompts to sign-in to your bank account.
If your bank isn't supported, click the 'x' in the upper right corner of the Plaid pop-up window and click Connect Manually.

Step 3: Enter your bank login credentials

Note: If your bank requires an additional security checkpoint, your bank will prompt you after the login details are entered.

Step 4: If you have more than one account under that login, you will be able to select from them during this step. Otherwise, you'll see a Success message.

Note: Please ensure the account you connect to has Direct Deposit/ACH enabled.

Step 5: (For the Manually Enter Account Details option only): Enter your account information:

When the Deposit-Only bank account is ready to receive payments once you see this screen!