How-to: Add a Deposit-Only Bank account

Sheena TrepanierSheena Trepanier Expensify Success Coach - Admin Posts: 1,320 Expensify Team
edited November 2020 in How-to Docs

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!

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