How-to: Add an Australian business bank account

Sonia Liapounova
Sonia Liapounova Expensify Success Coach - Admin, Expensify Team Posts: 210 Expensify Team
edited May 2023 in How-to Docs

Adding an AUD withdrawal account (for admins)

A withdrawal account is the business bank account that you want to pay your employee reimbursements from. Please visit our US reimbursement page if you want to add a US withdrawal account.

Pre-requisite: Your policy currency must be set to AUD and reimbursement setting set to Indirect to continue.

Step 1: Go to Settings > Your Account > Payments and click Add Verified Bank Account

Step 2: Enter the required information to connect to your business bank account. If you don't know your Bank User ID/Direct Entry ID/APCA Number, please contact your bank and they will be able provide this.

Note: Some financial institutions require an ABA file to include a self-balancing transaction. If you are unsure, please check with your bank to ensure whether to tick this option or not, as selecting an incorrect option will result in the ABA file not working with your bank's internet banking platform.

Once added, your withdrawal account will appear like this:

Upgrading to Global Reimbursement

If you want to upgrade your existing Australian Business Bank Account (previously used for ABA batch payments), you will need to delete it and follow the instructions here.

Linking the withdrawal account to your policy

Step 4: Go to Settings > Policies > Group > [Policy name] > Reimbursement and click Direct reimbursement for the policy:

Step 5: Set the default withdrawal account for processing reimbursements and then you're done. Tell your employees to add their deposit accounts and start reimbursing

Deleting a bank account

Bank accounts are easy to delete! Simply click the red Delete button in the bank account under Settings > Account > Payments.

You can complete this process either via the web app (on a computer), or via the mobile app.

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