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Enable Bank Account Verification

  • 4 Min.

The Bank Account Verification feature is an integrated part of the Payment Approval module and therefore, you must activate that module before you can enable the feature.

Tip

For details about how to activate the Payment Approval module, please refer to the article Activate Continia Banking on Continia Docs.

You can enable the Bank Account Verification feature, from the either Payment Management Setup page or the assisted guide Set up Payment Approval.

Only users with the following permission sets can enable bank account verification:

  • CPM BANK ACC. VERIF.
  • CPM Admin
  • CPM365 APPRADMIN
  • SUPER

Use the Banking Export Setup page

The fastest way to enable bank account verification is from the Payment Management Setup page. Under the Purchase and Payments FastTab, in the Approval section, you simply turn on the Use Bank Account Verification toggle.

PM Payment Management Setup Use BAV

At the same time, you’ll be asked if you want to verify the bank accounts you’ve previously made payments to. Opting for Yes assigns the Verified status to the bank accounts.

By default, users can't both change the bank account details and approve them. However, if you use the Set up Payment Approval assisted guide, you'll have a few more configuration options.

Use the Set up Security guide

As Bank Account Verification is closely integrated with using approval workflows, you can enable both features in the assisted Set up Security guide.

When you enable bank account verification using this guide, you have the additional options for tweaking the configuration, such as allowing users with the Verifier or Admin permission sets to approve their own changes to bank account details.

Additionally, you have the option to automatically block any payments to unverified bank accounts using the Block Payment Export toggle. This toggle is enabled by default, but you can disable it if you prefer the flexibility. You'll still be warned in a notification if you are about to send a payment to an account where the payment details have been changed and not verified.

PM Set up Payment approval guide config options

Another advantage to using the assisted guide is that you'll also get an overview of all the unverified bank accounts that you have yet not made payments to. During the setup guide, you have the option to manually verify those accounts right away.

CB Payment approval guide verify bank accounts

You access the assisted Set up Security guide from the Payment Management Setup page > Assisted Setup.

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