Enable Bank Account Verification

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

You can enable the Bank Account Verification feature, from the either Banking Export Setup page or the assisted guide Set up Security.

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

• CB BANK ACC. VERIF.
• CB Admin
• Admin
• SUPER

Use the Banking Export Setup page

The fastest way to enable bank account verification is from the Banking Export Setup page. Under the Approval FastTab, you simply turn on the Use Bank Account Verification toggle.

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, using the additional settings under the Approval FastTab, you can allow users with the Verifier or Admin permission sets to approve their own changes.

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.

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 same options for tweaking the configuration. However, an 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.

You access the assisted Set up Security guide from the Continia Banking Setup page > Assisted Setup.

Other resources

• Enabling Bank Account Verification (article on Continia Docs)