Can we use different bank accounts to fund Procore Pay disbursements?
Answer
Yes. When payors operate multiple business divisions or have multiple checking accounts, add the account(s) to Procore Pay and configure them for each appropriate business entity. Then, choose a default funding account or let your team pick the account to use when creating disbursements. You’ll need to test each account added. You’ll also need to work with your bank to confirm if any prior authorizations must be in place.
Here's how:
- Add bank accounts to use as funding sources: Add Funding Accounts as a Payor
- Set up bank accounts for each of your business entities in Procore Pay: Add Business Entities as a Payor
- Choose a default funding account or let your team pick the right account for each disbursement: Customize the Payment Controls for Your Active Projects