How do you add bank accounts to Procore Pay?
Background
To learn about the bank accounts needed to send and receive payments with Procore Pay, please read What are the different types of bank accounts in Procore Pay?
Answer
How and when you add a bank account to Procore Pay depends on your role in the payment process:
To send payments with Procore Pay
To send payments with Procore Pay, a payor must have at least two (2) bank accounts:
- Deposit Account. One of the first steps to complete during the Procore Pay implementation process is to open at least one (1) deposit account. This requires the assistance of the Payments Operations team at Procore. Your company can also request to open additional deposit accounts later. See Open a Deposit Account for Procore Pay as a Payor.
- Funding Account. After opening a deposit account, a Payments Admin can add one of your company's bank accounts to the Company level Payments Tool. You must have an open deposit account before you can complete the steps in Add a Funding Account.
To receive payments with Procore Pay
To receive payments from a General Contractor using Procore Pay, a payee must have at least one (1) bank account. To learn how to add it to Procore Pay, see Add a Bank Account as a Payee.