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Procore

Edit a Bank Account as a Payee

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 General Availability in Select Markets (United States)
flag-us.png Procore Pay icon-external-link.png with payments powered by Goldman Sachs Transaction Banking (TxB)* is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management icon-external-link.png functionality in the Procore web application to handle the payment process between general and specialty contractors.
Limited Release
Free Procore accounts are currently only available in the United States and Canada.

Objective

To edit an external bank account that your company has added to receive payments using Procore Pay.  

Background

If you are contracted to do a job for a company using Procore Pay to manage invoice payments, you can add a bank account to your company's account to receive payments. You can edit your bank account's nickname at any time. Additionally, if you have added multiple bank accounts, you can update the 'Deposit Bank Account' that receives payments.

Things to Consider

  • Required User Permissions
    Note: Permissions differ based on whether your company has a free or paid Procore account. See How can I tell if I have a free or paid Procore account?
  • You can only designate one (1) bank account to receive payments per commitment.
  • If you have only one bank account linked, it will be set as your default bank account for invoice payments by default.
  • You can add multiple bank accounts to your Procore account. 
 Note
If you need to edit an existing bank account to update your company's personal or financial information, you must add it as a new bank account and deactivate the existing bank account.

Steps

  1. Navigate to your company's homepage. See How do I change companies?
  2. Navigate to the Payments tool.
  3. Click the Configure Settings icons-settings-gear.png icon.
  4. Click External Bank Accounts.
  5. Click the Vertical Ellipsis icon-ellipsis-vertical.png next to the bank account.
    • To update the 'Account Nickname':
      1. Click Edit. 
      2. Update the 'Account Nickname'.
      3. Click Agree & Continue.
    • To update which bank account receives payments:
      1. Click Select as Deposit Account.

See Also