Skip to main content

Approve a Beneficiary Bank Account as a Payor

 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.
 Requires Multi-Factor Authentication
To help safeguard your financial operations, the user performing this sensitive transaction is required to authenticate their identity using Multi-Factor Authentication (MFA). See What is MFA and why does Procore Pay require it?


To approve a payee's beneficiary account as a Payments Admin or Payments Beneficiary Approver so they can receive payments from Procore Pay. 


After your beneficiary company adds a bank account, a Payments Admin or Payments Beneficiary Approver must approve it. Approving a beneficiary account provides payees with the ability to receive payments to the correct account. 

Things to Consider

  • Required User Permissions
  • Additional Information:
    • Payors receive an email notification when beneficiary accounts are awaiting review and approval. For details about the email and recipients, see When does Procore Pay send email notifications?
    • A beneficiary's bank account only needs to be approved once to make payments to it.
    • If the beneficiary company changes its bank account, you will need to approve the new bank account information.
    • You can only approve beneficiary bank accounts or leave them in a 'Needs Review' status. You cannot reject a bank account.
    • You cannot currently change the status of an approved bank account.
    • Bank accounts that need review will show first in the list order.



  1. Navigate to the Company level Payments tool. 
  2. Click the Beneficiaries tab.
  3. Locate the beneficiary and click Manage.
  4. Review the beneficiary's information for accuracy:
    • Directory Record. Shows the beneficiary's information in the company record of the Directory tool. See Add a Company to the Company Directory.
    • Company Profile. Shows the beneficiary's profile information as the beneficiary submitted it. See Set Up Procore Pay as a Payee.
    • Bank Account. This is the bank account number for payments submitted by the beneficiary. 
      What if the information in the Directory Record and Company Record are different? If the information submitted by the beneficiary is different from the information in the Directory tool, Procore recommends contacting the beneficiary to determine if your Procore Administrator needs to make an address change in their company record. To learn more, see Edit a Company in the Company Directory.
  5. If the information is correct, click Approve for Payment.

This sets the account's status to 'Approved', enabling it to receive payments through Procore Pay.

See Also