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Deactivate Funding Accounts 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.


To deactivate a funding account for Procore Pay. 


Only a Payments Admin can deactivate a funding account in the payor environment. You will deactivate accounts when you no longer want your Payments Disbursers to select that account for drawdown requests on new disbursements. 

Things to Consider



  1. Navigate to the Company level Payments tool.
  2. Click the Payments Settings icons-settings-gear.png icon.
    This opens the Payments Settings page. The Funding Accounts tab is active by default. 
  3. Locate the account to deactivate. 
  4. Click the Overflow menu and choose Deactivate from the drop-down menu. 

    Can I deactivate a default account? No. The default account cannot be deactivated unless you first assign another account as Procore Pay's default account. See Set a Default Funding Account.

  5. In the 'Deactivate Funding Account' confirmation prompt, review the message.

    Before you deactivate the funding account, be aware of the following:

    • If the account being deactivated is also your default funding account, a Payments Admin must first set a new default account for those projects. See Update Your Project's Bank Accounts.
    • Once deactivated, Payments Disbursers will no longer be able to select the funding account when creating new disbursements. 
    • Drawdown requests for existing disbursements are NOT canceled. If the existing disbursement's funds request is successful, the aggregate disbursement amount will be withdrawn and the funds will be transferred to your Goldman Sachs deposit account to process all of the payment orders. 
  6. If you agree, click Deactivate
    Procore Pay marks the account Deactivated and the account is grayed out and moved to the bottom of the Funding Accounts list. 


See Also