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1. Update the information for the bank account - PUT /accounts/{id}

2. Upload supporting documentation for the change - POST /noteDocuments

Bank Account Types and Requirements

All Merchants or Referrers boarded to the Platform are required to have an active U.S.-based bank account on file. A bank account serves two purposes for an entity:

• Account for Deposits - Arequired bank account on file to receive deposits from Available Balance funds.

• Account for Debits - A required bank account on file to be debited to cover Negative Balances owed.

Merchants or Referrers can use one bank account on file for both payouts and debits, individual bank accounts for deposits and debits, or multiple bank accounts with unique, individual purposes.

Bank Account Validation

As a Payment Facilitator, the Platform validates any bank account submitted by an entity. This validation includes active status, type of account, & ownership and prevents funds from being sent to an incorrect bank account as the result of a typo or invalid information.

To perform the validation, the Platform uses Plaid to allow Merchants or Referrers to linktheir bank account(s) for instant validation using a Portal lightbox to securely log in to their bank for integration.

Manual Bank Account Validation - Supporting Documents

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