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Note: For clarity, we’ve provided more information about different bank account types:
Account Balance is an on-platform bank account created with your platform account by Payrix as an intermediary between settled transaction amounts and the Operating or FBO accounts for your business.
For-Benefit-Of (FBO) Accounts are external bank accounts (e.g. Chase, Wells Fargo) you’ll add to your platform account that your business will use to receive withdrawals from the Portal.
Operating Accounts are external bank accounts (e.g. Chase, Wells Fargo) you’ll add to your platform account that your business will useto pay expenses not covered by the existing platform account balance.
What you’ll learn:
Adding a Bank Account - How to add a new FBO or Operating account to receive credits or debits.
Updating a Bank Account - How to update an FBO or Operating account you’ve already added.
Add or Update a Merchat’s Bank Account - How to add or update an FBO or Operating account for your Merchants.
Dive into the tutorials below and start your journey toward mastering Bank Account Maintenance:
Bank Account Maintenance Use Cases
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