A deposit account is a bank deposit account where ConnexPoint will deposit transaction funds. You may have multiple bank deposit accounts, and if so, one of those accounts must be designated as the default account.
When you add account codes, you specify which bank deposit account the monies should be assigned to. When a transaction comes over, ConnexPoint looks at the account code and deposits the monies into the designated bank deposit account. In cases where a transaction comes over and its account code is not in the system, ConnexPoint deposits the money in to your default account unless it is otherwise assigned within 24 hours.
Default deposit accounts display a gold star.
Add a deposit account
Prerequisite: You need a picture of a voided check for this account. As part of adding a deposit account, you will upload that picture into the system.
- On the navigation menu, under Configuration, click Deposit Accounts.
- Click Add Deposit Account.
- Fill in your account information and when finished, click Add Account.
The new account goes into a pending state and our underwriting team exercises due diligence. You should receive an email within approximately 1 to 2 business days letting you know if the account is approved.