Before adding a bank account in CashCloud, you must first create a payor and a bank. This guide will walk you through the steps to create both a bank and a bank account, ensuring that your payment processes are set up correctly.
Before getting started, make sure you have created Payors, or do so now.
A Payor is required before being able to link banks and bank accounts.
Add a New Bank
Navigate to the Banks Section:
Go to the Settings section using the left navigation sidebar.
Under the Banks subgroup, select Banks.
The page will refresh to show a list of all existing banks.
Create a Bank:
Click the purple Create Bank button in the top right corner.
Fill in the required fields:
Bank Name: The official name of the bank.
Country: The country where the bank is located.
Address Information: Input the bank's address details.
(Optional) Add a photo associated with the bank by clicking the purple plus icon.
Payment Types: Choose the types of payments you want to enable from this bank (e.g., Positive Pay, Direct Deposit/ACH).
Account Number Format: Specify the length and filler of the account numbers associated with this bank.
Transit Fraction Information: Input the transit number used to identify the bank on checks.
Click Create Bank to save the bank to your profile.
Add a New Bank Account
Navigate to Bank Accounts:
In the Settings section, select Bank Accounts under the Banks subgroup.
A dashboard will display all existing bank accounts linked to your CashCloud account.
Create a Bank Account:
Click the purple Create Bank Account button at the top right of the page.
Complete the form with the following details:
Bank: Select the bank you wish to use.
Account Nickname: An easy-to-remember name for this bank account.
Associated Payor: Choose the payor created in Step 1.
Currency: Specify the currency used for this account.
Account Number and Routing Number: Enter the relevant numbers provided by the bank.
Account Type: Select the type of bank account (e.g., Savings, Checking).
Account Code: An optional code for further identification.
Payment Types: Select the payment methods allowed for this account (e.g., Checks, eChecks, Direct Deposit/ACH).
(Optional) Advanced Configuration: Set the Data Group and Output if needed.
Click Save to create the bank account.
