Use Cases: Bank Account Maintenance

Welcome to the Bank Account Maintenance Use Case Tutorials!

Whether you’re a beginner or an experienced Portal user, these tutorials are designed to help you add new For-Benefit-Of (FBO) or Operating accounts (collectively “bank accounts”) to your platform account to receive the withdrawals of your transaction processing funds and debits for costs that may be associated with platform usage when the available balance is insufficient. Explore our step-by-step guides with tips and resources tailored to users of the platform.

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

Tip: New to the platform? Enhance your understanding of key concepts and processes by exploring our reference material for Bank Account Maintenance:

• Adding a Bank Account

• Updating a Bank Account