This article outlines the changes in the process for updating your bank account information. Understanding these changes will help ensure a smooth transition for banking detail update requests.

• The Chart represents the Process, which includes:
  • Bank Account Change Request Form
  • Bank Account Confirmation (Voided Business Check/Bank Letter)
  • Plaid Verification (Identification Verification)
  • GIACT Report

ONLINE BANKS RULES

If a merchant submits a copy of a digitally voided check , this is acceptable under 2 conditions: 

1. The Merchant has successfully completed a Plaid Verification 

2. The Voided Check contains ALL of the Merchants Information 

P.S: Bank letters whether digital or physical still follow the guidelines of being signed with either a wet signature or a time stamped esignature