How Do I Add or Edit a Bank Account?

Manage banking information inside the Payments Portal.

Adding a New Account

Click on the Profile icon at the top of the Portal.
Open the Banking tab.
Click on the +Add New Account button. A pop-up will appear through which you can choose how you want to add the account.

Option 1: Add a Bank Account Manually

When given the options, click "Add Account Manually".
Complete the required bank account fields and hit Add when complete.
- You can also open Advanced Options for additional optional fields.

Option 2: Link a Bank Account Using Plaid

When given the options, click "Link Account".
Select the account usage.
Once you are redirected to Plaid's secure web page, follow the prompts to log into your online banking platform to link a new account. Click Submit when complete.

A bank account serves two purposes for a Merchant:

Bank account for deposits
- Merchants are required to have a bank account on file in order to receive deposits for the money in your "Available Balance". This processing income is sent via ACH to your bank account on file through a withdrawal/payout.
Bank account for debits
- When a Merchant has a negative Available Balance, (as a result of a dispute or refund for a transaction that was already deposited to your account, for example) JobNimbus Payments will generally debit your bank account to cover the negative balance. Therefore, Merchants are also required to have a bank account on file for debits. JobNimbus will initiate a debit once a negative balance has reached -$100.

You can have a single bank account on file for both payouts and debits, one bank account on file for deposits and another for debits, or you can submit multiple bank accounts and select a unique purpose for each.

Editing an Existing Account

Click on the Profile icon at the top of the Portal.
Open the Banking tab.
Click the Edit Account button.
Relink the account via Plaid or manually edit the information.
Be sure to Save your changes once you are finished.