Adding a bank account


To send or receive payments, your bank account details are required! Details are stored securely in the Plooto account

To add new bank accounts to an existing company, a user must have permission to add bank accounts in the Plooto account. By default, the Administrator of your Plooto account has this permission. Also, anyone assigned the role of CFO and Accountant will have this permission

1. Select Bank in the main menu and click on + Add Bank Account

2. Provide your bank account details

3. Select the Signing Authorities over this bank account or add any additional Approvers required

  • Users who have already been added to Plooto will appear here, where you will have the option of selecting or unselecting them
  • To invite new Approvers, you will need to provide their contact information.  They will automatically receive an e-mail invitation to join your company as a Signing Authority


4. Select the number of Signing Authorities

  • This section with only appear if there are multiple Approvers
  • Here you are asked to select how many Approvers are required to authorize transactions for this bank account

Note for Plooto Instant users:  At present, Plooto currently defaults to all signing authorities required for Plooto Instant transactions.  While an ability to modify this will be released shortly, for any immediate changes please contact support@plooto.co
 

5.  Click on Save Bank Information



Note: A micro deposit with PIN code will be issued within 24 hours to verify the bank account. To complete the activation process, the PIN code must be entered within Plooto. More details on verifying your bank account can be found here


OR

If you hold an account at one of the big banks, you will be able to enter your online banking credentials and select the account you want to connect.  The process will follow the steps outlined in these images:

Select the bank where the account is held



Enter in your Card Number and Password



Answer the Security Question



Select the account you want to link


This method is instantaneous and your account will be verified once you've successfully answered the security question and selected the account.

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