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What is a Bank Account in ApprovalMax Pay?

A bank account is a financial account maintained by a bank or other financial institution that allows companies to make payments, manage payrolls, receive revenues, and conduct various financial transactions necessary for their operations.

To enable Batch Payments in ApprovalMax Pay, you need to connect ApprovalMax to your bank account.

Currently, we only support payments within the UK and via bank accounts that are compatible with open banking technology* (*financial services system that allows third-party developers to access banking, transaction, and other financial data from banks and financial institutions via an API).

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