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What is a Bank Account in ApprovalMax Pay?

Updated over 2 months ago

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