How to set up a bank account connection with ApprovalMax

How to set up a bank account connection with ApprovalMax

It takes three steps to connect a bank account and ApprovalMax
  1. Select a bank and country from the list of available options (banks that support open banking)
  2. Confirm the connection in your banking app (mobile or web-based)
  3. Match the connected bank account to your Xero bank account to have payments correctly reflected on the Xero side

This is how you select a bank and country from the list:

  1. Find your ApprovalMax Organisation in the main menu and open Bank Accounts under Workflows And Settings:


  2. Click on either the +NEW BANK ACCOUNT or +ADD BANK ACCOUNT button:


  3. Select the country and bank, then click on NEXT:



This is how you confirm the connection in your banking app (mobile or web-based):

  1. Log in to your banking application from a desktop computer, or from a mobile device using the QR code:

  2. Authorise the connection to ApprovalMax.
  3. Proceed to matching your connected bank account to your Xero bank account.

This is how you match your connected bank account to your Xero bank account:

The connected bank account must be matched to your Xero bank account for further reconciliation purposes: every transaction that you execute in ApprovalMax Pay using a connected bank account will appear in Xero against the bank account that you have specified in this section.
  1. Select the respective Xero bank account and click on MATCH:



  2. If you don't have a Xero bank account, click on the +NEW XERO BANK ACCOUNT button to create one.
    State an account name, the sort code and account number, then click on CREATE:

Please note: you also need to set up Contact payment details to enable Bill payments in ApprovalMax Pay. Only users with the respective permissions can add Contact payment details.


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