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).
Related Articles
Banks supported by ApprovalMax Pay
ApprovalMax Pay currently supports payments within the UK and uses open banking technology, which allows secure access to banking data via APIs. Currently, the following banks are supported: Allied Irish Bank Allied Irish Bank Business American ...
How to add a bank account in Xero
When creating an Airwallex Batch Payment, it is mandatory to specify the Xero bank account to be used. If you need to create a bank account in Xero, you can refer to this article for instructions. Create a bank account in Xero: Find your account in ...
How can I purchase ApprovalMax Pay?
ApprovalMax Pay is now available for purchase for Xero-connected Organisations (currently, only Stripe-billed subscriptions and the GBP currency are supported). We're working on adding other billing channels and will roll them out shortly. This is ...
What is the Supplier Bank Account Validation?
During the setup of a Xero Batch Payment workflow, ApprovalMax allows the Organisation Administrator to decide whether the Supplier Account field must be filled in (is Required) or can be left empty when creating a Xero Batch Payment: If the field ...
About ApprovalMax
ApprovalMax was founded in March 2014 by a team of workflow/BPM professionals who are passionate about easy tools that reduce complexity, deliver simplicity, and just work. Our goal is to provide finance managers and accounting outsourcing companies ...