This article covers two methods for adding a new bank account to Routable: (1) connecting via Plaid for automatic verification and (2) using account and routing numbers for manual verification.

Quick Links

• Navigating to Account Settings
• Add a New Bank Account
  • Option 1: Connect via Plaid (recommended)
  • Option 2: Add bank account by entering account and routing numbers
• Matching bank accounts to accounting software GL accounts

Navigating to Account Settings

Go to Bank connections to add payment methods.

Open the profile menu at the bottom of the left-navigation and select ⛭Account settings. 

In your Settings, go to Bank connections. 

Add a New Bank Account

Choose between the following 2 options:

• Option 1: Connect via Plaid (recommended)
• Option 2: Add bank account by entering account and routing numbers

Option 1: Connect via Plaid (recommended)

(1) Click the blue Connect bank account button to connect your bank account. This will open a pop-up window for Plaid's online portal.

In the Plaid portal, follow the prompts to complete the connection.

(1) Select the bank of your choice.

(2) Securely sign-in to your bank account. 

(3) Select the account you wish to connect to Routable.

That's it! Quick and simple. Notice the "Verified" badge. This means you can start using this payment method right away. 🎉 

Option 2: Add bank account by entering account and routing numbers

If Plaid verification isn't available for your banking institution or you'd prefer to manually verify your bank account, there's the option to add your bank account using your account and routing numbers. 

In the Connect a new bank account section, below the blue button, click +Add bank account by entering account and routing numbers. 

(1) Select if you're adding a checking or a savings account.

(2) Enter your routing number and your account number (in both fields). Routable will automatically fill in the bank name once you've entered the routing number (below the Routing number field). 

(3) Click Add bank account to submit your information.

You've made it! The bank account status still shows as "Unverified", because we still need you to verify the micro-deposits sent to your account in order to complete verification.

📚 Visit this article to learn how to verify your payment method.

Matching bank accounts to accounting software GL accounts

• If your Routable workspace is connected to your accounting software, before you can send a payment, you will need to match your Routable bank accounts with your accounting software's GL bank accounts so Routable can properly record your payment transactions. View this article ↗ to learn more about bank account matching.
• Additionally, if your Routable workspace is connected to your accounting software and you enabled clearing accounts, you must also match your Routable bank accounts with your accounting software's GL clearing accounts so Routable can properly record your payment transactions. View this article ↗ to learn more about clearing account matching.