When working with suppliers and customers in Banqup, you'll need to store their bank account details for payment processing. With this information on file, you can quickly make payments, maintain different accounts for various purposes, and set defaults for each partner to ensure efficient transactions.
Adding a bank account
You can add a bank account when adding a new business partner. The steps below focus on adding a bank account to an existing business partner.
To add bank account information for an existing business partner:
Go to Business Partners.
Find the partner whose bank details you want to add.
Click on the three dots next to their name, then select View details.
Navigate to the Bank Accounts tab.
Click Add bank account.
Enter the bank account information:
Country
Account number (e.g. IBAN)
BIC (optional)
Currency of the account
If this will be the primary account for the partner, tick the checkbox "Mark this account as the default bank account to be used".
Click Save to store the information.
The bank account will now be saved to the business partner's profile and available for selection during payment processing.
Important notes
You can add multiple bank accounts for a partner if needed.
Bank account details can be edited.
Setting a default bank account speeds up payment processing as it will be pre-selected during payments.
FAQ
Can I add bank accounts for both suppliers and customers?
Yes, you can add bank account details for any type of business partner in your Banqup account.
Can I edit bank account details after saving them?
Yes, you can update bank account details at any time by returning to the business partner's profile, navigating to the Bank Accounts tab, and selecting the account you wish to edit.
How do I change which bank account is the default?
To change the default bank account of a business partner, go to the Bank Accounts tab in the business partner's profile, select the account you want to make default, and tick the checkbox "Mark this account as the default bank account to be used".