Configure Bank Account for ACH Payments

This article provides step-by-step instructions to help you set up and configure your bank account for accepting ACH payments for membership purchases online. ACH (Automated Clearing House) payments enable secure, electronic transfers directly between bank accounts, offering a cost-effective and efficient way to process client payments.

Things to know:

• The ability to accept ACH payments is controlled by the 'Enable ACH Payments' hidden setting, which can only be activated by the MyTime team. To enable this feature, please contact support@mytime.com. 
• This feature is available for accounts using both Stripe and Global Payments as their payment gateway in the US and Australia. 
  
• For franchise businesses, child accounts with multiple locations can assign a separate bank account to each location for ACH payments.
  

Configure Bank Account for Reconciliation

Once the hidden setting is enabled:

1. Navigate to Business Setup > Payments & Deposits
2. Scroll down to the "Setup Bank Account for ACH" section
3. Click +Add Bank Account hyperlink  
4. Here, you can enter the bank account information      
   

   Field	Description
   Select All Applicable Locations For This Account	Select the location(s) to which this bank account will be applicable to
   Account Type	Select the account type, company, or individual
   Routing #	Enter the routing number for the bank account
   Account #	Enter the account number for the bank account
   Account Holder Name	Enter the name of the account holder
   Country	Enter the name of the country where the bank account is registered
   I accept HSA/FSA Cards	Checking this checkbox for accepting health saving account cards or flexible savings account cards will display a dropdown to choose what type of HSA or FSA card you accept.

5. Once all the information is entered, click save
6. You will then be directed to the Stripe Onboarding process 
   • Complete your business details
   • Verify you represent your business
   • Review the information, then click Agree and Submit                                                                                                                      
7. You will be redirected back to the Payments & Deposits page in MyTime. The bank account will be displayed 
8. Click Save 

Congratulations on successfully setting up the bank account for ACH payment. 

For more information, contact us at support@mytime.com or (385) 233-6964.