---
title: "Adding a Bank Account"
source_url: https://docs.rapyd.net/en/adding-a-bank-account-383787.html
lang: en
---

# Adding a Bank Account

Define multiple bank accounts. Your company might need separate accounts for different currencies or different countries.

You must have Owner or Administrator privileges to add a bank account.

### How to Add a Bank Account

To define a bank account:

1. Sign in to the production environment as described in  [Signing in to the Client Portal](https://docs.rapyd.net/en/signing-in-to-a-rapyd-business-account.md "Signing in to a Rapyd Business Account")  and navigate to  **My Account**  >  **Settlements**  .

   The  **Settlements**  page appears.

   ![64808cd03cfdc.png](image/img-13f5f7f15fd93ddfe241711007b9c4ba.png)
2. To add your first bank account, tap  **Add Bank Account**  in the  **Bank Account**  section.

   The  **Add Bank Account**  dialog box appears:

   ![64808cd232a1b.png](image/img-e9431872e0531ee907b28108a2ccecbe.png)
3. Provide the following information:

   - Under  **Account Type**  , select  **Business**  or  **Personal**  .
   - When more than one client wallet is available, select the Wallet linked to your account in the drop-down menu.
   - In the  **Country of Bank**  drop-down list, select the country where the bank is located.
   - In the  **Currency of Account**  drop-down list, select the currency of the bank account.
4. Tap  **Next**  .

   The following panel appears:

   ![64808cd440458.png](image/img-e3f0c0cb5f892ded6f64d2228d6b254d.png)
5. Enter the values for the  **Reporting Information**  fields. Rapyd financial reports use these values to identify the account:

   - **Account Nickname**  - A unique internal alias, such as  **US Dollar Account**  .
   - **Bank Name**  - The bank's name (e.g., Bank of America, Chase Bank).
   - **Reference ID**  - A unique identification that can be added to settlements.
6. Enter the values for the  **Bank Details**  fields.

   **Note**  : These fields might vary depending on your bank account's country and currency.

   ![64808cd5d17ec.png](image/img-96519230f73df86fb5efe30444dcb121.png)

   - **IBAN**  - International Bank Account Number
   - **BIC SWIFT Code**  - The Business Identifier Code associated with the bank.
   - **Sort Code**  - The UK routing number used for the account.
   - **Account Number**  - The numerical identifier of the bank account.
   - **Beneficiary Name**  - The name of the beneficiary associated with the account.

     **Note**  : The Beneficiary Name must match the name of the Bank Account to settle funds.
7. Tap  **Submit**  .

   The new bank account appears under  **Bank Accounts**  .