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

# Adding a Merchant Bank Account

A Partner can add a bank account on behalf of a merchant before the merchant is KYB approved.

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

### How to Add a Merchant Bank Account

1. Sign in as described in [Signing In To the Partner Portal](https://docs.rapyd.net/en/signing-in-to-the-partner-portal.md "Signing In To the Partner Portal") and navigate to the **Merchants** tab. The **Merchants** page appears.

   ![adding-a-merchant-bank-account-flow-1.png](image/img-edcf0057b287179854d89c2de638f6d7.png)
2. Click on the **Pending** tab on the **Merchants** page above the table.

   ![adding-a-merchant-bank-account-flow-2.png](image/img-a481ecad37a2deff0d14cda02e5216cb.png)

   > **Note:**
   >
   > The merchant must have a KYB status of **Idle** or **In Review** for the Partner to add a merchant bank account in the Partner Portal. Once a merchant is KYB approved, they will be able to add a bank account from their Client Portal account.
3. Click the row of the merchant you would like to view.
4. The **Merchant Details** page appears.

   ![adding-a-merchant-bank-account-flow-3.png](image/img-291ad3c4a10a81fc657a5b49f916f5c4.png)
5. Scroll down to the Bank Accounts subsection.

   ![adding-a-merchant-bank-account-flow-4.png](image/img-438167537c2638af55b3f2a8e3c0c3f3.png)
6. Click the **+ Add bank account** button.
7. The Add bank account window appears.

   ![adding-a-merchant-bank-account-flow-5.png](image/img-1589222dfd5fb0bba44af5368f805aeb.png)
8. Fill out the following required fields:

   - Account type - Select **Business** or **Personal**.
   - Country of bank - Select the country where the bank is located.
   - Currency of account - Select the settlement currency.

     **Note**: The currency may already be pre-selected.

   ![adding-a-merchant-bank-account-flow-6.png](image/img-3c720fbff2a24c5b005d33faf22a0249.png)
9. Click **Next**.

   ![adding-a-merchant-bank-account-flow-7.png](image/img-e986f8d3a1454958c9ef6af4d2d11f04.png)
10. Enter the following required fields:

    - Account nickname - A unique internal alias.
    - Bank name - The bank’s name.
    - IBAN - International Bank Account Number.
    - BIC SWIFT Code - The Business Identifier Code associated with the bank.
    - Sort Code - A routing number used for UK bank accounts.
    - Beneficiary Name - The name of the beneficiary associated with the account.

      **Note**: The Beneficiary Name must match the name of the Bank Account Holder in order to settle funds.

    ![adding-a-merchant-bank-account-flow-8.png](image/img-0b3e198b83d37207f39868f50b42826d.png)
11. Click **Submit**.

### Bank Account Verification

You need to verify your merchant’s bank account information when linking their bank account to Rapyd through the Partner Portal.

### Verifying a Bank Account with a Bank Statement

You can verify your bank account information using your bank statement with the following steps.

**Note**: The country of origin for your bank account must be a country that is not the UK.

1. After adding your bank account information, the **Bank account added** dialog box appears.

   ![adding-a-merchant-bank-account-flow-9.png](image/img-f3fb9e5eb076cd504ffee2d87f6f8b7d.png)
2. Click the **Upload bank statement** button.
3. The Upload bank statement dialog box appears.

   > **Tip:**
   >
   > Before we can settle your funds, our team will need to verify your bank account. Please upload your bank account statement.
   >
   > Uploading your bank account statement is **required** for your bank account to be verified. The uploaded statement must match the details of the added bank account. The bank statement must be issued from 6 months ago or earlier. A bank statement issued after 6 months will not be approved. You will be able to settle funds once your bank account is verified.

   ![adding-a-merchant-bank-account-flow-10.png](image/img-33d0e2fe2a4bfd293c1ee0778e218d3f.png)
4. Add your bank statement file by either dragging the file, or clicking the **+** icon.
5. Click **Upload**.

   > **Tip:**
   >
   > Rapyd will review the uploaded bank statement file. The bank account will have a status of **Not Verified** until the file is fully reviewed and approved.