Can we use different bank accounts to fund Procore Pay disbursements?
General Availability in Select Markets (United States)
Procore Pay is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management functionality in the Procore web application to handle the payment process between general and specialty contractors.
Procore Pay is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management functionality in the Procore web application to handle the payment process between general and specialty contractors.
Answer
Yes. When payors operate multiple business divisions or have multiple checking accounts, add the account(s) to Procore Pay and configure them for each appropriate business entity. Then, choose a default funding account or let your team pick the account to use when creating disbursements. You’ll need to test each account added. You’ll also need to work with your bank to confirm if any prior authorizations must be in place.
Here's how:
Add bank accounts to use as funding sources: Add Funding Accounts as a Payor
Set up bank accounts for each of your business entities in Procore Pay: Add Business Entities as a Payor
Choose a default funding account or let your team pick the right account for each disbursement: Customize the Payment Controls for Your Active Projects