Adding a new bank account

When your account is first created you will need to set up a bank account. Once logged in, navigate to the 'Banking' tab and click on create my bank account. 

Enter the account details

Add in your accounts details including the name, sort code, account number and account type. The Account Name is mandatory.  The Sort Code box has a required format 00-00-00 and the Account Number is restricted to 8 digits. 

If the account is a credit card with a long number then it is advisable to enter the last 8 digits from the card number.  This will help you easily recognize the account on the Bank account summary page

then click the button. 

If you have more bank accounts to set up, such as a credit card account, deposit or savings account, click thebutton on the banking summary page.

Choose the type of account 

A normal bank account type will be added by default (as these are the most frequently used). However, if the account is a Loan or Directors loan account, then choose that option from the list. Note, the account is either a loan account or a directors loan account, it cannot be both.

Treat a loan account as money owed to a bank or other loan beneficiary.  The directors loan account is your personal loan account with the company.

Editing the account 

To edit the bank account details, from the options menu choose 'Edit Account Details'. You can also change the account status, add the IBAN or make the account 'Primary'. The first account added will be entered as the 'Primary' account and you must always have one 'Primary' account.  

Video Guide