Validate a Business Bank Account

After your business bank account is approved, Expensify sends three test transactions to confirm ownership. You’ll also receive a message from Concierge that says “Your bank account is almost set up!”.

The three transactions (two small withdrawals and one small deposit) typically arrive within one–two business days. Once they appear in your bank account, enter the exact amounts in Expensify to complete validation and start using the account for reimbursements or payments.

Who can validate a business bank account

Any member who has a Pending business bank account in Wallet can validate it using the test transactions.

When can a business bank account be validated

After your business bank account is approved:

• Expensify sends three test transactions to your bank account - two small withdrawals and one small deposit.
• When the test transactions are sent, Concierge will send a message to notify you that says “Your bank account is almost set up!”.
• The test transactions will arrive 1-2 days after sending.

How to validate a business bank account with test transactions

When you see the three test amounts post to your bank account:

1. In the navigation tabs (on the left on web, on the bottom on mobile) go to Account > Wallet.
2. In the Bank accounts section, click the business bank account with the Pending badge.
3. Enter all three amounts exactly as they appear.
4. Click Validate.

Once the values are confirmed, your business bank account is fully connected and ready to use.

What to do if test transactions don’t arrive

If the test deposits don’t appear after two business days:

1. Confirm that your bank account supports ACH direct debits.
2. Share the following ACH details with your bank:
   • ACH Company IDs: 1270239450, 4270239450, 2270239450
   • ACH Originator Name: Expensify
3. If still missing, contact Concierge to re-trigger the test transactions.

FAQ

How many test transactions will I receive?

Three total: two small withdrawals and one small deposit. These are temporary and used only for verification.

What happens if I enter the wrong amounts?

You’ll be prompted to try again. Multiple failed attempts may temporarily lock validation.

Can I skip validation if the account was shared with me?

No. US bank accounts require validation by entering test transactions. Some non-US accounts may not require this step.

What if I don’t have access to the bank account?

Another member with access to the bank account must complete the validation.