Employees can now request to pay for goods or services using a Bank transfer, in addition to a Temporary virtual card. This gives your teams more flexibility when requesting funds and helps reduce finance bottlenecks.
We’ve enhanced the Requests feature to include the option for Employees to select Bank transfer as an option when making a request. The request will still follow your request workflow settings, just like with Temporary virtual cards.
The Bank transfer request feature is perfect for providing temporary access to Bank transfers and enabling employees to spend without unnecessary delays. They’ll only be able to pay a payee that you’ve authorised as part of the request and won’t be able to spend more than the approved amount.
When you approve a request for a Bank transfer payment, we’ll create a Pre-approved spend to allow the employee to make the payment.
Before you start
You’ll need to have a Soldo account with the Bank transfer access add-on. You can find out more about Bank transfer access here.
If you already have the Bank transfer access add-on, you’ll be able to offer Bank transfer as a payment method in your request process. A Super admin or Admin will need to enable it in the request workflow first. By default, only Temporary virtual cards are enabled as a payment method.
You can enable Bank transfer requests for the default Goods and services request workflow or any custom Goods and services workflows you've set up.
When you’re ready to get started, take a look at our article for a complete guide on how to enable Bank transfers in your request process.