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Managing Bank Accounts
Managing Bank Accounts
Updated over a week ago

Depositing funds to your organization's bank account is made easy with Anedot! Within your fundraising account, you may self-serve bank account updates, connect multiple bank accounts, and adjust deposit schedules to best fit the needs of your organization.


Add a new Bank Account

To add a new Bank Account to your fundraising account, you will be asked to verify your bank account details through a platform called Plaid. To learn more about Plaid, click here!

Follow the steps below to connect your new bank account successfully:

  1. Access the Settings>Finance>Bank Accounts tab within your fundraising account.

  2. Click the Add Bank Account button in the upper right corner of the page.

  3. Select a bank or enter your bank name.

  4. Enter your online banking credentials to verify your banking details.

  5. Select the bank account you would like connected and complete the connection.

  6. Next, select your desired Deposit Schedule (2-day, 7-day, 30-day) within Anedot.

  7. Click Save.

You will then be prompted to choose whether you would like to replace the existing bank account with the new bank account or if you would like the new bank account to be applied as a secondary account. Continue to the steps below for further instructions.


Manually add a Bank Account

If you are unable to connect your bank account successfully through Plaid, follow the steps below:

  1. Access the Settings>Finance>Bank Accounts tab within your fundraising account.

  2. Click the Add Bank Account dropdown arrow.

  3. Select the Manually Add Bank Account from the dropdown menu.

  4. Enter your Bank Name, Routing Number, and Account Number.

  5. Upload a copy of a voided check or signed bank letter.

  6. Click Save.

  7. Next, select your Deposit Schedule: 2-day, 7-day, or 30-day.

You will then be prompted to choose whether you would like to replace the existing bank account with the new bank account or if you would like the new bank account to be applied as a secondary account. Continue to the steps below for further instructions.


Replace Existing Bank Account

To replace an existing bank account, follow the steps below:

  1. Access the Settings>Finance>Bank Accounts tab from the main menu bar within your dashboard.

  2. ​Click the blue New Bank Account button in the upper right corner of the page.

  3. Next, enter your online banking login credentials to connect your bank account to Anedot. Your online banking login credentials are not recorded or saved by Anedot.

  4. Once your bank account has been connected successfully, you will be asked if you would like to replace the existing bank account with the new bank account. By clicking the option Replace bank account, the old bank account listed will automatically be removed.


Add a Secondary Bank Account

To add a secondary bank account, follow the steps below:

  1. Access the Settings>Finance>Bank Accounts tab from the main menu bar within your dashboard.

  2. Click the blue New Bank Account button in the upper right corner of the page.

  3. Next, enter your online banking login credentials to connect your bank account to Anedot. Your online banking login credentials are not recorded or saved by Anedot.

  4. Once your bank account has been connected successfully, you will be asked if you would like to replace the existing bank account with the new bank account.

  5. To add the new bank account as a secondary bank account, click No thanks. Once confirmed, you will see both your old and new bank accounts listed.

  6. Next step, create a new Fund for your secondary bank account within the Settings>Finance>Funds tab.


Edit Bank Accounts

Adjustments can be made to an existing bank account by hovering over the bank account and then selecting Actions. Learn more below!

  1. Edit: Change the disbursement schedule

  2. Set as Default: Replace your existing default bank account with a different one. The default bank account will be attached to all Pages that have not had a specific Fund assigned within the Builder.

  3. Remove: As long as your bank account is not connected to any funds, you may remove it.

If the bank account credentials need to be updated, a new bank account will need to be added to the fundraising account. Bank account credentials cannot be changed once the bank has been added successfully.


Transfer Timeline

When you collect donations from Anedot, your money will be held inside Anedot until your next scheduled transfer occurs.

Transfers are initiated every 2 days, weekly, or monthly depending on your chosen Deposit Schedule. You can change your Deposit Schedule by editing your bank account that was explained above.

Once a transfer has been initiated, it typically takes 2-3 business days for funds to arrive in the bank account file.

To view the status of a Transfer, access the Finance>Transfers tab within your account.

Notice: Fees associated with Billing Agreements are not deducted from the Anedot fundraising account. Once your funds have been transferred and deposited to your bank account, an ACH debit will be issued to deduct the fees associated with the Billing Agreement. The ACH debit will then be deposited directly into the Vendor's account.

If the ACH debit for vendor fees is declined within the bank account, please contact our Support team here for further assistance. Declining the ACH debit will halt transfers of all funds for an account.

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