How to Add a Payment Method - Bank Account

This article and video describe the steps to add a bank account into ClassReach financials

You will be notified in several ways that you need to make a payment through ClassReach:

ClassReach Message
Email
Home screen Notification

If you want to make that payment online via ClassReach, you will first add a Payment Method. You can do this at any time via the Financial Page > Payment Methods tab, but you will also be given the option to add a Payment Method in the process of making a payment - see our How to Make a Payment article. This article details how to add a Bank Account. See this article if you'd like to use a Credit/Debit Card - How to Add a Payment Method - Credit Card.

Directions

Go to the Financial page and the Payment Methods tab.

Click Add Payment Method

Select Bank Account
Enter the Name on Account, Routing Number and Account Number from your bank account
Click Save

ClassReach integrates with 2 payment processors (STRIPE and GRAVITY);

Your school configuration determines which processor you will be using. Check with your School ClassReach Administrator if you have questions.

Gravity payment processing customers:

You are finished - your bank account is now ready to use. No verification required.

Stripe payment processing customers:

After entry of the Bank Account information, you will need to wait...
You will see a green button that says Verify Bank Account, but you can't complete this step until you receive two micro-deposits (less than $1.00) into your bank account. This process usually take 1-2 days. Hence, the wait...don't click that green button yet!

Once the waiting is completed and the micro-deposits have been made, you can now click on that green button - Verify Bank Account
Carefully enter the two micro-deposit amounts in the boxes provided. You only need to enter the cents amount (no $, no decimals) AND you must enter them in the right order, the first deposit received, then the second deposit received (these likely will be not the order you see on your bank statement as the last deposit will be above the first deposit - BE CAREFUL)

If you mess this up (I told you to be careful), you will get two more chances to fix it. You will also see warnings at the bottom of the screen in a black bar. Watch the video below

If the maximum number of attempts to verify your bank account information has been met, you may ask your school admin to contact Stripe Support for additional assistance or you can delete the payment method and then start over. You will then need to wait again for the micro-deposits, but this is likely quicker than having Stripe reset it for you.

If you did this right and click on Verify Account you will see that the bank account has been added to your account. If not, see the orange boxes above and/or watch the video below.

Video Overview

The following video shows all these steps in detail.

BONUS VIDEO

If you messed up entering the micro-deposits, watch this video...