If you’re using Wagepoint 1.0, banking verification is the first step to unlocking payment features — especially if you, the accounting or bookkeeping partner, are responsible for covering Wagepoint fees.
Expected timeframe: 3 to 5 business days
Important Reminders
Banking verification must be complete before you can pay fees through Wagepoint.
- If you’re not paying the fees, you can continue onboarding without verifying your firm's bank account. Just make sure your client’s bank account is verified and approved before moving forward.
- Banking delays can hold up onboarding, so it's best to get this done early.
How to verify your bank account (as a partner)
1. Add your bank account information
- Log into your portal and enter your bank details.
- Double-check your routing and account numbers. Any errors will delay verification.
2. Confirm micro-deposits
- Within 1 to 2 business days, you’ll receive two small deposits in your bank account.
- Once received, log back in and enter the exact deposit amounts to verify your account.
3. Review by Risk Operations
- Once verified, your account will be reviewed by our Risk Operations team.
- This is a necessary step to ensure that all compliance and fraud-prevention standards are met.
4. Banking approved
- You’ll receive a confirmation email when your bank is approved.
- After that, you'll gain access to payment features in Wagepoint 1.0.
Need help? Reach out to our onboarding team anytime — we’re here for you.