Connecting and managing your bank accounts in Settle allows you to send payments, receive funds, schedule bill payments, and keep your financial workflows running smoothly. This guide walks through how to connect a bank account using Plaid or Finicity, manually verify an account, update default payment accounts, migrate scheduled payments, and archive old or incorrectly linked bank accounts.
Connecting a bank account
In order to pay a bill through Settle, you'll need to connect a bank account. Settle uses both Plaid and Finicity to create a secure connection with your bank in a couple of simple steps:
Make sure you're logged into Settle, then head to Settings > Bank accounts
Connect using Plaid or Finicity (depending on which one supports your banking institution)
Click Continue.
Search for your bank in the list and follow the login instructions to complete the set up process. *Please note, the connection will only be successful when logging in with the credentials of an admin on the bank account.*
Once the connection is complete, you can configure the account as your default bank account for payments and/or receiving funds.
To do this:
Click the three dots next to the bank account
Select:
Set as default pay-from
Set as default receiving
Or both, depending on your use case
Manual bank account verification
If Plaid or Finicity is unavailable or unsuccessful, you can manually connect your bank account instead.
To manually add a bank account:
Go to Settings → Bank Accounts
Enter:
Bank name
Routing number
Account number
Settle will send two small microdeposits (under $1) to your account
Once the deposits appear in your bank account:
Return to Settings → Bank Accounts
Click Verify
Enter the exact deposit amounts
Your account will then be verified and ready to use.
Managing default bank accounts
If you add a new bank account and want to use it moving forward, you’ll need to make it your default pay-from account.
Important: Updating your default pay-from account only affects future scheduled payments. Existing scheduled payments will continue using the original bank account unless they are migrated manually.
To migrate scheduled payments:
Navigate to Settings → Bank Accounts
Click the three dots next to the old bank account
Select Migrate payments
Choose the new bank account
This will move future scheduled payments to the updated account.
Removing or archiving a bank account
There is currently no direct “Delete” button for bank accounts in Settle. To remove an old bank account, you’ll first need to unlink and archive it.
Step 1: Unlink the account
Go to Settings → Bank Accounts and disconnect the account from Plaid or Finicity.
This stops balance syncing and tracking.
Note: Even after unlinking, the bank account may still be usable for payments until it is archived.
Step 2: Set a new default account
Before archiving the old account:
Add and verify the replacement account
Set it as the default pay-from account
Migrate any scheduled payments
Step 3: Archive the old account
Once all scheduled payments have been migrated, contact support@settle.co to request archival of the old bank account.
FAQs
Why do bank details on invoices look different after connecting through Plaid?
When a bank account is connected through Plaid, the account details shown on invoices or payment screens may appear masked or tokenized.
This is an intentional security feature used to protect sensitive banking information. Even though the displayed numbers may look different, the account is still correctly linked and verified for payments.
Need help?
If you encounter issues connecting, verifying, migrating, or archiving a bank account, please contact support@settle.co and our team will be happy to assist.