Understanding Entitlements

Bank Connect delivers a fine-grained entitlements engine that defines what permissions are granted to your company and each authorized user. These entitlements enforce access, payment limits, and drive workflows in the user experience at the company-level and at the user-level.

There are two views you can use to navigate your entitlements: Bank Accounts and Payment Policies.

Bank Accounts

The Bank Accounts tab displays all linked accounts. These accounts are linked by Admins during the Link Users & Accounts process. 

Accounts are grouped by bank and organized into two sections: Information Reporting-Only Accounts and Payments & Information Reporting Accounts. Each account may be entitled for payments, information reporting (IR), or both. If you’re managing a large number of accounts or users, use the filter options to quickly narrow down and locate the information you need.

Information Reporting-Only Accounts

  • Account name
  • Currency
  • Information Reporting services
    • Previous Day - Imports posted balances and transactions from the previous banking day for use in transaction matching and account reconciliation
    • Current Day - Provides a read-only view of pending transactions and balances for any Bank Connect linked accounts enrolled in Current Day Reporting

Payments & Information Reporting Accounts

  • Account Name
  • Currency
  • Information Reporting services
    • Previous Day - Imports posted balances and transactions from the previous banking day for use in transaction matching and account reconciliation
    • Current Day - Provides a read-only view of pending transactions and balances for any Bank Connect linked accounts enrolled in Current Day Reporting
  • Payment Origination - Lists all payment types enabled for the account

Payment Policies

The Payment Policies tab displays payment accounts along with their Approval Limits for one or more users, categorized by payment type. Accounts designated for reporting only will not show approval limits.

Accounts

  • Accounts are grouped by bank.
  • Use the available filters to quickly find specific accounts or users.
  • For each account, the following information is displayed:
    • Whether payments require approval or process without approval.
    • The payment origination limit for each available payment type.
      • If all payment types share the same origination limit, a single message is displayed indicating that the limit applies to all payment types.

Users

For each user, you’ll see their permission for each payment type, including whether they are an Approver.

  • Submitter
  • Approver
  • Both Submitter and Approver
  • Neither
  • These permissions reflect the entitlements established during your enrollment.

Linked Users and Accounts

  • All linked accounts and users will display a link icon.
  • From this page, you can:
    • Select Link additional users to open the Link Users & Accounts page
    • Select Link account to view policies & make payments to open the Link Users & Accounts page

Approval Limits

Each user may have different approval limits by account and payment type. 

For example:

  • Camellia can submit and approve ACH payments with no limit for accounts 4653 and 9768. 
  • Edward can only submit ACH payments with no limit for accounts 4653 and 9768. 
  • This means an ACH payment submitted from accounts 4653 and 9768 will be available to Edward to submit and to Camellia to approve.