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Link a bank account to an organization’s benefit plan
Link a bank account to an organization’s benefit plan

Connected bank accounts can be used to fund organization-funded benefits. One account can be designated for FSA, another for HSAs, etc.

Updated over 3 weeks ago

You can designate connected bank accounts to fund organization-funded (employer) benefits. Here’s how!

How to link a bank account to a benefit plan

Note for Partner Administrators

Select the appropriate organization from the Organizations tab first before following the steps listed below.

  1. Select Benefits.

  2. Select the preferred benefit.

  3. Select Plan from the right-hand menu towards the top of the screen.

  4. Under Funding Details, select the preferred account for this benefit through the Select Bank Account for Funding toggle.

  5. Select Save.

Don't forget 👇

Your selected bank account will disappear if you leave the page before recording your update.

Benefit funding

Bank accounts linked to a benefit are used for funding purposes, which include maintaining any required deposits (RMF) if applicable and/or employee deductions and employer contributions.

Note on Automated Contributions
Contribution batches with an In Progress status have already begun the money movement process. For this reason, updates to a benefit's connected account will be reflected in future contribution batches, and not contributions that are already in progress.

Available for connected bank accounts

You may only link bank accounts that have already been connected to an organization. To learn more, read “Connect bank account(s) to an organization.

Default account

If no bank accounts are linked, an organization’s default bank account will fund the benefit plan.

User permissions

Organization (employer) administrators and partner administrators can link connected bank accounts to a benefit plan.

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