Help Center for Small Businesses

Quickly find answers about our card-present solutions, setting up and troubleshooting your POS terminals, and managing your Paysafe Business Experience account.

What documents do I need to provide to change my bank account details?

Copied to clipboard

To change your bank account details, you’ll be asked to  provide one of the following documents:

  • Voided Check  
  • Bank Letter  
  • Direct Deposit Form  
  • Bank Statement  

We’ll use this information to verify your account ownership and new bank account information.

Ensure that the document you submit is in .pdf, .png, or .jpeg file type, and does not exceed 25MB. 

Each type of document must contain the following details: 

Voided Check

  • Check number, routing, fractional routing and account number
  • Business or individual name
  • Payee line
  • Dollar box and written amount line
  • Memo line
  • Signature line
  • Bank’s name or logo

The information on the check must be pre-printed. We do not accept temporary/starter checks.

This is an example. Click to enlarge.

Bank Letter

  • Account number
  • Business name, DBA name (Doing Business As), or legal name
  • Printed on official bank letterhead with logo
  • Bank representative/ branch contact information
  • Signed by a business representative

This is an example. Click to enlarge.

Letters from U.S. Bank and KeyBank regarding lockbox accounts cannot be accepted on their own. To use these letters as valid documentation, you must also provide the Lockbox Confirmation Letter and the MCA Agreement. If these additional supporting documents are not available, please request alternative supporting documentation or provide different bank account information to proceed with the DDA change.

Direct Deposit Form

  • Account number
  • Account type
  • Bank name and contact information
  • Business name and account holder name 
  • Signature and date 
  • Bank stamp to confirm the form was reviewed by the financial institution

This is an example. Click to enlarge.

Bank Statement

  • Bank name and Bank contact information
  • Business name and Account holder name
  • Account number
  • Account type

You can download your statement from your bank’s website or contact them to obtain a hard copy.

This is an example. Click to enlarge.

If your sponsor bank is WoodForest and you’re not a Sole Proprietor, you must fill in a Beneficial Ownership Addendum (BOA) form. You can request the form from our Support team.

Once you submit the required document, our team will review it and update your bank data, typically within up to 48 business hours. 

Related articles

Back to top