The bank account object

Bank account objects must be linked with an employee, contractor, or company.

A company must have a linked bank account in order for Check to automatically withdraw funds to fund payrolls. A company can have multiple linked bank accounts that can be used to fund payrolls. However, only the default_bank_account of the company will be used for non-payroll tax collections and refunds (e.g., historical liability debits and quarter-end variance collections and refunds).

An employee or contractor must have a linked bank account in order for Check to pay them using direct deposit. Any employee or contractor can have multiple linked bank accounts, which you can direct funds to using Net Pay Splits.

Check will validate that either a raw_bank_account object or a plaid_bank_account object is included when creating a bank account. You can read more about our bank account verification process here.

Important Note on Default Bank Accounts

When creating a new bank account for a company, it’s important to note that the newly created bank account will not automatically become the default_bank_account for the company. If you intend for the new bank account to serve as the default, you must explicitly update the company.default_bank_account field after creating the new bank account. This ensures that the new account will be used for tax collections and refunds as well as any other operations dependent on the default bank account. If you do not want to use the new bank account as the default but want to use it on your next payroll run, use the new bank account when you create your next payroll.
You can update the company's default_bank_account with the api here.

{
  "id": "bnk_k2KX3XVt4B6JpNXmF3vf",
  "employee": "emp_hkyDTyLEziNfU8jixzPM",
  "status": "validation_pending",
  "raw_bank_account": {
    "institution_name": null,
    "account_number_last_four": "3890",
    "routing_number": "026009593",
    "type": "depository",
    "subtype": "checking"
  }
}

{
  "id": "bnk_HysE2hvUbu3APQ7cjswJ",
  "employee": "emp_x38JYoUXRaMdifvzBUY6",
  "status": "ownership_verified",
  "plaid_bank_account": {
    "name": "Business Checking",
    "plaid_public_token": "public-production-C8rZVjaA-gh2N-xuDw-2CHL-6fzNcs4ZEKZd",
    "institution_name": "Bank of America",
    "mask": "3890",
    "type": "depository",
    "subtype": "checking",
    "verified": true,
    "microdeposit_verification_status": null
  }
}