You can connect your bank account to your Xplor Studio account. There are two ways to connect:
PLAID (Instant Verification: Connecting using Plaid is done by using a banking online username & password and the bank account is connected instantly. This is the fastest and easiest way.
Two-Step Verification (Manual Verification): Using this method means that the bank will deposit two micro-deposits into your account, email them to you, and then you'll enter them on your profile page. This process can take anywhere from 24 hours to 5 days and sometimes emails can easily get lost.
Here are the steps for connecting your bank account to Studio:
From your Member Online Portal:
Step 1: Click Settings in the bottom left corner:
Step 2: Click Add Bank Account (ACH):
Step 3: Choose Verification Method:
PLAID (Instant Verification)
Two-Step Verification (Manual Verification)
Why choose Plaid over Manual Verification?
Plaid, instant verification, is an easy way to get a bank account verified without a delay in processing. Until the bank account is verified, you won't be unable to charge anything using their bank account.
Manual Verification can take anywhere from 24 hrs to 5 days depending on the bank.
Micro-deposits will be emailed to you and sometimes get lost along the way causing further delays.