Opendate Micro Deposit Flow

0:00 Hi everyone. Today I'd like to show you how to connect your bank account to open date so that you can receive payouts. 0:08 Uh, previously we have supported plaid, um, which is launched by clicking this add account button. This is really nice because it instantly verifies the account, and this connects to most, uh, banks. 0:25 So if you have a case where maybe you have a smaller bank that you're working with and it doesn't work with a plaid, that's ok. 0:32 That's what this new flow is for. Um, so you launch- you launch this flow with the enter bank account manually link. 0:41 So I'll click on that. And then here's the information that we need. You can give this account a nickname- I'll just call this the tests bank account. 0:51 Um, and then you'll need your routing number and account number. You can find that on one of your checks. Um, for this- uh, um, I'm going to just use a test routing number provided by our, uhm, payment processing partner. 1:09 And then I'm just gonna enter a fake account number. Obviously, um, you would want to use your real routing number and account number. 1:16 And then- and then just specify what kind of account this is. In this case, I'll just leave it as checking. 1:23 And then we'll click add account. So when you do this, um, this is now a bank account that is pending verification. 1:30 Um, uh, and what that means is that, uh, we don't yet, uh, we are not yet able to send funds. 1:41 Excuse me. We are not yet able to send funds to this bank account. Um, because we haven't verified it. So, for example, there could have been a copy and paste error or maybe if you're copying from your check, you typed a number and wrong. 1:57 And the way that we verify that is we send two months back. . And then deposits to your bank account. And when you look at your bank statements, you'll see those two micro deposits. 2:08 Those should be deposited within two to three days after you add this account information. Um, and during that time, this is what it'll look like. 2:18 So, let's say that, um, time has passed and, and those deposits have been made. I'm going to, uh, hit a few things off screen here. 2:33 Um, so you'll receive an email that looks something like this. It'll, it'll tell you that the micro deposits have been, have been made. 2:41 Uh, so at this point, you're going to want to bring up your bank account and just look through the transactions. 2:47 And then we'll gun verify bank. Uh, and now there's a link here to verify the amount. So, once you have your bank open, you've, you've seen the two, uh, micro deposits. 3:00 it. it's you click on this link. And then, um, and then you'll just enter the amounts that you see in your statement. 3:07 So, we'll say seven cents. And we'll say four cents. And click verify. So, live demo. Um, so let me fix one thing here. 3:26 Okay. Okay. So, uh, what I should have done before the demo is initialize those, um, amounts, which I didn't do that, that would happen automatically on production. 3:48 In my development environment, it doesn't. So let me, let me try this again. I'll click verify amounts. Um, just for testing these amounts don't actually matter. 3:58 Um, obviously for when you, when you do. Do this with your real bank account, it does matter. Um, but for our purposes, we can enter any amount and we'll click verify. 4:09 Uh, and then, and then now the bank account is verified and we can use this to receive payments from open date.