Paying Your Subscription by Bank Account (ACH)
Your Lendiom subscription can now be paid with a bank account (ACH) instead of a card. This guide walks through connecting a bank account, verifying it, and making it your default payment method.
Adding a Bank Account
Head to your organization's settings and open the Billing tab. On the right side you will see your payment methods:
Click Add Payment Method, then choose Bank Account (ACH) at the top of the window:
Enter the full name of the account holder and click Continue. A secure Stripe window opens where you select your bank:
Your credentials stay with Stripe
Connecting your bank happens entirely inside Stripe's window. Your online banking sign-in and account details never touch Lendiom's servers.
Most banks support instant verification: sign in to your bank inside the Stripe window, pick the account you want to use, and you are done in under a minute.
After the account is connected, you will be asked to authorize Lendiom to debit it for your subscription charges. Review the authorization and click Agree & Add:
That's it — the bank account now appears in your payment methods.
If Your Bank Needs Micro-Deposit Verification
If your bank doesn't support instant verification, you can enter your routing and account numbers manually in the Stripe window. Stripe then sends a small deposit to your account, which usually arrives within 1-2 business days. Until it is verified, the account shows a Pending Verification tag and cannot be used for payments yet:
Once the deposit shows up on your bank statement, look for the 6-character code in its description (it starts with SM). Back in the Billing tab, open the Actions menu next to the bank account, choose Verify Bank Account, and enter the code:
Click Verify and the account is ready to use.
Making the Bank Account Your Default
New payment methods do not automatically become your default. To pay your subscription from the bank account, open the Actions menu next to it and choose Set as Default. Future subscription invoices will be drafted from the bank account.
Bank payments take a few days to settle
Unlike cards, ACH payments settle over a few business days. While a payment is settling, the invoice shows a Processing tag — no action is needed, and you will receive the usual receipt email once it completes.
Removing a Bank Account
To remove a bank account, open the Actions menu next to it and choose Remove. You will always need at least one usable payment method on file, so add a replacement first if the bank account is your only one.