Once the agreement with your bank is in place, there is only one step left: activating the bank account in Corpay One. It is then ready to pay your invoices.
How you activate it depends on your bank:
Bank | How to activate |
All other banks (Bank Connect) | You enter the function ID and activation code in Corpay One. |
Nordea | You enter the agreement number in Corpay One and let us know. |
Danske Bank | You do not need to do anything. We activate the account for you. |
All other banks (Bank Connect)
Go to Payment methods.
Click Activate next to the bank account.
Enter the function ID and activation code you received from the bank, and follow the instructions on screen.
Banks call these codes different things. See what they are called at your bank in Agreement with all other banks.
Important: Also make sure your bank sends a daily account statement to Corpay One – otherwise your invoices won't change to Paid automatically. At e.g. Jyske Bank and Sydbank, you have to order it yourself in your online bank. See Set up a daily account statement (CAMT.053) for Corpay One.
Nordea
Go to Payment methods and click Edit on your Nordea payment method.
Enter the agreement number from Nordea's email. Only enter the digits before the hyphen: if it says 123456789012-0001, for example, only enter 123456789012.
Let us know in the chat or at supporteu@corpayone.com. Our support team does a final check and lets you know when the account is activated.
The agreement number is usually 10 to 14 digits and is also shown in the top right corner of your Corporate Access Lite agreement.
Danske Bank
Danske Bank does not notify you when the power of attorney is approved. That is why Corpay One automatically checks whether the agreement is active 7 days after we sent the power of attorney to you. If it is, our support team activates the account and lets you know.
If Danske Bank has already confirmed to you that the power of attorney is approved, let us know and we will activate the account straight away – usually within 24 hours.
Once the bank account is activated
The bank account is automatically selected as the payment method for new invoices.
If you already have unpaid invoices in Corpay One, you need to select the bank account manually on each invoice.
Auto-pay is switched on by default, so approved invoices are paid automatically on their due date. You can switch auto-pay off if you prefer to send each payment yourself.
You are all set. 🎉
Can't activate the bank account? See Bank connection and payment errors, or write to us in the chat or at supporteu@corpayone.com.