---
title: "Creating Bank Accounts"
slug: "creating-bank-accounts"
tags: ["Create New Bank Account"]
updated: 2025-02-11T15:22:25Z
published: 2025-02-11T15:22:25Z
canonical: "docs.foundationhub.com/creating-bank-accounts"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.foundationhub.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Creating Bank Accounts

# Bank Accounts

To Edit or Create a Bank Account go to “Utilities”:

## Creating Bank Accounts

Select “Bank Accounts” and you will see a list of all current Bank Accounts. <v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f"><v:stroke joinstyle="miter"><v:formulas><v:f eqn="if lineDrawn pixelLineWidth 0"><v:f eqn="sum @0 1 0"><v:f eqn="sum 0 0 @1"><v:f eqn="prod @2 1 2">&nbsp;<v:f eqn="prod @3 21600 pixelWidth">&nbsp;<v:f eqn="prod @3 21600 pixelHeight">&nbsp;<v:f eqn="sum @0 0 1">&nbsp;<v:f eqn="prod @6 1 2">&nbsp;<v:f eqn="prod @7 21600 pixelWidth">&nbsp;<v:f eqn="sum @8 21600 0">&nbsp;<v:f eqn="prod @7 21600 pixelHeight">&nbsp;<v:f eqn="sum @10 21600 0">&nbsp;</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas> <v:path gradientshapeok="t" o:connecttype="rect" o:extrusionok="f">&nbsp;</v:path></v:stroke></v:shapetype>![](https://cdn.document360.io/579d62e3-92d9-438c-a119-f0014c5f7cc0/Images/Documentation/image-1686597346854.png)

Select "**New Bank Account**" and to complete the New Bank Account Form, where all the fields with a red asterisks (*) are required.

For a Bank Account to be linked to a Fund, ensure that you select '**Internal Bank Accounts**' in the **Bank Account Type** field.

![](https://cdn.document360.io/579d62e3-92d9-438c-a119-f0014c5f7cc0/Images/Documentation/image-1686597495801.png)

Here, you will also see buttons to make the bank account **Active**, **ACH Eligible**, etc.

![](https://cdn.document360.io/579d62e3-92d9-438c-a119-f0014c5f7cc0/Images/Documentation/image-1739286216633.png)

Make the required updates to the Bank Account and click the **Save** button then **Forward for Approval**. After following the necessary steps, the Bank Account needs to be **Active** and in an **Approved** status before it can be linked to other entities on FoundationHub.