A faster way for clients to fund their future
Introducing Pay by Bank - the simplest deposit experience
Every so often a small change makes a big impact.
Pay by Bank is an instant way for clients to deposit into their Fundment accounts using the familiarity of their own bank, the speed of open banking and the confidence of money moving in real time.
Fewer instructions, fewer delays
Pay by Bank removes some of the biggest points of friction in the deposit process.
No typing out sort codes
No mistyping payment references
No double checking account numbers
No chasing clients
Your client clicks, confirms through their bank, and the money moves.
Familiar, trusted, simple: Why your clients will love it
Pay by Bank offers the kind of experience that makes clients feel their adviser’s platform simply works.
Clients do not need to learn anything new: They use a process they're familiar with (via their own bank login) and complete the payment in seconds.
No copying numbers
No risk of mistyping
No uncertainty about where the money has gone
How to trigger it
Create a deposit and tick the box to send payment instructions to your client
They receive an email prompting them to log in to their dashboard
Upon login, they will see a notification to make a payment
They can select ‘Pay by Bank'
Payment is completed through their bank website or app
The result? A fast, friction-free deposit journey
Good to know (1): If Pay by Bank is restricted by a particular bank or deposit amount, your client can still follow the manual payment instructions.
Good to know (2): We have updated our guide How to add a one-off deposit expectation and added a new client guide How to use Pay by Bank – both are available under Resources.