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How to Update Bank Deposit Information for Penny Devices

Euri Romanov avatar
Written by Euri Romanov
Updated this week

If you need to update the bank account used for deposits on your Penny devices, please follow the steps below. We’ll submit your request to the payment processor once we receive all required documentation.

Required Documents

To process a bank account update, please provide the following to our support team or your Customer Success Manager:

  1. Completed and Signed Account Change Form

    • This form must be signed by the same individual who signed the original merchant application.

  2. Pre-Printed Voided Check or Official Bank Letter

    • The check or letter must show the new routing and account numbers.

  3. Photo ID

    • Provide a photo of a valid driver’s license or other government-issued photo ID for the individual who signed the merchant application.

Processing Time

  • Changes typically take 1–5 business days after all documentation has been received.

  • During the update period, your current bank account will remain active to prevent deposit issue.

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