Before your team can spend, you need funds in your Budgetly Spend Account. Here’s how to get money in.
1. Add your business bank account
Go to Settings > Accounts > Verified bank accounts and add your business bank details. You’ll need your BSB, Account Number, and a recent bank statement.
Important: The account name must match your company’s legal name. Deposits from non-matching accounts will be rejected.
Read the full guide: How to add and verify a bank account.
2. Wait for verification
Budgetly verifies your bank account to prevent fraud. This typically takes 1–2 business days. You can continue setting up users and budgets while you wait.
| Status | What it means |
|---|---|
| Pending | Verification is in progress |
| Verified | Ready for deposits |
3. Deposit funds
Once verified, transfer funds using PayID (recommended — usually instant) or a standard bank transfer (up to 3 business days).
| PayID | Bank transfer | |
|---|---|---|
| Speed | Usually instant | Up to 3 business days |
| Setup | Paste Budgetly PayID email as payee | Add BSB and Account Number as payee |
Find your deposit details under Settings > Accounts > Funds.
Read the full guide: How to deposit funds into Budgetly.