Settlement Account Setup

Last updated: April 7, 2026

Setup Settlement DDA Account - this is the account that we'll need you to create for all pre-funding activities as we impound funds from your customers DDA to settle end of day. We'll provide you with reporting to correspond with these transactions so your end of day reconciliation process is smooth.

This account must be a DDA, not a GL.

Once you've created the account on your core, provide the DDA number (and if using Q2, the Host Account ID) to your PayRecs implementation contact and we'll take it from there.

Q2 Host Account Id

you'll need to add the settlement DDA to a profile temporarily in Q2 Central in order to generate this.

  1. add the account to a customer profile

  2. expose the Host Account ID column

  3. capture the Host Account ID

  4. remove the account

Video Walkthrough: