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Status In Discovery
Categories iFinance
Created by Guest
Created on Dec 4, 2025

Gathering Feedback - Bank Account De-activation

We’re proposing the ability to deactivate bank accounts within the system, helping finance teams better manage obsolete or inactive accounts without compromising historical data. Currently, all bank accounts remain available for selection in transactions, payment runs, and reconciliations - even if they are no longer in use. With this enhancement, users will be able to mark a bank account as inactive, which will remove it from selection lists across relevant processes while preserving all past transactions for reporting, audit, and reconciliation purposes. This will reduce the risk of incorrect account selection, streamline bank dropdowns, and improve control over active payment channels within the system. Reactivation will remain possible if the account becomes active again in future.

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