# Where are merchant funds deposited? #### Where does Bead deposit merchant settlement funds? Bead deposits merchant settlement funds to the bank account configured on the Bead merchant application or merchant record. Bead does not require the settlement bank account to be unique to Bead, separate from another provider’s account, or different from an account the merchant already uses elsewhere. If that account should be used for Bead settlement, it needs to be provided through the Bead merchant application, API-supported onboarding flow, or agreed merchant configuration process. #### Can Bead use the same bank account the merchant has on file with another provider? Yes. Bead can use the same bank account, as long as that account is supplied through the Bead merchant application or configured on the Bead merchant record. There is no Bead requirement that the merchant open or use a separate bank account only for Bead settlement. #### Can the account be supplied by API or through the merchant application? Yes. Bank account information can be supplied through the Bead onboarding process. Depending on the integration flow, the account information can be provided through an API-supported application submission or collected through the hosted application flow presented to the merchant. The account used for settlement should be included in the merchant’s Bead application or configured on the merchant record according to the agreed implementation flow. #### Is there a restriction on which bank account can be used? Bead does not impose a requirement that the settlement account be distinct from another provider’s account. The settlement destination must still be provided in the Bead application or merchant configuration and must meet the normal banking, operational, and compliance requirements for merchant settlement. #### Is proof of banking required? Yes. Bead requires proof of banking for the settlement account. Common examples include: * Voided check * Bank letter The proof of banking should support the bank account being provided for settlement. #### Can the account configuration be changed? Yes. Account configuration can be handled according to the agreed commercial and operational setup. If the settlement account needs to change, the updated account information should be provided through the applicable Bead application, API, or merchant configuration process and supported by required proof of banking. #### How does this relate to settlement reconciliation? Settlement deposits are tied to the configured bank account on the merchant’s Bead record. For reconciliation, use the Settlement and Deposits APIs to connect funded movement back to settlement records, batches, and payment-level settlement records. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://developers.bead.xyz/faqs-and-troubleshooting/settlement-faqs/where-are-merchant-funds-deposited.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.