PRS bank account maintenance overview
To facilitate the unattended processing of revenue payments to landlords via a sequence of complementary scheduled events, the relevant bank account details need to be configured in advance for each PRS Account i.e. one associated with a PRS agreement of classification type 'PRS'. Such details can be obtained from an existing 'responsible' contact member linked to that overarching agreement (principally the landlord), and hence replicated within the new entry, or they can be created on-the-fly. However, only one such 'PRS' bank account can be effective at any one time, ensuring that there is no ambiguity in identifying the desired fund during the systematic posting of an outbound payment batch. Restricted to PRS Accounts only, a Bank Details tile is accessible via the Account Details form, through which the desired sort code and account number can be specified via the Link Bank Account action button.
Separate help articles have been created for each key aspect of PRS bank account maintenance, including: