How to Book Micro-Deposits for Bank Account Verification

REI Hub does not move money in any way, so you will never see a deposit or charge outside of your regular subscription. However, many platforms use micro-deposits of a few cents for bank account verification.

To book these transactions, the transactions going out of the account are generally booked as expenses to the 'Other' expense account. When the platform deposits the reimbursement, you'll book those as a Refund Received to the same 'Other' expense account.