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By the end of this guide you'll know how to review pending investor bank account requests, approve or reject each one, and confirm that the affected holdings are correctly linked and ready for your next distribution.
Note
Reviewing investor bank requests is a GP task. You need access to the investing entity whose holdings are affected. Investors submit banking changes from their side of Covercy One; your approval is required before the change takes effect on the GP side and before a payout can be sent to that holding.
Why investor bank requests need your approval
When an investor adds, updates, or removes a bank account on their side, Covercy One creates a pending request for each holding affected. The request stays pending until you act — the investor's proposed change does not automatically appear on the GP side. This gives you a governance step before any payout details are updated. Until you approve a request, the affected holding shows Pending approval rather than Linked. A holding in Pending approval status will also block distribution finalization for that holding, so it is worth keeping the queue clear ahead of distribution runs.
Find pending requests
Open the investing entity in Covercy One and go to its Banking tab. The Holding bank account assignments section lists each holding and its current account status. Holdings with a pending investor request show Pending approval in the status column. Select a row to open the request details and review what the investor has proposed.
Approve a request
- In the Holding bank account assignments section, find a holding showing Pending approval and open it.