Highlights
Administrators must provide and verify banking details for their covered entity through their Beacon account.
Banking details are provided for each 340B ID. If there are several 340B IDs registered to an account, administrators must complete the provision and verification of bank details for each covered entity.
Only account administrators can submit and verify banking details for a covered entity.
The bank details verification process involves providing account information including a certified bank letter then verifying a penny deposit test.
To ensure provided ACH accounts can seamlessly validate these payments, make sure to establish Beacon Disc Pymt as a trusted trading partner in your ERP system.
Bank Account Statuses
You will be able to check the status of your bank account setup from your Beacon account.
Edit Details: awaiting an administrator to provide account number, routing number, and upload a certified bank letter for the covered entity
In Review: account number, routing number, and certified bank letter have been provided by administrator and are pending review by Beacon Support
Pending Verification: account number, routing number and certified bank letter have been approved by Beacon Support and micro-deposits have been made into the provided account number- administrator must now verify the micro- deposit amounts
Active: penny deposit verification has been completed by administrator and bank account setup is complete
How to Provide Bank Details
Log in to your Beacon account.
From the Bank Details section of the right-side panel, click Edit Details
Enter your covered entity’s account name, routing number, and account number.
Upload a certified bank letter from your financial institution. If you do not readily have access to this letter, reach out to your treasury department.
Please ensure the provided certified bank letter meets the following basic qualifications:
Dated within the last 180 days
Signed or stamped by the bank
Bank account name or logo is visible
Account holder’s name, address and bank account number are visible
Click Submit.
Beacon Support will email the authorized administrator with confirmation of receipt.
Users can track the progress of their payment verification from their Beacon account.
Following submission, the bank details undergo a review to validate the provided information is associated with the covered entity. Once validated, the account administrator will be asked to complete payment verification. If the bank details cannot be approved, the account administrator will be contacted by Beacon Support to achieve resolution.
How to Complete Payment Verification
Once the provided bank details have been approved, Beacon Support will send an email inviting the administrators of the account to participate in the verification of a micro-deposit.
Verifying access to the account requires an administrator enter the transaction amounts deposited in the provided bank account. These deposit amounts will appear from Beacon Disc Pymt. Only administrators can complete payment verification.
Log in to your Beacon account.
From the home page, click Verify Deposits under Bank Details.
Enter the exact transaction amounts.
Click Verify and Activate once entered.
If approved, Beacon Support will email the administrator that the bank account is approved and the Bank Account Status on the Entity profile will appear as Verified.
If Beacon Support is unable to verify the banking details at any stage of the process, the account administrator will be contacted by Beacon Support to achieve resolution.
Bank details must be provided and verified for each covered entity listed under your Beacon account. Data submission and rebate payment processing will not be fully live in Beacon until January 1st, 2026. To avoid any interruptions to 340B rebate payments, covered entities should ensure Beacon Disc Pymt is established as a trusted trade partner in their ERP system.
Still have questions?
If you have questions or need additional help, our team is here for you — please feel free to reach out using any of the contact options below:
Chat: Available via in-app messenger
Email: [email protected]
Phone: (878) 788-8907