MC242581 – If your tenant is outside US/France/Italy/Spain/Belgium/Portugal/Luxembourg you can disregard this message.
We are phasing out bank accounts as a payment method from all portals including Microsoft 365 admin center. Beginning January 26, 2021, you can no longer add a new bank account or modify an existing bank account payment method. You may continue paying for Microsoft Services with an existing Bank Account that is in good standing.
Action: review Manage payment methods to ensure your payment methods are up to date
How this affects your organization
If you are using a bank account as a payment method you are not impacted at this time.
What you can do to prepare
For future purchases, we recommend using a new credit or debit card or pay by using an invoice (check or EFT). Instructions can be found on your invoice PDF.