By enabling Bank Transfer Gateway, You will find option in Configure Plan & Signup Page.
Here you can set fields to display on checkout page like
Account Holder Name &
Additional Info/Note. Whichever field you select from here will be required in front end.
When someone signup for paid plan with bank transfer, transaction with pending status will be added in payment history and after that admin will have to Approve/Reject that transaction in order to activate member’s plan.
If Admin Approves transaction, then member’s plan will be activated. If Admin Rejects, member’s transaction will be rejected & plan will be reset.
For Recurring billing plan if you pay with bank transfer, then its payment mode will be considered as “Semi Automatic Subscription”.