FUND007 - Funding bank details and setting default fund wallets

Overview

Your unique Funding Bank details can be found at the top of your home page and in more detail under the Fund left menu section. This gives your organization the bank information required to transfer money into your XTRM account to fund your wallets. This comprises routing number (or international equivalent) and account number (IBAN or local country account number). You can then transfer in funds using a Bank Wire or EFT (such as ACH) from your existing business bank accounts. 

Note: For funding to be activated you must have completed and submitted the advanced services application and have been approved.

• Remitter Onboarding and Completing Advanced Services Profile

You can also set the currency-specific default wallet to be funded when money is received into your funding bank account. This wallet will be the one funded by default unless a different wallet ID is specified when payment data is submitted via mass pay files or the API.

Where to view the funding banks:

Summary, directly from the home page:

To view your unique funding bank information in detail:

1. Navigate to the Fund section in the left menu.

2. Select Funding Banks to view your organization’s unique funding bank details.

3. Use these banks details to fund your account default wallet via wire or EFT.

Setting a currency-specific default funding wallet:  

You can designate a currency-specific default wallet to receive funds automatically when money is sent to your funding bank account. Note: Only one default wallet can be set per currency. You can see which wallet is the default for a currency by looking for the green tick in the 'Default' column of the wallets screen.

To set your default funding wallet for a specific currency:

1. Click Wallets in the left menu.
2. Select the wallet you want to designate as the default for a specific currency.
3. Click Edit from the menu.
4. Set the Default Fundng Wallet option to YES , then click Done.