FUND007 - Funding bank details and setting default fund wallets

Overview

Your organization’s unique Funding Bank Details can be found at the top of your XTRM home page and in more detail under the Fund section in the left-hand menu. These details include the required banking information—such as the routing number (or international equivalent) and account number (IBAN or local account number)—needed to transfer money into your XTRM account for wallet funding.

You can fund your XTRM wallets by initiating a Bank Wire or EFT (e.g., ACH) from your existing business bank accounts.

Note: In order to activate funding, you must have completed and submitted the Advanced Services Application and received approval Remitter Onboarding and Completing Advanced Services Profile.

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

Where to view the funding banks:

You can view your organization's Funding Bank details directly from the Home page—they are displayed at the top of the page for quick reference.

For more detailed information, navigate to the Fund section in the left-hand menu.

To View Your Unique Funding Bank Information:

1. Navigate to the Fund section in the left-hand menu.
2. Select Funding Banks to view your organization’s unique funding bank details.
3. Use these bank details to fund your account’s default wallet via Wire Transfer or EFT (e.g., ACH).

Setting a Currency-Specific Default Funding Wallet

You can designate a default wallet for each currency to automatically receive funds sent to your funding bank account.

Note: Only one default wallet can be set per currency.

You can identify the current default wallet by looking for the green checkmark in the Default column on the Wallets screen.

To Set a Default Funding Wallet for a Specific Currency:

1. Click Wallets in the left-hand menu.

2. Select the wallet you want to designate as the default for that currency.

3. Click Edit from the menu.

 4. Set Default Funding Wallet to Yes, then click Done.