TRANSFER007 — Setting a Default Bank for Bank Direct Transfers

Setting a Default Bank Account ensures that any automated or direct bank payments received in your Xtrm

wallet are automatically routed to your preferred bank account without requiring manual approval each time.

Use Case Example

Scenario: You want USD payments received into your USD specified wallet to be automatically forwarded to the designated USD bank account once received.

1. Notify the Remitter

   • Inform the remitter that you want to enable Bank Direct.

   • Provide them with the specific wallet details you want to be paid into (e.g., your USD Wallet).

2. Set the Default Bank for That Wallet

   • Once a payment is sent to the selected wallet, it will automatically be forwarded to the default bank account you set.

Notes

• Automatic Forwarding Requirement: All Bank Direct payments are first deposited into your wallet, then instantly transferred to the designated default bank account.

• Missing Bank Account: If no default bank account is linked to the target wallet when a Bank Direct payment is received, the funds will remain safely in your wallet balance until manually transferred or until a default bank is assigned.

How to Set or Change Your Default Bank Account

Option A. Setting a Default Bank During Wallet Creation

1. Navigate to Wallets and Select Create Wallet.

2. Complete the initial wallet details (e.g., wallet name and currency).
3. Under the Default Bank section, select an existing linked bank account or choose Link New Bank to add a new one.

Note: A default bank can be set during initial wallet creation or updated anytime by editing the wallet settings.

Option B. Editing an Existing Wallet

1. Go to My Wallets.

2. Locate the wallet and click the Options Menu (⋮), select Edit.

3. In the Default Transfer Bank dropdown, select an existing bank or choose Link New Bank to add a new one.