FUND004 — Fund Wallets Using Bank Debits: Manual Micro-Deposit Method

If your financial institution cannot be connected via Plaid, Xtrm provides a manual bank-linking process using microdeposit verification. Once verified, Xtrm can pull funds directly from your account via Bank Debit, avoiding outbound wire and transfer fees.

Overview

Supported Currencies: USD • CAD • GBP • EUR

• What is Bank Debit? An inbound transfer where Xtrm requests and pulls funds directly from your financial institution on your behalf, rather than requiring you to initiate a separate wire or ACH credit.
• Why Use Micro-Deposits? It provides a secure alternative for linking corporate bank accounts that do not support automated Plaid instant login.

How to Link Your Bank via Micro-Deposits

2. Select Manual Linking:

Under the Fund From Bank section, select Try Manual Method.

3. Enter Account Details:

Fill in your company's bank routing/IBAN number, account number, and legal business details, then click Submit Request.

4. Await Micro-Deposits:

Xtrm will send two small micro-deposits (less than $1.00 total) to your bank account within 1–3 business days.

5. Verify Amounts in Xtrm:

Return to Banks in your Xtrm dashboard, locate the pending account, click Verify, and enter the exact two deposit amounts received in your bank statement.

What Happens After Verification?

Once the micro-deposit amounts are confirmed, your bank account status changes to Approved for Bank Debit operations.

Important Reminders:

• Unverified bank accounts cannot be used to initiate funding requests.

• An automated email notification is dispatched to users enabled to receive notifications as soon as the settled funds post to your wallet balance.