Instructions to add bank information for your offering.
If you prefer to watch a video, we've recorded one here:
Bank Note: It is important to note that Alto does not support payments to international banks, so please make sure you are entering bank instructions that are based in the U.S. 🚧
Step 1: Enter the account holder name: The main title listed on the bank account at the financial institution. For example, AMC Toys, LLC
Step 2: Enter the bank name: The name of the financial institution where the bank account exists. For example, JPMorgan Chase, Bank of America, Wells Fargo & Co., Citigroup
ACH Transfer: $0 charged to your investor. Processed within 2 business days.
Step 3: Enter the routing number: A nine-digit code that allows Alto to identify your financial institution. It’s commonly found in your account settings when you log into your account at the financial institution.
Step 4: Enter the account number: A specific number that identifies the bank account you are using for this offering. It’s commonly found in your account settings when you log into your account at the financial institution.
Step 5: Select the account type: The type of bank account you are adding. This is most commonly a checking account, but a savings account is also an option.
Step 6: Enter the account holder address:
Address associated with the account holder’s bank account.
Step 7: Enter the payment method: How should Alto send funds to your bank account? See details on the two options below:
- If 'wire' is selected as a payment method:
Wire Transfer: $25 charged to your investor. Processed within 1 business day.
- You will be prompted to note whether or not a unique reference code is required to process payment. If your investments require unique reference codes, please email them to email@example.com upon commitment. Our Fin Ops team will process payment upon receipt.
- A second field will populate if you select ‘wire’ as a payment method. In this field you can enter details such as funding deadline, subscription cadence (quarterly, monthly basis), etc.
If ACH is selected as the default method and an investment payment needs to be expedited in the event of a tight funding deadline, please contact firstname.lastname@example.org to send via wire.