How-to open an accountAsk your Implementation Specialist for an account opening form and we’ll get the process started for you!The bank will need the following documentation:
  1. Proof of insurance converage
  2. Identification of Ultimate Beneficial Ownership (UBO)
  3. Certificate of Incorporation and By-Laws
  4. Employment Identification Number (EIN) Verification Letter
  5. Certificate of Good Standing
  6. Previous 3 Months’ Bank Statements
  7. Capitalization Table
  8. Evidence of any Business Permits or Licenses
  9. Description of Ownership Structure

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What accounts will be opened?

  • Operational Account -  General business account that will be used to fund Reserve, process fees and fraud losses, among other things.
  • Reserve Account - Account that establishes the reserve as per contract.
  • FBO and Settlement Accounts - These accounts will be available to you through the Synctera Console

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How do I fund the accounts?

You will receive the account number and routing number for the Operational and Reserve accounts that you can use to ACH or wire funds into. If you are having difficulty finding the account number or routing number, reach out to your Implementation Specialist!