Completing eCheck Application Fields

Enter the identifying and contact information about the primary owner.

To prevent fraud and ensure regulatory compliance, the federal government requires us to collect the Social Security number of the business owner. Non-US persons who do not have a Social Security number may provide their passport number, an alien identification card number, or number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.

Enter the address information about the primary owner. The owner must have an address in the same country as the business address.

Enter the job title and ownership percentage of the primary owner.

Per US Treasury customer due diligence requirements, all owners with 25 percent or greater ownership, or significant responsibility to control, manage, or direct the company must be declared.

Enter the details of the business.

The Doing Business As name is the business’s assumed, trade, or fictitious name. This name might be the same as the legal business name.

The federal tax ID is the 9-digit tax identification issued to the business by the US government and used for tax reporting purposes. For sole proprietors, this number might be your Social Security number.

Enter the address of the business. If it is the same as the primary owner’s address, click

Import from Owner Address

. The owner must have an address in the same country as the business address.

From the drop-down menu choose the merchant category code that fits your business.

Enter information about your business’s process.

Time frame to product delivery

is how long it takes for the customer to receive their product after paying for the order. If you are providing a product or service that is paid for at the time of or after delivery, enter 0.

Estimated Total Monthly Sales

is the total dollar amount of eCheck sales that you expect to process each month through this account. Do not include payment volume from other methods, such as credit cards or wire transfers.

Average Order Amount

is the average dollar amount of each individual order or sale. If you are a new business and are unsure of the amount, you may list the average price of your products and services for sale.

Largest Expected Order Amount

is the dollar amount of the largest order you expect to have. If you have a new business and are unsure, you may list the dollar amount of your most expensive product or service for sale.

Enter information about the account to which you want funds deposited. This account might also be debited for any accrued fees, chargebacks, refunds, returns, or other amounts owed related to the eCheck account.

Routing Number

is the nine-digit routing number for your bank. It is printed on the bottom of your checks. If you do not have checks, contact your bank for the number.

Account Number

is the number of the bank account in which funds from your sales will be deposited.

Enter the eCheck descriptor.

eCheck descriptor

is the name that appears on the charge in your customer’s bank statement. It should be the name they associate with your company. Most often it will be your business name or website URL and might need to be abbreviated to fit the 10-character limit.

Read the eCheck Service Agreement. Check the box to agree.

Click

Submit

to submit the application. You will receive an email confirming that it has been received. An underwriter will review the application and respond with their decision or ask for additional details if needed.