To get started with the Modern Treasury implementation, you will need a business bank account as well as the setup for direct transmission (Direct transmission is the ability to move money between your owned accounts or between your accounts and external accounts). We have created template emails that ask for programmatic access to a Wells Fargo account which you can forward on to your respective banker. These templates include three of the five possible payment rails (ACH debit, ACH credit, and wires), assuming you'd like to move forward with maximum flexibility and don't require checks. If you would like to set up check printing and lockbox services, please be sure to reach out to your Modern Treasury account manager for assistance.

Please note that ACH debit will require the broadest set of compliance steps from the bank, as it allows you to charge other bank accounts. If you know that you will not be using ACH debit, then we recommend removing it from the emails below.

Once you're in touch with the technical advisor from Wells Fargo, we can help you fill out all the paperwork.

Template for WF

We would like to enable the Payment Manager for our WF account to originate ACH Credits, ACH Debits, and Wire Transfers. We would also like to receive BAI2 file reporting through Payment Manager.

We will be using Modern Treasury to transmit and receive these files through the Payment Manager SFTP system.

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