To get started with the Modern Treasury implementation, you will need a business bank account as well as the setup for direct transmission.
We have created a template email to ask for programmatic access to a Metropolitan Commercial Bank account which you can forward on to your respective banker. This template includes 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 CSM 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 Metropolitan Commercial Bank , we can help you fill out all the paperwork.
Template for WF
We want to implement balances and transactions, wires, and ACH through the API through existing Modern Treasury connections.