Instructions on how to complete the Wire Drawdown Instructions and Authorization Form for Kotapay and Fuse
Please use the following instructions when completing this form:
- Company Info
- under the section labeled Please provide the following information:, enter the following information
- Company Name: the legal name of your company
- EIN #: the Employer Identification Number of your company
- Receiving Bank Name (YOUR Bank): the name of your bank
- Account Name: the name on your account at your bank
- Receiving Bank ABA (Routing Number): the routing # for your bank account
- Account Number: the account # for your bank account
- Special Instructions (optional): please check with your bank
- under the section labeled Please provide the following information:, enter the following information
- Wire Drawdown Rules
- under the section labeled Apply rules to your Wire Drawdown., enter the following information
- The first 5 items should have the boxes on the left of the row checked
- The first 5 rows except the Tax Impound row should have the Always WDD box checked
- for the Tax Impound row, enter $10,000 as the amount that will trigger a Wire Drawdown
- for the Billing Impound row, leave all boxes blank
- see the screenshot below as an example
- under the section labeled Apply rules to your Wire Drawdown., enter the following information
- Attestations/Signatures
- The 1st signature section is to be completed by an authorized individual at your company
- The 2nd signature section is to be completed by an authorized representative from your bank