Bank Deposit Requirements & Checklist

To help your bank deposit to your Altify account go smoothly, please check the information below before sending any funds.

  • Account ownership: Make sure the name on the bank account you are depositing from matches the name registered with your Altify account. If your bank account is a joint account, one of the names on the bank account must match the name on your Altify account.

     

  • Account type: Deposits from a business bank account can only be sent to an Altify business account. Similarly, a personal Altify account should only be funded from a personal bank account that is registered under the same name as your Altify account.

     

  • Deposit reference (or memo): Make sure that your bank deposit includes your unique deposit reference, which is shown to you when creating a deposit. 

     

  • Deposit minimum: Make sure your deposit is above the minimum required amount.

     

  • Deposit limits: Make sure the deposit will not result in you exceeding your daily or monthly deposit limit. Refer to the value indicated as your "Maximum deposit" during your deposit flow.

     

  • Duplicate deposit amounts: Make sure you don't send multiple deposits of the same amount within a 72-hour period. This may result in delays as our system will flag them as possible duplicates. Please use different amounts for each deposit.

     

  • Compatible bank: Make sure you are not depositing from a third-party payment processor.

 

If you notice any unexpected delays in having funds added to your Altify account, see this support article.