Funding Customization

To enable/disable ACH or card funding, please contact your Narmi Relationship Manager. 

Your financial institution can customize the following funding-related features via Institution Settings:

• DAO Card Funding Types – The allowed card types for funding an account, possible options are ["visa", "mastercard", "discover", "amex"]
• Hold Length For Funding via ACH – The number of days that a hold is applied when an applicant uses a bank account for initial funding.
• Hold Length For Funding via Debit/Credit Card – The number of days that a hold is applied when an applicant uses a debit or credit card for initial funding.
• Max Funding Amount via ACH – The maximum funding amount for Account Opening applications via ACH. The default value is $10,000. To turn funding via ACH off, change this setting to 0.
• Max Funding Amount via Card – The maximum funding amount for Account Opening applications via card.
• Maximum Funding Attempts Per Application – The maximum number of attempts allowed by the applicant to fund the account before the application is terminated. The default is 20 attempts. Each funding attempt gets added to a single total, even if the applicant switches between ACH (via Authorize.net or Narmi AO ACH Service) or debit/credit card. Applications that reach the maximum number of attempts move to the status of "Max Funding Attempts Reached." If the applicant still wants to open an account, they need to submit a new application. For more on statuses, go to Application Statuses.
• Microbilt Decline Behavior – For ACH funding, Microbilt can return one of three recommendations—approved, warning, and decline. This setting determines how to handle transactions that are declined by Microbilt, either "REVIEW" to send the transaction to manual review or "REJECT" to automatically reject the transaction. Transactions that return a warning are automatically sent to manual review. Go to About Microbilt, Use ACH Manager for Account Opening or ACH Statuses for more details.