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AutomatedEntity / Automated-Legal-Entity

This is a repository for the creation of an Automated Legal Entity (ALE)
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What are the inputs and outputs of the banking interface? #3

Open AidanKrakowsky opened 7 years ago

AidanKrakowsky commented 7 years ago

Inputs: Account Setup- -Certificate of Good Standing -IRS EIN -Bylaws -Officer's Signature -Banking Provider

Account management- -Login credentials -Entity's Account number -Entity's Routing number -Outside Parties' (and employees) Account Numbers -Outside Parties' (and employees) Routing Numbers -Bank Statements

Outputs: Account setup- -Signed Banking Agreement

Account management- -Bank Account Reconciliation -Bank Account Balance -Checks -Wires

AidanKrakowsky commented 7 years ago

In talking to Dazza at the moment, we discussed potential avenues for advancing the implementation of the bank account for this entity.

We mentioned that we've spoken to Chase about trying to get in touch with a relevant party to discuss the process for an automated entity creating its own bank account.

We then mentioned some other back up leads, such as Intuit, Signature, Sovereign, and US Trust.

dazzaji commented 7 years ago

If it is too hard or will take too long to automated account creation, funding and activation then fall back maybe should be scoping the project to start with existing bank account but automating all transaction with/through the bank account.