Banking

Banking
You may use your discretion as far as how many bank accounts to open and which banking 
institutions to use. You may choose to have all transactions flow through one account, or you 
may want to maintain individual accounts for specific items such as taxes and payroll. 

Some examples of banking activity:

• Payroll
• Credit Card Deposits (you’ll have this setup once you set up your merchant processor) 
• Cash / Check Deposits 
• Withdrawals for your fees
• Funding from web sales (netted by fees and adjustments) 
• Sales tax collection from sales and payment to state / town / etc.

When opening an account:

• The account(s) must be under your legal business name 
• Roti requires that the account to be used for fee collection is set up with an Automatic 
  Draft Agreement, so Roti can automatically withdraw your fees.
• Ensure checks are clearly imprinted with business name and address
• Assign signatories accordingly, you may want your bookkeeper to be a signer also

Roti’s web funding is processed via Goldman Sachs Transactional Banking. Funds will be 
credited within 2 business days in most cases. 

Account Changes:
Any changes to your bank accounts for which either web funding or fee collection is affected 
must be communicated to Roti immediately via the Debit Authorization Form.