How to Access Statements, Wire Instructions, and Bank Verification Letters in Holdings

How to Access Your Statement, Wire Instructions, and Bank Verification Letter in Holdings

Holdings makes it simple for businesses and freelancers to access essential account documents directly from the platform. Whether you need your account statement for reconciliation, wire instructions for payments, or a bank verification letter for compliance purposes, these documents are readily available at the bottom of the account page. Below is a guide on how to find and use these resources, with examples included.

Steps to Access Your Documents

1. Navigate to the Account Page

• Log in to your Holdings account and select the Accounts section from the main menu.

• Choose the specific account for which you need the document (e.g., Operating Account or Payroll Account).

2. Locate Document Options

At the bottom of the account page, you’ll find options to download:

• Account Statement: A detailed summary of transactions and balances over a selected period.

• Wire Instructions: Information required for sending or receiving wire transfers.

• Bank Verification Letter: A formal document verifying your account ownership and details.

3. Download Your Document

• Click on the desired document type (e.g., "Download Wire Instructions").

• The file will download instantly in PDF format, ready for sharing or printing.

Document Examples

Wire Instructions Example

Wire instructions provide all necessary details for incoming domestic wire transfers, including:

• Beneficiary Name

• Beneficiary Physical Address

• Beneficiary Account Number

• Bank Routing/ABA Number

• Bank Name: i3 Bank (Holdings’ banking partner)

• Bank Address: 12212 N 156th St, Bennington, NE 68007

This information ensures smooth processing of wire transfers from clients or vendors.

Bank Verification Letter Example

The bank verification letter confirms your account ownership and includes details such as:

• Name

• Bank Account Number

• Routing Number

• Address

This letter is often required for compliance purposes, such as setting up payroll systems or verifying financial standing with landlords or government agencies.

Why These Documents Are Important

1. Account Statement

Your statement provides a comprehensive overview of all transactions and balances, helping with tasks such as:

• Reconciling books in accounting platforms like QuickBooks or Xero.

• Preparing financial reports for tax filings or audits.

2. Wire Instructions

Wire instructions are essential for receiving payments securely and efficiently from clients or vendors. They ensure all necessary details are provided upfront to avoid delays.

3. Bank Verification Letter

The verification letter is critical for third-party requests that require proof of account ownership, such as lease applications, vendor agreements, or payment processor setups.

Best Practices

1. Keep Documents Updated: Regularly download statements and verification letters to ensure you have the latest information when needed.

2. Share Securely: Always use encrypted email services or secure portals when sharing wire instructions or verification letters with third parties.

3. Monitor Activity: Use Holdings’ dashboard to track transactions in real-time alongside downloaded statements for better financial oversight.

Real-World Example

A small business owner could use these features as follows:

1. Download an account statement at the end of each month to reconcile transactions in QuickBooks for accurate bookkeeping.

2. Share wire instructions with a client who needs to send a payment via domestic transfer using i3 Bank details.

3. Provide a bank verification letter to a landlord as part of a lease application process.

Final Thoughts

Holdings simplifies access to critical financial documents like statements, wire instructions, and bank verification letters—all available at the bottom of your account page with just a few clicks. Whether you’re reconciling accounts, setting up payments, or verifying your financial standing, these resources ensure smooth operations and compliance every step of the way!