Bank of America allows you to send ACH and Wire transfers. To receive funds in your El Dorado Dollar Account, use the bank details provided in the app.
Step 1: Log in to your Bank of America account
Do this from the web for an easier process. Once the account is added, you can also send from the app if you wish.
Step 2: Go to the payments and transfers section
In the menu select: Pay & Transfer → Send a Wire or ACH Transfer
Step 3: Indicate the country where the account is located
Select United States, as your El Dorado Dollar Account belongs to a U.S. bank (Lead Bank).
Step 4: Add a new recipient
Press “Add new recipient” to register your Dollar Account.
Step 5: Select the account type
Check:
Personal Checking Account
My account
Your El Dorado Dollar Account is a checking account.
Step 6: Complete the recipient details
Open the El Dorado app and go to the Dollar Account section to find your account details. There you will find:
Beneficiary's Name and Surname
Bank Address
Account Number
Routing number
Account Type → Checking Account
Step 7: Finalize and send
Once the account is added, you can send your USD via ACH or Wire.
ACH transfers are credited in less than 3 business days, while Wire transfers are credited in 1 business day.
Done!
Your El Dorado Dollar Account will be available as a beneficiary in Bank of America so you can withdraw your funds whenever you want.