Bank Account Integration

Bank Account - Manual

Clients can send bank account statements to Cascade via email on an ad hoc basis, typically this is done once per week. The csv. above is the reporting template that clients can email to Bank Statement Receiver bank-statements-cascade@cascadedebt.com

The file needs to be a csv. with the following table completed:

bank_name	account_number	account_name	account_type	statement_date	closing_balance	Currency
description: name of the bank that the account belongs to	description: account number - linked to reporting obligations of the debt facility	description: name of the account - used for easy reference	description: type of account (ex: checking, savings, investment, etc.)	description: date of the closing balance	description: end of day bank account balance	description: Currency of bank account

Bank Account - Plaid

Login to https://www.cascadedebt.com/
Click on Administration > Under Banking > click on Add Account
On the Add Bank Account pop-up box > Click on Connect via Plaid
Input Entity Ownership by entering a name without any spaces (eg. CascadeDebt) > Input Email Address and click on Add > Click on one of the Use option > hit Next
Click Continue
Input phone number
Type in the banking institution name and search for it > continue with the bank’s instructions on how to connect via Plaid

Bank Account Automation - MT940

To setup bank account reporting automation through the SWIFT network, customers must request through their bank the service to be enabled. This template can be used to request the service be enabled with your bank. Some banks may have additional requirements to turn the service on.

Most business bankers may not be familiar with the MT940 request form and needs to discuss with others. If the business banker is unfamiliar, encourage them to escalate the request and follow up with the bank to ensure the request is not lost.

When the bank confirms the service is enabled please inform your Cascade account manager so that Cascade can begin importing the statements.

Note some banks can charge an additional fee for enabling the service. In most cases, this can be negotiated or waived by the bank.

Fee for integration: there is a fee for the integration which is based on a per bank (SWIFT Code) per entity charge. Meaning if one entity has multiple accounts at one bank, it’s a flat fee. Whereas one entity that banks at multiple banks will be charged an additional fee for each bank.