Link a Bank to Silo: Connecting Your Bank for Transfers
Introduction
You’ve created your account—now it’s time to connect your bank. Linking your bank lets you send funds in and out, making your investment journey smoother and more flexible. Below is a simple guide to get you set up and verified.
1. Navigate to the Transfers Page
Open your Silo app and go to the Transfers section. On this page, click the “Link Bank” button to begin the process.
2. Choose Your Linking Method
You’ll have two options:
- Manual Linking: Enter your bank’s routing and account numbers directly. Double-check the details before submitting.
Plaid Linking: Use the secure Plaid interface to sign in to your bank, authenticate via two-factor methods, and let the service verify your account automatically.
3. Complete the Verification Process
After linking, your account may display a pending status. This is normal—especially if you used Plaid. Verification typically completes within 15 minutes, though it might take up to a full business day if done after hours.
Today’s tools must learn and evolve with business behavior.
4. Prioritizing Security and Compliance
With sensitive financial data at stake, trust is everything. Your SaaS platform should be built on a secure, compliant foundation.
Key features include:
- End-to-end encryption for data in transit and at rest
- Role-based access controls (RBAC)
- Audit logs and activity history
- Built-in support for regional compliance (GDPR, SOC 2, etc.)
Conclusion
Linking your bank account opens up the full functionality of your investment platform—depositing, withdrawing, and managing your funds becomes seamless. Whether you choose manual entry or Plaid’s streamlined route, just follow the steps carefully and wait for the verification to clear. Once done, you’re ready to take the next step.
.jpeg)
.jpeg)
