You can use Rho you can send money in US Dollars via international wire transfer to any a person or business. You can schedule these transfers to happen immediately or at a later time, as well as schedule the transfers to be a recurring transaction.
To send a check to a person or business, they must be added as a Payee in Rho. For more information about creating a Payee in Rho, see Adding Payees.
Additionally, an international payment method must be configured for the Payee. For more information, see Adding an International Payment Type To a Payee.
Settlement Time: International wires should arrive between 1-5 business days. Please let your business banker know if you are expecting to send or receive international wires.
Transferring Money
To transfer money, click the Banking icon from the Rho toolbar to open the Banking Dashboard. Click the desired account on the left side of the page to select it. Click the Make A Payment button.
From your Banking Tab, select the account you would like to send funds from (on the left side of your screen).
Once an account is selected, click the Make A Payment button.
From the Send Money page, click the International tab and then click Internationally in USD.
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Click the From Account drop-down list and select the Rho account that the money is transferred from.
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Click the To Payee drop-down list and select the desired Payee from the drop-down list.
Note: Only payees with an international bank account are listed in the drop-down list.
The international bank account(s) associated with the payee are displayed. Select the desired account and click Continue.
Specify the value in US Dollars in the You Sent or the Payee Gets field, and the Rho application will convert the value.
Click Continue. The values are transferred to the Transfer Details page.
Specify the transfer information, and then click Create:
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From
Lists the Rho account that the money is transferred from, and the amount of money to be transferred in US Dollars. -
To
Lists the payee to receive the money, and the amount of money to be transferred in US Dollars. -
Frequency
By default the money is scheduled to be transferred only once (One Time Only). To specify a recurring transfer, click the drop-down list and select the desired frequency:
- One Time Only (default)
- Every day
- Every week
- Every month
- Every year -
Assign from Budget
To assign the transfer to a specific Rho budget, click the drop-down list, and select the desired budget name. For more information about creating budgets, see Create a New Budget. Optional. -
Memo
Enter any notes or information to be associated with the transfer. Optional. -
Payment Reason
Enter an explanation for the global transfer. -
Payment Reference
Enter the reference number associated with the transfer (for example, an invoice number). -
Add Attachment
To attach a bill or invoice to the transfer, click the Add Attachment button. An open dialog window displays, allowing you to navigate to the location where the file is located, and then click Open. -
When will the transaction begin processing?
By default, the money is scheduled to be transferred immediately (Now). To specify a later date, click Later and then click the calendar field to specify the desired date.
All immediate transfers are displayed on the Past Transfers page, and all scheduled transfers are displayed on the Scheduled Transfers page.
Note: If you schedule a recurring transfer using the How often? field, the Rho application bases the transfer on the date specified in the When should it go through field. For example, if you schedule a monthly transfer (Every Month) with a schedule date of 01/01/2022, then the first recurring transfer will occur on 02/01/2022.
Confirm Transfer Details
After you create the transfer a confirmation page displays. Review the transfer information, and then click the Confirm Transfer button.
When you click the button, Rho sends a confirmation code using the two-factor authentication method that is specified in your Account Settings page, which is typically SMS Authentication (text messages to your cell phone).
From the verification page, enter the four-digit code sent to your account and click Continue.
Note: To choose another method to verify the transfer, click the Use another method button and select another verification method (text message, phone call, or email).