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Activating Your Ambrook Wallet
Activating Your Ambrook Wallet
Paige Wyler avatar
Written by Paige Wyler
Updated over 7 months ago

Ambrook Wallet allows your organization to issue corporate cards and manage spending. Follow these steps to activate your Wallet:

Prerequisites

  • You are an authorized representative of the organization applying for a wallet. An authorized representative means an owner or individual authorized to exercise significant control over the organization.

  • Please have a copy of your EIN letter on hand.

Navigate to the Wallet tab to get started

Go to the “Wallet Tab” in your Ambrook account and click Activate Wallet

If you have not verified your email address yet, you will need to before proceeding.

You will be redirected to the wallet application form.

Step 1: Legal Info

Depending on your business type, you will be shown different form fields to complete.

Important: If you are asked for your Legal Business Name or EIN number, enter your legal business name and EIN exactly as shown on your IRS documentation.

EIN letter upload is optional, however if the company is less than 1 year old and/or you have never filed taxes with this EIN number, we may be unable to verify your EIN. If this applies to you, we recommend that you upload your EIN letter during this step to expedite review.

The "Doing Business As" (DBA) name is optional. This is the name your customers know your business by, if different from your legal business name.

Make sure to carefully select the option that most accurately describes your ownership structure before proceeding.

Step 2: Your Personal Info

Provide your personal information. You will be the company representative for the Wallet application.

Step 3: Owner Info

This step is skipped if your organization has a sole owner and you (the wallet application representative) are the owner.

Sole owner:

Multiple owners:

If there are multiple owners to report, make sure to add all owners with 25% or more ownership. For each owner listed, you'll need to provide their percentage ownership stake.

Accurately representing your company's ownership structure is critical for completing the Wallet setup properly. Double check that you have included all majority owners and their correct ownership splits before submitting this section.

Step 4: Business Info

Provide your business contact information. This may be the same as your personal info or owner info. In this case, you can copy over existing contact information by clicking Select Info to Copy and selecting the profile you wish to copy over.

Step 5: Business Details

If your operation type does not fit into one of the options, you can select Other and specify the category. When providing the number of employees and estimated annual revenue for your business, you do not need to provide exact figures. Rough estimates are acceptable for these fields.

Step 6: Review and submit

Before submitting your Wallet application, take a moment to thoroughly review all the information you've provided across the previous steps.

Once you've verified all the fields, you're ready to submit your application to Ambrook and Stripe for approval. Go ahead and click the "Finish" button. We will review your application and reach out if we need additional information.

After you wallet is approved

After the wallet is approved, you can proceed to ordering cards and managing your company's spend directly through the Ambrook Wallet. Be on the lookout for next steps and additional guidance from our team.

If you run into any issues or have additional questions during the review period, don't hesitate to reach out.

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