Financial Administrators can opt to set up either single approvals or dual approvals for funds transfers.

Please note the following:

  • Only Financial Administrators can initiate and approve funds transfer
  • As outlined in the myLTSA Enterprise Preauthorized Debit Agreement , Financial Administrators must be signing officers on the bank account since they authorize funds transfers
  • Approvals (single or dual) are required each time a Financial Administrator initiates a manual funds transfer and/or sets up or modifies your automatic funds transfer parameters
  • Financial Administrator must be assigned to manage a particular deposit account to modify its details and initiate or approve a funds transfer
  • The number of Financial Administrators assigned to manage your deposit account must match or exceed the number of approvals required. For example, if your deposit account is set to two approvals for funds transfers, you can assign two or more Financial Administrators but assigning only one Financial Administrator would be insufficient.

Single Approval for Funds Transfers

If your deposit account is set for one approval for a funds transfer, the Financial Administrator who initiates the transfer will also act as its approver.

Once the Financial Administrator approves:

  • For manual funds transfers , the funds transfer is recorded on the View Funds Transfer page and the status of the funds transfer will be Approved. The funds will be immediately available.
  • For automatic funds transfers , your parameters will update. If you click the Modify Automatic Funds Transfer link on the deposit account details page, you can verify the modified setting. Then when the deposit account next reaches its transfer trigger threshold, it will process a funds transfer according to the new approved parameters. The processed funds transfer will be recorded on the View Funds Transfer page and the status of that funds transfer will be Pre-approved. The funds will immediately be available.

Dual or Two Approvals for Funds Transfers

If your deposit account is set for two approvals for a funds transfer, the Financial Administrator who initiates the transfer acts as the transfer's initiator and first approver. After which an email is sent to all assigned Financial Adminstrators alerting them to the pending approval.

To provide the second or final approval, a Finanical Administrator, other than the one who provided the first approval, must:


Login to myLTSA Enterprise


Click the link provided in the email which will direct you to the Approve Funds Transfer page


On the Approve Funds Transfer page, review the myLTSA Enterprise Preauthorized Debit Agreement and then check the associated checkbox to agree


Click Approve or Deny


Once approved:

  • For manual funds transfers, the status of the funds transfer will be changed to Approved on the View Funds Transfer page and the funds will be immediately available to transact
  • For automatic funds transfers, your parameters will be updated. This can be verified by clicking the Modify Automatic Funds Transfer link on the deposit account details page and viewing the approved parameters. Then when the deposit account next reaches its transfer trigger threshold, it will process a funds transfer according to the new approved parameters. The processed funds transfer will be recorded on the View Funds Transfer page and the status of the funds transfer will be Pre-approved. The funds will immediately be available.

For automatic funds transfers, approval is required only when automatic funds transfer parameters are set up or modified, not each time a transfer is initiated.