Skip to main content
Avalara Help Center

ACTION NEEDED: Changes to trust bank account effective April 1, 2022

What is happening

Effective April 1, 2022, Avalara will migrate client funding for Avalara Lodging returns and compliance services to Bank of America. Avalara Client Trust (a Delaware statutory trust), a subsidiary of Avalara, Inc, will be the account holder.

Based on how you transmit funds for your licensing and tax obligations, see below for the action you need to take no later than April 1, 2022.

What you need to do

Based on how you transmit funds for your tax obligations, see below for the action you need to take.

Tax obligations funded via wire transfer

Because your business currently funds tax obligations via wire, you will need to update your wire template with the new banking information on April 1, 2022. This will ensure  funds wired to Avalara are not rejected and Avalara can continue to fulfill tax remittances on your behalf.

clipboard_e2eae8147c091ea2dd4ed0b1209198ae3.png  

Note

If Avalara is unable to file or pay your tax obligation in a timely manner due to rejection of wire funds, you may receive a tax notice with penalties and interest assessed.

 

Tax obligations funded via ACH

Because your business currently funds your tax obligations via ACH, contact your financial institution and add the Bank of America origination id: 2367747545 to your fraud filter.

  1. Determine if any ACH Fraud Filter requires the bank account holder name as a verification point. 
  2. If so, ensure the account holder is reflected as Avalara Client Trust within your fraud filter tool at your bank when you add the new Bank of America origination id.

clipboard_e2eae8147c091ea2dd4ed0b1209198ae3.png  

Note

If Avalara is unable to file or pay your tax obligation in a timely manner due to rejection of wire funds, you may receive a tax notice with penalties and interest assessed.

FAQs for MyLodge customers

Question Answer
Will Avalara’s bank origination id change? Yes. The new bank origination id is 2367747545. Please update your fraud filter to include the new bank origination id before April 1, 2022.
I have multiple customer id’s/logins with Avalara. Is this change applicable to all of my customer id’s/logins? Yes. Please ensure the change is made for all customer ids/logins.
What happens if I complete the change before April 1, 2022? Adding the new Bank of America origination id can be done immediately. Please note that the Wells Fargo ACH origination id must remain active until April, 1 2022.
What happens if I complete the change after April 1, 2022? Your April funding pull may not complete if pull is initiated before you make the change.  Please ensure you make the change before April 1, 2022 and not later than April 4, 2022.
Can I get a copy of W9 or a bank verification letter confirming this change?  Yes, please email lodging_globalpayments@avalara.com to receive a copy of W9 or bank verification letter.

 

 

  • Was this article helpful?