Marlo – Banking

Modified on Wed, 25 Jun at 11:16 PM

The Banking module in Marlo provides real-time visibility and control over maritime financial transactions. It empowers finance teams to manage multi-currency accounts, allocate payments against invoices and loans, issue operational cards, and streamline cashflow tracking—all from a unified workspace.


Concepts in the module


Concept

Description

Business Account

A digital USD account used for sending/receiving global payments with unique account details.

FX Transfers

Fast, low-cost currency exchange and cross-border transfers in 30+ currencies.

Corporate Cards

Virtual and physical cards for port, bunker, and voyage-related spend with custom controls.

Verified Contacts

Pre-approved list of counterparties (vendors, agents, brokers) used for secure transaction routing.

Spending Controls

Limit card use by amount, currency, vendor type, or region to avoid misuse.



Workflows in the Module


1. Create a Global Business Account

  • Navigate to Banking → Global Account → Create

  • Choose base currency (e.g., USD)

  • Assign name and label (e.g., “Bunker Account”)

  • System generates virtual account details (beneficiary name, account number, SWIFT)



2. Initiate an FX Transfer

  • Go to Banking → Transfers → New Transfer

  • Select source and destination currencies

  • Enter amount and review live FX rate

  • Choose recipient contact or add new

  • Confirm and execute payment



3. Issue a Corporate Card

  • Navigate to Banking → Cards → Create Card

  • Select virtual or physical card type

  • Assign to department or user

  • Define spending limits and merchant rules

  • Activate instantly for port, bunker, or voyage expenses


Other Sources

  • Marlo Business Account

  • Marlo FX Transfers

  • Marlo Corporate Cards


Related Key Topics

  • Vendor onboarding

  • FX rate tracking

  • Virtual vs physical card management

  • Global payment compliance

  • Cashflow visibility for maritime operations


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