Dual Approvals
You can set up a new approval rule by going to the Payments tab and selecting "For Approval."Here you can set up a minimum threshold where any payments, or transfers of amounts above the minimum threshold will require additional admin approval
There is also a banner that shows up on the payment review screen that notifies the user that their payment will be subject to an approval
Technicals of Dual Approvals
All admins on the company have access to approving transactions, they will receive an email and SMS (if they have a US phone number). Admins can click on the link sent to them, or they can view pending approval transactions in the Controls tab
If a dual approval rule is set up, but there is only 1 admin on the company, then the solo admin's transactions won't be subject to approval, but all members will be
If a dual approval rule is set up, and there are 2 or more admins on the company, every transaction will be subject to approval by 1 other admin (following standard dual approval procedures
Member Role (new)
The account signatory has full access to all accounts, security settings, and team management. They can execute trades in Treasury and move funds between Arc accounts. However, they cannot transfer funds outside of Arc directly - they can only submit external payment requests, which require approval from users with Admin permissions.
Admin Role
Account signatory, has full access to all accounts, security settings, and team management + all admins have access to set up and approve rules