If your company has a bank mandate — payments above ₦5m need two signatories — you already understand this. Enta applies the same idea automatically, on every payment.
What an approval rule is
A payment only goes through when the required number of authorised people have approved it. Each person approves from their own account, on their own device.
Your company's verified Ultimate Beneficial Owners (UBOs) are onboarded as the wallet's approvers.
Common rules
Single approver — sole founders and one-person companies.
2-of-3 — most companies.
3-of-5 — larger teams, boards, and treasuries.
Extra guardrails
High-value escalation — payments above a threshold you set require more approvals than the standard rule.
Time delays — the largest payments are held for a period you choose before they can execute, giving you a window to cancel.
Separation of duties
Not everyone who touches a payment needs to authorise it. Team members can be given the ability to view balances and history, or to prepare payments for someone else to approve — both without approval power of their own.
That's how you let an operations person do the work without handing them the authority.
Changing the rule
The wallet admin edits the approver list and the rule from the policy screen. Changes take effect immediately.
One thing to expect during setup
Your wallet can't send payments until every required owner has completed verification and set up their access. A half-set-up company can't move money — deliberately. If your business wallet won't send, an owner who accepted their invitation but never finished verifying is the usual reason.