Deposits
Transfer funds onto your platform from a customer's external checking or savings accounts.
Pre-requisite
Set up your sandbox enterprise account
Overview
This use case enables a customer to transfer money onto your platform. Your customer's external account is the funding source
and your platform is the funding destination
.

Key Steps
1. Authenticate to Momentum
Use the /authenticate and /refresh endpoints.
2. Create a customer and an associated external account, which will be the funding source
source
Use the POST /persons or POST /businesses endpoint to create the customer and the POST /external/accounts endpoint to create the external account.
- The external account can be created while verification is occurring
- If you are using your own account verification provider (BYO-AVS), the external account will be automatically verified
3. Ensure you have created your enterprise's external account, which will be the funding destination
destination
Follow the guide here.
- Pass your enterprise's id, provided to you by Orum, in the
customer_reference_id
to associate the external account with your enterprise - Set the
customer_resource_type
to "enterprise" - The external account will be automatically verified
4. Transfer funds from the source
to the destination
source
to the destination
Use the POST /transfers endpoint to create the transfer.
- All Persons or Businesses and External Accounts must be in a verified state before the transfer can be created
Updated 6 months ago