Transfer funds off of your platform to the external checking or savings accounts of your customers.
Set up your sandbox enterprise account
This use case enables a customer to move money off of your platform and into an external checking or savings account. The customer's external account will be the funding
1. Authenticate to Momentum
Use the /authenticate and /refresh endpoints.
2. Create a customer and associated external account, which will be the funding
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. Transfer funds to the
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
- Do not pass the
sourceobject to the Transfers API. By passing only the
destination, Momentum understands that the transfer is a payout and will pull funds from the FBO balance
Updated about 1 month ago