Funding Accounts

A Funding Account stores funds meant for funding purposes only. Funds can be held for funding reasons. Funding accounts are pooled at our sponsor banks, so you do not take custody or ownership of the funds. Funding Accounts are set up for the FinTech programs that do not have a Money Service Business (MSBs) licence. Funds should be stored temporarily and move only on receiving the funding instructions from the recipient. Using the Create an Account API, you can open a Funding Accounts for your business (person) upon Person's KYC (applicant) and Business's KYB approval. Funding Accounts undergo review at Solid. A Funding Account can be paired with Checking Accounts and Card Accounts. Account Number and Routing Number is issued to every Funding Account on the Solid Platform. Accounts details are available via the Retrieve an Account API or the Solid Dashboard.

Features include:

  • Account Number & Routing Number
  • Account Funding
  • Push Payments (Intrabank)
  • Pull Payments (Intrabank)
  • Statements (PDF and JSON)
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