External Bank Accounts

We are thrilled to announce a new feature: credit-only external bank accounts for counterparties.

As of now, the Cybrid platform allows customers and partners to set up external bank accounts for counterparties, facilitating third-party payouts. By supplying the required bank routing information (routing_number_type, routing_number, account_number), you can set up these (credit-only) external accounts, which are designated solely for credit transactions, allowing funds to be sent to them only.

You can find the technical guide and documentation for credit-only external bank accounts here.