Transfers

We are excited to announce the launch of RTP and FedNow for deposits and transfers.

For the partners taking advantage of Cybrid’s Deposit Bank Accounts, deposits can also be made to those accounts using RTP and FedNow. For withdrawals, depending on whether your external bank supports RTP or FedNow, our system first tries to initiate the withdrawal Funding Transfer using RTP. If RTP is not supported, the system tries FedNow, and if both are not supported, the transfer will fail. To leverage withdrawals on the RTP and FedNow rails, specify the payment_rail="rtp" when creating a Transfer.

The RTP / FedNow transfer types enable the immediate 24/7 transfer of funds to and from the Cybrid Platform and improve the overall experience with our Funding Transfers.