Bank Deposit Bank Accounts

Deposit bank accounts are routable bank accounts that support transfers on and off the platform. They
include complete routing details and beneficial owner information. The rails available depend on the account's
currency: USD accounts support Wire, ACH push, and RTP/FedNow; CAD accounts support EFT. See
Rails for the supported rails by region.

Each deposit bank account links to a single bank-level platform fiat account. Funds deposited or withdrawn flow
through the linked fiat account's platform_balance and platform_available. Deposit bank accounts do not hold
funds directly.

Key points:

• Deposit bank accounts can be created for US and Canadian banks.
• Only one deposit bank account can be created for each platform fiat account.
• Transfers into a deposit bank account are never initiated by the Cybrid platform; they are always initiated
  externally.

Overview

Partners can create a bank-level deposit bank account to deposit funds into their bank-level fiat account. Follow
these steps:

Step 1: Verify your fiat platform account

Ensure your bank has a fiat platform account. List existing accounts with:

GET /api/accounts?owner=bank&type=fiat

{
  "total": 1,
  "page": 0,
  "per_page": 10,
  "objects": [
    {
      "created_at": "datetime",
      "updated_at": "datetime",
      "type": "fiat",
      "guid": "bank_fiat_account_guid",
      "asset": "USD",
      "name": "string",
      "bank_guid": "bank_guid",
      "platform_balance": 0,
      "platform_available": 0,
      "state": "created",
      "labels": null
    }
  ]
}

If no fiat account exists, create one via POST /api/accounts:

{
  "type": "fiat",
  "asset": "USD",
  "name": "string"
}

{
  "created_at": "datetime",
  "updated_at": "datetime",
  "type": "fiat",
  "guid": "account_guid",
  "asset": "USD",
  "name": "string",
  "bank_guid": "bank_guid",
  "platform_balance": 0,
  "platform_available": 0,
  "state": "storing",
  "labels": null
}

Step 2: Create the deposit bank account

Create a main type deposit bank account linked to the fiat account. Cybrid opens a routable bank account at the
partner bank on your behalf, including routing details.

POST /api/deposit_bank_accounts

{
  "type": "main",
  "account_guid": "bank_fiat_account_guid"
}

{
  "created_at": "datetime",
  "updated_at": "datetime",
  "guid": "deposit_bank_account_guid",
  "type": "main",
  "bank_guid": "bank_guid",
  "customer_guid": null,
  "account_guid": "bank_fiat_account_guid",
  "asset": "USD",
  "state": "created",
  "unique_memo_id": "unique_memo_id",
  "counterparty_name": "PARTNER NAME",
  "counterparty_address": {
    "street": "123 Main St.",
    "street2": null,
    "city": "New York",
    "subdivision": "NY",
    "postal_code": "10001",
    "country_code": "US"
  },
  "account_details": [
    {
      "account_number": "XXXXXXXXX"
    }
  ],
  "routing_details": [
    {
      "routing_number": "XXXXXXXXX",
      "routing_number_type": "ABA"
    }
  ],
  "labels": null
}

The example above shows a US account with ABA routing details. A Canadian bank-level account linked to a CAD
fiat account returns asset: CAD with CPA routing details (an 8-digit Canadian institution and transit number)
instead.

Step 3: Provide beneficiary details

The counterparty details are not automatically populated for bank-level deposit bank accounts. Contact Cybrid support
via your Slack channel and provide:

• Legal Business Name
• Registered Business Address
• Contact Email Address
• Contact Phone Number

After Cybrid updates the information, the account is ready for use.

ℹ️

Manual PII setup

PII must be manually provided and set for bank-level deposit bank accounts.

Funding your reserve account

This deposit bank account is linked to your bank-level fiat account and is separate from the deposit bank account
used to fund your reserve account.

Your reserve account has its own deposit bank account, which is automatically created and associated with it when
your production bank is provisioned. To fund your reserve, use that account's routing details directly — no book
transfer is required. See Reserve Account for full details.