Rails

US banks

ACH
Wire
RTP / FedNow
- Cybrid supports both RTP and FedNow for on-ramp and off-ramp transactions.
- For off-ramp, initiate an RTP/FedNow withdrawal by specifying rtp as the payment_rail in a funding-type transfer. The payment is initiated from the Cybrid platform.
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beneficiary_memo visibility is not guaranteed
The beneficiary_memo field is included as remittance information in the RTP payment data. Whether this memo appears on the beneficiary's bank statement depends on the receiving bank's systems and practices. Some banks may not display the memo even when it is correctly sent. This is a known industry inconsistency being investigated with banking partners.
- For on-ramp, create a deposit bank account for your customer. The customer transfers funds via RTP or FedNow outside the Cybrid platform.