Overview
An account represents an entity's financial account. This includes ACH accounts (checking or savings) and liability accounts (student loans, credit cards, mortgages, and other types of debt accounts).
Source accounts
All source accounts are ACH accounts (checking or savings). Payment funds
are pulled from these accounts and sent to a destination account. A source
account is determined by whether an ACH account has the payments:send capability.
ACH verification
For some teams, ACH accounts are required to be verified in order to
activate the payments:send capability and start sending payments.
➡️ See the ach verification section to learn more.
Destination accounts
Destination accounts are accounts where payment funds are sent to and are liability accoounts. A destination
account is determined by whether an account has the payments:receive capability.
Destination accounts created with Method Data
If an entity has successfully completed the identify verification flow,
all of their debt accounts have already been retrieved, and a corresponding
Method liability account for each has been created. Liability accounts created
through this flow (Method Data) are
enhanced with more comprehensive data and
automatically ready to receive payments with the payments:receive capability.
Capabilities
Capabilities determine the possible actions an account is allowed to take. Accounts are granted capabilities based on the type of account and verification completed.
➡️ See the capabilities section to learn more.