Withdrawal account

Used to withdraw funds from an internal conomy_hq account to an external destination.

The transaction is initiated by the account owner when they decide to move money out of the platform.

Field
Value

type

WITHDRAWAL_ACCOUNT

origins

One internal account

destinations

One or more external bank accounts or wallets.

Ownership

Only the account owner has the privileges to initiate a withdrawal.

Settlement Time

The settlement time depends on the destination country and the selected payment rail.

Bulk Payments

To perform a bulk payment for disbursement using WITHDRAWAL_ACCOUNT:

  • Structure: one origin and multiple external destinations

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