Manage bank accounts

Overview

Entities that represent the customers of Monite API partners can have their bank account information associated with them. These bank accounts can be set as default for payment in different currencies.

Add a bank account to an entity

To add a bank account to an entity, call POST /bank_accounts and provide the bank account details. All bank accounts require the currency and country. Other required fields depend on the country:

EU banks	UK banks	US banks
- `iban`	- `account_number` - `sort_code`	- `account_number` - `routing_number`

Sample request:

curl -X POST 'https://api.sandbox.monite.com/v1/bank_accounts' \
     -H 'X-Monite-Version: 2023-06-04' \
     -H 'X-Monite-Entity-Id: ENTITY_ID' \
     -H 'Authorization: Bearer ACCESS_TOKEN' \
     -H 'Content-Type: application/json' \
     -d '{
       "iban": "DE74500700100100000900",
       "bic": "DEUTDEFFXXX",
       "bank_name": "DEUTSCHE BANK AG",
       "display_name": "Primary account",
       "is_default": true,
       "account_holder_name": "Tobias Weingart",
       "currency": "EUR",
       "country": "DE"
     }'

curl -X POST 'https://api.sandbox.monite.com/v1/bank_accounts' \
     -H 'X-Monite-Version: 2023-06-04' \
     -H 'X-Monite-Entity-Id: ENTITY_ID' \
     -H 'Authorization: Bearer ACCESS_TOKEN' \
     -H 'Content-Type: application/json' \
     -d '{
       "iban": "GB15HBUK40312412345678",
       "bic": "HBUKGB4B",
       "bank_name": "HSBC UK BANK PLC",
       "display_name": "Primary account",
       "is_default": true,
       "account_holder_name": "Esther Walsh",
       "account_number": "12345678",
       "sort_code": 403124,
       "currency": "GBP",
       "country": "GB"
     }'

curl -X POST 'https://api.sandbox.monite.com/v1/bank_accounts' \
     -H 'X-Monite-Version: 2023-06-04' \
     -H 'X-Monite-Entity-Id: ENTITY_ID' \
     -H 'Authorization: Bearer ACCESS_TOKEN' \
     -H 'Content-Type: application/json' \
     -d '{
       "bank_name": "WELLS FARGO",
       "display_name": "Primary account",
       "is_default": true,
       "account_holder_name": "Bob Jones",
       "account_number": "2571714302",
       "routing_number": "061000227",
       "currency": "USD",
       "country": "US"
     }'

The successful response returns the unique id assigned to the added bank account, along with other details:

{
  "id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
  "was_created_by_user_id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
  ...
}

Set the default bank account

Once the bank accounts are added to the entity, set the default bank account for each currency by calling POST /bank_accounts/{bank_account_id}/make_default:

curl -X POST 'https://api.sandbox.monite.com/v1/bank_accounts/3fa8...f66afa6/make_default' \
     -H 'X-Monite-Version: 2023-06-04' \
     -H 'X-Monite-Entity-Id: ENTITY_ID' \
     -H 'Authorization: Bearer ACCESS_TOKEN'

The successful response contains information about the entity bank account marked as default:

{
  "id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
  "iban": "GB33BUKB20201555555555",
  "bic": "GB33BUKB202",
  "bank_name": "Bank name",
  "is_default": true,
  "display_name": "My main account",
  "was_created_by_user_id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
  "account_holder_name": "Mary O Brien",
  "account_number": "123456789",
  "routing_number": null,
  "sort_code": null,
  "currency": "EUR",
  "country": "DE"
}

📘
Notes

The default entity bank account is set for each currency. Only one default bank account per currency is allowed. If a new bank account is added to a currency with no default bank account set, the newly added bank account is automatically set as the default for that currency.

If an entity wants to make and receive payments using the sepa_credit payment method, its default bank account must be in a country in the Single Euro Payments Area (SEPA).

List all bank accounts

To get information about all bank accounts associated with the specified entity, call GET /bank_accounts.

Retrieve a bank account

To get information about a specific bank account associated with the specified entity, call GET /bank_accounts/{entity_bank_account_id}.

Edit a bank account

To edit an existing bank account of the specified entity, call PATCH /bank_accounts/{entity_bank_account_id}.

Delete a bank account

To delete an existing bank account from the list of bank accounts associated with the specified entity, call DELETE /bank_accounts/{entity_bank_account_id}.