An Entity is the legal account holder. Your Organization always has a main Entity, but you can also create Entities for your clients.

Account Activation

• For your main Entity: accounts are instant.
• For a new Entity: accounts start in pending until KYC is approved (up to 5 days, typically 1 day if low risk)

Creating more Accounts for your Organization’s Entity

Your Organization in Fintoc starts out with an Account and you can instantly create more accounts for your main Entity. Creating multiple accounts will help you improve your reconciliation, as you will have a separate balance for each account.

Using the API

Use the Create Account endpoint (or Dashboard), specifying the entity_id of your main Entity. You can use the List Entities endpoint to retrieve this ID.

curl --request POST \
     --url https://api.fintoc.com/v2/accounts \
     --header 'Authorization: sk_test_32ExjlGaPrvG2AiNSU2lAmNiXL8' \
     --header 'accept: application/json' \
     --header 'content-type: application/json' \
     --data '
{
  "entity_id": "ent_32ExjlGaPrvG2AiNSU2lAmNiXL8",
  "description": "My main account"
}
'

account = client.v2.accounts.create(
  entity_id="ent_32ExjlGaPrvG2AiNSU2lAmNiXL8",
  description="My main entity",
)

const account = await fintoc.v2.accounts.create({
  entity_id: "ent_32ExjlGaPrvG2AiNSU2lAmNiXL8",
  description: "My main entity"
});

Creating Accounts for another Entity (your clients)

If you manage funds on behalf of your clients, you can also open accounts under their legal name.

Example Use Case

Imagine you run a food delivery platform:

• You have one Account under your own Entity to collect your platform fees.
• You create one Account per restaurant (new Entity), so that when their customers pay, the transfer receipt shows the restaurant’s name—not your platform’s.

Behind the scenes, you manage balances and payouts between your Account and your clients’ Accounts.

1. Create an Entity

This can currently be done exclusively from your Fintoc Dashboard. Go to Entities -> Create Entity.

You will be prompted to enter your Entity's legal name and ID (RFC for México, RUT for Chile).

2. KYB Approval Process

You will receive a URL to fill in our KYB form (sometimes called KYC) for your new Entity. In less than 5 days after you complete the form, Fintoc's compliance team will have checked your information to make sure you are good to go.

3. Start using Transfers ✅

Once you receive notice of the compliance check, you can immediately:

• Create Transfers from your new Entity’s main Account.
• Receive Transfers at your main CLABE (or generate new CLABEs).
• Create more Accounts instantly under this Entity.