Account

An Account holds, sends, and receives money. This page explains the Account data model: the Root Account, additional Account objects, statements, and balance. For the API fields, see the Account object reference.

Account objects have three constraints:

• They are business-only.
• They cannot be overdrafted.
• Each Account belongs to exactly one Entity.

Root Account

When your Root Entity is created, Fintoc automatically creates a Root Account for your company's money. You can't modify or delete it.

Multiple Accounts

You can create more Account objects under your own Entity (for example, to segregate balances per product line) or under your customers' Entity objects (for per-client sub-accounts). See Create more accounts.

Account statements

Fintoc generates a monthly statement for every Account. You can list and download them using GET /v2/accounts/{account_id}/statements. See Account Statements for details.

Balance

Every Account has an available_balance. Pending outbound transfers deduct from it immediately; if they fail, the funds are restored.