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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 available only to businesses.
  • They do not support overdrafts.
  • Each Account belongs to exactly one Entity.

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Root account

When Fintoc creates your root Entity, Fintoc also creates a root Account for your company’s money. You can’t modify or delete the root Account.

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Multiple accounts

You can create additional Account objects under your own Entity to separate balances by product line. You can also create Account objects under your customers’ Entity objects for per-client sub-accounts. See Create more accounts.

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Account statements

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

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Balance

Every Account has an available_balance. Fintoc immediately deducts pending outbound transfers from this balance. If a transfer fails, Fintoc restores the funds.