An Entity is the legal holder of an account. Your Organization always has a main Entity. You can also create Entity objects for your clients.

Account activation

Account activation depends on the entity:

Fintoc activates accounts for your main Entity immediately.
Accounts for a new Entity remain pending until Fintoc approves the Know Your Customer (KYC) verification. Approval takes up to five days and typically takes one day for low-risk entities.

Create more accounts for your organization’s entity

Your Organization starts with one Account. You can immediately create more accounts for the organization’s main Entity. Each account has a separate balance, which helps you reconcile funds.

Use the API

Use the Create account endpoint or the Dashboard and specify your main Entity in entity_id. Use the List entities endpoint to retrieve the main entity’s 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"
}
'

Python SDK

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

Node SDK

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

Create accounts for another entity (your clients)

If you manage funds for your clients, you can open accounts under their legal names.

Example use case

Imagine you run a food delivery platform:

Use one Account under your own Entity to collect your platform fees.
Create one Account per restaurant under a new Entity. The transfer receipt then shows the restaurant’s name instead of your platform’s name.

You manage balances and payouts between your Account and your clients’ accounts.

1. Create an entity

Create an Entity from the Fintoc Dashboard. Select Create Entity.

Enter the entity’s legal name and tax ID: Mexican tax ID (RFC) or Chilean tax ID (RUT).

2. Complete business verification

Fintoc sends you a URL to complete the Know Your Business (KYB) form for your new Entity. Fintoc sometimes calls this the KYC form. After you submit the form, Fintoc’s compliance team reviews your information in less than five days.

3. Start using transfers

After Fintoc notifies you that the compliance review is complete, you can:

Create transfers from your new Entity’s main Account.
Receive transfers through your main standardized Mexican bank account number (CLABE), or generate new CLABEs.
Create more accounts immediately under this Entity.

Home

Resources

Payments

Transfers

Direct debit

Movements

Create more accounts

Account activation

Create more accounts for your organization’s entity

Use the API

Create accounts for another entity (your clients)

Example use case

1. Create an entity

2. Complete business verification

3. Start using transfers

​Account activation

​Create more accounts for your organization’s entity

​Use the API

​Create accounts for another entity (your clients)

​Example use case

​1. Create an entity

​2. Complete business verification

​3. Start using transfers

Account activation

Create more accounts for your organization’s entity

Use the API

Create accounts for another entity (your clients)

Example use case

1. Create an entity

2. Complete business verification

3. Start using transfers