> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fintoc.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Transfers overview
> Programmatically initiate, track, and reconcile payments.
The Transfer API enables you to:
* Create account numbers and assign them to your orders or customers to reconcile inbound transfers.
* Receive a webhook whenever an inbound transfer arrives.
* Initiate a transfer through the API.
Common use cases include:
* You have a payments platform and want to transfer your customers' funds automatically.
* You have a lending company and want to receive payments from your customers using bank transfers.
* You receive payments from your customers using bank transfers and want to automate reconciliation.
* You want to fund accounts and initiate outbound transfers through the API.
# Availability
Transfer API capabilities vary by the country where you operate:
| Capability | Mexico 🇲🇽 | Chile 🇨🇱 |
| :--------------------------------------------------------- | :---------- | :--------- |
| API for inbound transfers | ✅ | ✅ |
| API for outbound transfers | ✅ | ✅ |
| API for accounts | ✅ | |
| API for standardized Mexican bank account numbers (CLABEs) | ✅ | |
| Endpoint to return a transfer | ✅ | |
| Endpoint to verify a CLABE | ✅ | |
**Fintoc executes a daily settlement in Mexico 🇲🇽**
Every day at 5:30 PM (GMT -6), **Fintoc pays out the full balance of each account** to the external bank account you provided.
The API represents the payout as an outbound transfer with the comment `"Fintoc daily settlement"`.
Fund your accounts daily to continue making payouts.