Account Sweep
Account | Account Transactions

Account sweep is a financial service that automatically transfers funds between different accounts to maximise the use of available funds and minimise idle cash balances. It can also be used to pay down outstanding balances on lines of credit or loans. Account sweeps can be performed on a daily, weekly, or monthly basis, depending on the needs and preferences of the account holder.

View More

Block or Unblock Funds
Deposits | Deposit Transactions

Banks can block funds on a deposits account, in full or partially, for a specific or indefinite period of time.

  • Perform Fund Blocking
    POST

    Creates a funds reservation with details such as account number, block or reserve amount, period of hold transaction, reason for holding. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account.

    json Download JSON
  • Update Fund Blocking
    PUT

    Update funds reservation with details such as account number, block or reserve amount, period of hold transaction, reason for holding. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account.

    json Download JSON
  • Reverse Fund Blocking
    DELETE

    Cancels the funds reservation of an account. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account. On removal of the funds reservations, the blocked or reserved amount is now available for usage.

    json Download JSON
  • Fetch Fund Block Details
    GET

    Retrieves the reserved funds details such as reason, amount and period of reservation of the account

    json Download JSON
View More