FBO Account Intro

FBO account resources

An FBO Account is an account opened in your platform’s name for the benefit of your users. To track who the funds are owned by, users open sub-accounts SUBACCOUNT-US within your platform’s FBO account. Users may be eligible for a cumulative pass-through FDIC coverage up to $250,000.*

FBO account is opened in your platform’s name, and KYC obligations for end-users are not as strict as Deposit Accounts. However, this also means your platform remains in the flow of funds, so we encourage you to speak with your legal counsel before opening this type of account.

Node Type

Type
Default Permissions
Comment

SUBACCOUNT-US

CREDIT-AND-DEBIT

A sub-account held within an FBO account

All Deposit Node Objects

_id:
string

Object ID of the node

_links.self.href:
string

HAL style link for the node

allowed:
string

Denotes the account standing. Look at the node permissions section below to learn more

client.id:
string

ID of the client that created the node

client.name:
string

Name of the client that created the node

info.nickname:
string

Any nickname/common name given to the node. Eg. Savings Node

info.name_on_account:
string

[Deprecated] Name of the user who owns the node

info.balance.amount:
double

Balance associated with the node.

info.balance.currency:
stringUSD

Currency of the node

type:
string

Type of node

timeline:
array of objects

Array that tracks node updates as they occur

is_active:
booleantrue

If the node is indexed or marked deleted.

user_id:
string

ID of the user who owns the node

extra.supp_id:
string

Any supplied ID given by the client that created the node

Node Permissions

Every deposit account has the following permissions associated with them:

Permission
Comments

CREDIT-AND-DEBIT

Node can be used for sending and receiving funds

INACTIVE

Node has been disabled and cannot be used for any transactions

LOCKED

Node has been locked and cannot be used for any transactions. This can be used in the case of fraudulent activity.

FBO Account Intro


FBO account resources

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