Deposit Hub
Now with Global CashDeposit Hub is a feature complete, deposit and payment platform that enables you to build various account-centric product experiences, including: Cash Deposits, For-Benefit-Of Sub-Accounts, Custody Accounts, and Clearing Accounts.*
Account Types
Deposit Hub powers neobanks, full-featured consumer budgeting apps, payroll platforms, and more. With Deposit Hub you can customize unique products and bring them to market in weeks, not months.
Interest Carrying Deposit Account
A bank account that carries interest. This account is ideal for creating a debit card product.
FBO Sub Account
A Sub Account issued to the end user inside your FBO Account. This account is ideal for creating a low KYC automated savings product.
Custody Account
An alternative to the deposit account, where the account is held under a trust vs a bank allowing a lower KYC wallet solution. Ideal for creating Fiat Wallet products.
Clearing Account
Non-FDIC insured account created for payment processing purposes. Ideal for creating merchant processing or payment processing solutions.
Global Cash Account
An account for individuals and businesses to hold USD. Ideal for customers outside the US.
Get Started
Creating a Deposit Hub is as simple as following these two steps:
Create A User
POST /v3.1/users HTTP/1.1
Host: https://uat-api.synapsefi.com
X-SP-GATEWAY: client_id_xxx|client_secret_xxx
X-SP-USER-IP: ip_address
X-SP-USER: |fp_xxx
Content-Type: application/json
{
"documents":[{
"email":"test@test.com",
"virtual_docs":[{
"document_type":"TIN",
}],
"physical_docs":[{
"document_type": "GOVT_ID",
}],
"social_docs":[{
"document_type": "MAILING_ADDRESS",
}]
}]
}
Open a Deposit Account
POST /v3.1/users/user_id/nodes HTTP/1.1
Host: uat-api.synapsefi.com
X-SP-USER-IP: ip_address
X-SP-USER: oauth_xxx|fp_xxx
Content-Type: application/json
{
"type": "IC-DEPOSIT-US",
"info": {
"nickname":"My Interest Deposit Account",
"document_id":"user_doc_id"
}
}
After that, you can choose to link ACH, Wire, Interchange and many more account types to fund the deposit account and/or issue cards and account numbers for a more holistic experience.
Key Use Cases
Robust Features
Multi-Bank
Leverage multiple banks either to maximize interest or increase FDIC coverage for your US customers.
Learn More
Card Issuance
Instantly issue card numbers on top of deposit or credit accounts, then load them into any mobile wallet of choice and/or ship a physical card with various shipping and card styling options, including metal.
Learn More
ACH Payments
Process same day or next day ACH transactions in and out of accounts for easy bank-to-bank transfers.
Learn More
Check Issuance
Issue checks backed by deposit or credit accounts for traditional bill payments.
Learn More
Bill Pay
Enable your customers to pay bills to thousands of vendors through our RPPS Integration.
Learn More
AC/RT Issuance
Issue unique account numbers on top of deposit accounts to enable ACH and Wire transactions in and out of accounts for other platforms like Venmo, Lyft, PayPal, etc.
Learn More
Remote Deposit Capture
Deposit third-party checks into deposit or credit accounts via our Remote Deposit Check feature for repayment.
Learn More
International Transfers/Wires
Send next-day transfers to non-US accounts to pay friends, family, or vendors.
Learn More
Cash Access
Enable your customers to deposit or access cash in their deposit accounts via ATMs and popular convenience stores like 7-Eleven and Walgreens.
Learn More
Early Payroll Access
Enable early pay days by making the money available as soon as the payor notifies us of the intended deposit – which is often up to 2 days before most banks make the funds available.
Learn More
By partnering with Synapse and its partner banks, Nomad is helping break down the barriers to enable people who are not in the US to bank within the US using our modern technology. Nomad offers these financial solutions to their customers that include sending money abroad, and investing money.
Deposit Hub Pricing
Get started with tailored solutions, custom pricing, and dedicated support for your team.
Competitive on total cost of ownership.
Comprehensive with built-in core banking, payment rails and risk/compliance infrastructure. Pricing represents all you need to launch fully featured deposit and payment products.
Pricing is customizable to meet your needs.
Components may include:
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