Our Partner
Payment services offered by Cross River Bank
Bank Transfers [beta]
Move money with confidence and ease
Smart and simple money movement
Bank-to-bank transfers power account funding and payout/disbursement use cases across fintech. But the developer and consumer experience around this critical payment method suffers from a number of shortcomings: bank-to-bank transfers can be slow, tricky to manage, and lacking in visibility once executed.
Plaid’s Bank Transfers API (beta) changes all that, providing multiple payment types, bank partner flexibility, and early indication of payment success. Bank Transfers (beta) can be paired with risk mitigation tools such as instant account authentication, real-time balance checks, and ownership verification of the source of funds—all with a single integration.
Features of the Bank Transfers API
Single integration, complete stack
Authenticate accounts, mitigate overdrafts and account takeover fraud, and move money with a single, easy-to-use integration
Payment success visibility
Gain early indication of a payment’s success in order to accept ACH payments with greater confidence and accelerate customer activation
Faster funding and payouts
Accelerate money movement for a better, more risk-controlled bank transfers experience by using a variety of payment methods for payouts, or Same-Day ACH for account funding
Bank partner flexibility
Quickly build an ACH workflow from the ground up or improve your existing one with the Plaid Bank Transfers API (beta). The product enables you to continue using your existing ACH bank partner or work with ours
Developer and back office friendly
Developers can use Bank Transfers (beta) to build a smart, smooth bank-to-bank transfers experience, all delivered via Plaid Link. The Bank Transfers dashboard provides back offices with the tools to manage transactions and export transaction information.
