Wires
Plug directly into Fedwire
The original instantaneous money transfer. Send money to any US bank, anytime Fedwire is open.
Fine-grained control
We expose low-level details like Input Message Accountability Data (IMAD).Drawdown requests
Confirm large amounts with partners before sending.Approval flows
Optional approval flows add an extra layer of security.Limits
Programmable limits help prevent unintentional or unauthorized transfers.If it can be done,
it can be done programmatically.
it can be done programmatically.
Wire transfers move funds between your Increase account and any other account accessible by Fedwire.
- Available whenever Fedwire is.
- Network details including
input_message_accountability_data. - Inbound transfers complete within seconds and are ready for use in any component of Increase.
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curl -X "POST" \
--url "${INCREASE_URL}/wire_transfers" \
-H "Authorization: Bearer ${INCREASE_API_KEY}" \
-d $'{
"account_id": "account_in71c4amph0vgo2qllky",
"account_number": "987654321",
"routing_number": "101050001",
"amount": 100,
"message_to_recipient": "New account transfer",
"beneficiary_name": "Ian Crease",
"beneficiary_address_line1": "33 Liberty Street",
"beneficiary_address_line2": "New York",
"beneficiary_address_line3": "NY 10045"
}'
You can choose to require approval a second approval for wire transfers. If you do, you can action those wires via the dashboard or API
- Double-check large transfers and avoid an awkward phone call.
- An automated audit log makes capital calls easy.
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curl -X "POST" \
--url "${INCREASE_URL}/wire_transfers/wire_transfer_5akynk7dqsq25qwk9q2u/approve" \
-H "Authorization: Bearer ${INCREASE_API_KEY}"
Wire drawdown requests enable you to request that someone else send you a wire. They're useful for coordinating large funds transfers.
- Confirm amounts with partners via their bank.
- Take action on wire drawdowns you receive to your Increase account from the dashboard.
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curl -X "POST" \
--url "${INCREASE_URL}/check_transfers/check_transfer_30b43acfu9vw8fyc4f5/stop_payment" \
-H "Authorization: Bearer ${INCREASE_API_KEY}"
“Increase has been an invaluable banking partner to Modern Treasury. They support innovative, fast growing customers looking for high quality banking technology, and get our mutual customers moving money quickly. They understand the importance of speed to market and provide the right tools for building financial products.”
Dimitri Dadiomov
CEO, Modern Treasury
Let's talk specifics
outgoing_wire
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{1500}3012345678P {1510}1000{1520}20230118MMQFMP0P000001{2000}000000000100{3100}000000000{3400}101050001{3600}CTR{4200}D987654321*IAN CREASE*33 LIBERTY STREET*NEW YORK*NY 10045{5000}9ALAN TURING*{6000}*NEW ACCOUNT TRANSFER*
Header
Sender supplied information. The following fields are high-level information about the message itself
Version Number
Constant
Correlation ID
Set by the sender to track the response from Fedwire
Production flag
P for Production or T for Test. Institutions use this when setting up their own integrations.
Resend or initial message code
Space for original message, P for resent
Header
This precedes two fields which identify the transaction type.
Type code
Can be one of three codes:
- 10 (Customer Transfers)
- 15 (International Transfers)
- 16 (Settlement transfers between Fedwire members)
Subtype code
Constant
Header
This code 1520 precedes the Input message accountability data field
input message accountability data
The IMAD is an identifier. It's composed of the date (YYYYMMDD), the endpoint ID (Fedwire runs on IBM) and the sequence number.
This field can be set using the input_message_accountability_data field in the API. Read more.
Header
This precedes the amount field.
Amount
The amount, up to $10 billion less one penny
This field can be set using the amount field in the API. Read more.
Header
The header precedes the Sending Depository Institution field
Senders Routing Number
Increase's routing number
Header
Constant
Receivers Routing Number
The routing number of the receiver's depository institution at the Federal Reserve
This field can be set using the routing_number field in the API. Read more.
Business Function Header
Constant
Business function code
What kind of transfer is this? All transfers initiated through Increase's APIs are by definition customer transfers.
- CTR (Customer Transfer)
- BTR (Bank Transfer)
Header
This precedes information about the beneficiaries
Receiver account type
An enum. The options are:
- B - SWIFT Bank Identifier Code (BIC)
- C - CHIPS Participant
- D - Demand Deposit Account (DDA) Number
- F - Fed Routing Number
- U - CHIPS Identifier
Receiver account number
The account number you are wiring funds to
This field can be set using the account_number field in the API. Read more.
An asterisk
A special character used to split lines in the receiver information.
An asterisk
A special character used to split lines in the receiver information.
An asterisk
A special character used to split lines in the receiver information.
Line 2.
Address line 2. As city and state are not their own fields, this is usually the city.
This field can be set using the beneficiary_address_line2 field in the API. Read more.
An asterisk
A special character used to split lines in the receiver information.
Beneficiary Address Line 3.
Address line 2. As city and state are not their own fields, this is usually the state and zip code.
This field can be set using the beneficiary_address_line3 field in the API. Read more.
Originator Identification Header
Constant. Signals that the following fields describe the wire originator.
Identification code.
An Enum.
- B - SWIFT Bank Identifier Code (BIC)
- C - CHIPS Participant
- D - Demand Deposit Account (DDA) Number
- F - Fed Routing Number
- T - SWIFT BIC or Bank Entity Identifier (BEI) and account number
- U - CHIPS Identifier
- 1 - Passport Number
- 2 - Tax Identification Number
- 3 - Driver’s License Number
- 4 - Alien Registration Number
- 5 - Corporate Identification
- 9 - Other Identification
Sender identification
Free-form.
An asterisk.
Constant
Originator to Beneficiary Information Header
Constant
An asterisk.
Constant
An asterisk.
Constant
Build your bank
Everything you need and nothing you don't
Direct connections to the networks for money transmission. Bank accounts that open instantly. Unopinionated building blocks that let you build for any funds flow or use case.
ACH
Originate ACH credits and debits, validate account numbers with pre-notifications and store commonly accessed details.
Bank Accounts
Commercial or consumer, FDIC insurance, unlimited account numbers.
Cards
Issue cards with custom art to businesses or consumers. Approve authorizations in real-time, or configure limits programmatically.
Checks
Send branded checks anywhere in the world with one API call. Or deposit checks via API or the dashboard.
Real-Time Payments
Transmit money to accounts at most major banks in seconds, not days.
Wires
The original instantaneous money transfer. Send money anywhere, anytime Fedwire is open.