Recipe Book

Developers can use these handy recipes to stand up solutions to the most common processes and transactions.

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Create a Client

A Client is a consumer or a business customer. Before they can open an account or begin to transact, the Platform has to create and onboard the client to the Mbanq system. Follow these recipe steps to create a client.

Steps:

1. Tutorial
2. Create Client
3. Upload KYC Documents
4. Activate Client

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Create a Savings Account

Clients need accounts to store the currency that they will use in various transactions on your Platform. Follow these steps to set up a basic savings account:

Steps

1. Tutorial
2. Create Account and Activate It

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Create an Internal Transfer

The cornerstone of financial services is moving money. The quickest and most direct way to move money for your Clients is to move money between accounts on the Mbanq platform. Follow these steps to set up an internal transfer between two accounts:

Steps

1. Tutorial
2. Create Internal Transfer

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Create an Incoming ACH Transfer

ACH (Automated Clearing House) is the electronic check transfer network in the United States. Your Clients can create incoming ACH transfers to receive funds from external bank accounts into their bank account on your Platform. Follow these steps to set up an incoming ACH transfer:

Steps

1. Tutorial
2. Create ACH Transfer Request
3. Create a Webhook to Listen for Any Updates

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Create an Outgoing ACH Transfer

ACH (Automated Clearing House) is the electronic check transfer network in the United States. Your Clients can send funds to external bank accounts outside the Mbanq system via an outgoing ACH transfer request. Follow these steps to set up an outgoing ACH transfer:

Steps

1. Tutorial
2. Create ACH Transfer Request
3. Create a Webhook to Listen for Any Updates

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Create a Fed Wire Transfer

Clients sometimes need to send significant funds to external bank accounts quickly with immediate access to those funds. For such use cases, using a Fed Wire transfer is the best solution. You should follow these steps to set up a Fed Wire transfer:

Steps

1. Tutorial
2. Create Domestic Fed Wire Transfer

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Create a Card Acquiring Transfer

Your Clients may want to transfer money to their savings account on your platform from an existing debit or credit card. They can do this by using a Card Pull acquiring transfer. Follow these steps to set up a card acquiring transfer:

Steps

1. Tutorial
2. Add Acquired Card
3. Create Pull Transfer from the Card

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Create a Digital First Debit Card

The fastest way to get your Client up and able to transact with a debit card is to begin with a virtual digital debit card. You can follow these simple steps to set up your Client's digital debit card:

Steps

1. Tutorial
2. Create and Activate the Card

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Add a Card to a Digital Wallet

Clients most often will want to add their digital debit or credit card to the mobile wallet on their smart phone. Mbanq supports Google and Apple mobile wallets. To add your Client's digital card to their mobile wallet, you can follow these steps:

Steps

1. Tutorial
2. Add Digital Card to Apple Mobile Wallet
3. Add Digital Card to Google Mobile Wallet