Wire parameters

You can use the Wire rail in Arix to push money into the account of a borrower, vendor or creditor.

Wire transfers go through Fedwire®, operated by the US Federal Reserve.

Note

CRB releases wires to the Fed, multiple times a business day during business hours. Subsequent rails of a loan, will not be sent until the wire is completed or rejected.

Copy

JSON

{
     "Rails": [
         {
    "RailType": "Wire",
    "Priority": 1,
    "Amount": 80,
        "WireFields": {
          "SubjectName": "King Kong",   
          "Description": "Smash",  
          "AdditionalDescription": "Me want to buy present for Anne",
          "SubjectRouting": "021000021",
          "SubjectAccount": "20020020022",              
          "SubjectAddress": {
            "Street": "350 Fifth Avenue",
            "AdditionalLine": "Empire",
            "BuildingNumber": "6",
            "City": "New York City",
            "State": "NY",
            "PostalCode": "10118",
            "Country": "US"
          }   
        }
  }
    ]
}

Request parameters

Attribute

Description

SubjectName

string

Beneficiary name. Maximum 35 characters.

SubjectRouting

string

Beneficiary bank's routing number

Required  

SubjectAccount

string

Beneficiary account number

Required  

Description

string

For internal CR use.

Reason for the wire transfer. The data is not included with the outgoing FedWire message

Required  

AdditionalDescription

string

Information from the originator to the beneficiary

SubjectAddress

Address

The Address of the Beneficiary

When sent like the example in the above JSON, the address will look like this:

King Kong

350 Fifth Avenue 6

NY New York City 10118

Empire