Cross River COS offers the APIs to create subledgers instantly and on-demand. A subledger can be linked to any existing deposit account, also known as the master account.

In subledger API endpoints, subledgers are referred to as 

This table presents the subledger management APIs we describe in detail.

Creates a subledger for the specified Master Account.

Create a subledger 

Master account to open the subledger under

masterAccountNumber

title

The unique ID assigned to a customer when the customer record is created (POST /core/v1/cm/customers). You need this ID to take action for a specific customer. For example, when opening an account or adding an address to a customer record.

The ID is in GUID format.

customerId

beneficiary

Use this attribute to add your own unique identifying string to a payment call or COS record. This attribute is useful for idempotency purposes.

clientIdentifier

accountNumber

Deposit account type:CheckingSavingsGeneralLedgerLoan

accountType

Account status:

- Inactive
- Active
- Dormant
- Escheat
- Closed
- ChargeOff

status

ledgerType

The name on the account. Usually this is the account holder name, but not always.

Current balance. A negative amount means a debit and a positive amount means a credit.

currentBalance

Available amount of the balance. A negative amount means a debit and a positive amount means a credit.

availableBalance

Amount of the hold (if any) placed on the account

holdAmount

Total number of transactions posted to the account

transactionCount

Date and time the deposit account was opened. The date and time are in this format: yyyy-mm-ddThh:mm:ss[.mmm]

openedAt

The date and time that the account was closed

closedAt

Master account the subledger was opened under

notes

COS ID of the partner associated with the account

partnerId

Date and time the account was last modified

lastMaintenancedAt

The date and time a transaction last took place on the account

lastTransactedAt

The COS ID of the product associated with the account

productId

Returns information on a specific subledger account

Get information on a specific subledger 

Account status: InactiveActiveDormantEscheatClosedChargeOff

Amount of the hold (if any) placed on the deposit account

Master account the subledger was opened under.

COS ID of the partner associated with the account.

Date and time the deposit account last had maintenance performed on it. The date and time are in this format: yyyy-mm-ddThh:mm:ss[.mmm]

The date and time a transaction last took place on the deposit account. The date and time are in this format: yyyy-mm-ddThh:mm:ss[.mmm]

ID in GUID format of your specific product type on which the account is based. Provided by CR.

Error Codes

Subledgers

Interest Rate Cards are pre-configured interest rate profiles that can be assigned to specific accounts on demand.

rate_card

A financial institution holding a principal license with a Card Network has the right to issue cards itself and sponsor other institutions (fintechs) to issue on its behalf (BIN sponsorship). Affiliate/Associate members cannot offer BIN sponsorship.

Principal_member

A 6 or 8 digit number assigned by the card networks for card issuing and functions as the first 6 or 8 digits on the card itself. The BIN identifies the bank that is responsible for issuing the program and handling daily settlement with the Network.

Card_BIN

A solution that allows partners to offer card solutions without requiring a direct relationship with the card networks. The bank acts as an intermediary while allowing partners to use its bank identification numbers (BIN). 

BIN_sponsorship

Politically Exposed Person is an individual who holds a prominent public position, or has done so in the recent past and is subject to a higher level of scrutiny due to an increased risk of involvement in bribery, corruption, and money laundering.

Office of Foreign Assets Control. Part of the US Department of the Treasury that administers and enforces economic and trade sanctions based on US foreign policy and national security goals.

OFAC

Move funds internally between accounts. The transfer requires both a debit and credit account and can be either a master account or sub-ledger, or any combination of the two.  Can be made via API calls or for non-API Partners on the COS Explorer.

book_transfer

This is where the financial institution verifies the member has the funds needed before they are transferred to the receiver.

Good_Funds_Model

An instant payment service developed and operated by the Federal Reserve for financial institutions in the United States, which allows individuals and businesses to send and receive money.

FedNow

A payment processing network used to send money electronically between banks in the US. Available year round, it transfers funds between 2 banks account instantaneously. Processes on bank holidays and weekend and after business hours.

A merchant category code (MCC) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard.

Card Acceptor ID. An internal identifier assigned to your business by your Acquirer when creating the merchant account used for financial processing.

CAID

Business Application Identifier, used by merchants in card payments

The automated loan validation and funding software from Cross River

Arix

Mobile Deposit Capture is the process of submitting a check electronically using a smartphone

Input Message Accountability Data. A unique number given to each FedWire payment when using the Federal Reserver Bank Service and can be used to investigate and track wire transfers.

IMAD

Notification of Change.  The purpose of an NOC is to identify and communicate incorrect information within an ACH entry, such as account numbers or transit and routing number. Sent by a RDFI to the ODFI and the Originator via their ACH Operator.

A global financial messaging standard for electronic payments. It enhances interoperability across financial systems, improves payment processing efficiency and supports compliance by providing detailed transaction information.

ISO20022

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers.

SWIFT

Receiving Depository Financial Institution. All ODFIs must also agree to act as an RDFI to receive ACH payments. An RDFI receives entries directly or indirectly from its ACH Operator for debit or credit to the accounts of its customers.

RDFI

Originating Depository Financial Institution. It has the authority to initiate ACH transactions on behalf of its customers. ODFIs ensure compliance with regulatory standards and securely transmit payment instructions to the ACH network

ODFI

 National Automated Clearing House Association. Nacha governs the ACH Network, the payment system that drives Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts

Nacha

International ACH Transaction. A Nacha SEC code.

A uniquely configured financial product you offer your customers. For example, a debit card or a savings account, configured according to your needs and specifications, are product types.

product_type

Bank Identification Number. A unique identifier used in payment card transactions.

COS_Explorer

relationshipmanager

Cross River guides provide details about our products

guide

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