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.
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.
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 |