Business Accounts
Fondy API provides a robust framework for managing Virtual IBAN accounts, empowering clients to send and receive funds seamlessly. It enables users to control and monitor their financial transactions efficiently, enhancing the overall experience of managing digital finances.
Account Types
Fondy API offers two distinct account types, tailored to meet specific financial needs. Whether you're a small business looking for simplicity or an enterprise seeking advanced financial management, our account options are designed to support your requirements.
Standard Account
The Standard Account is a powerful solution for medium-sized enterprises, featuring a dedicated Virtual IBAN for seamless transactions. It is ideal for various financial management needs, including:
Managing revenue and expenses
Paying suppliers
Settling accounts and transferring funds
Master & Wallet Account
The Master and Wallet Account provides a sophisticated solution tailored for businesses, marketplaces, and platforms. It includes a Master Account with a unique Virtual IBAN that oversees multiple Wallets, each linked to a unique Business Reference. This setup ensures specific fund allocation to individual wallets.
Key benefits include:
Advanced fund segregation
Transaction reconciliation
Efficient fund distribution
Comparing Account Types: Standard vs. Master & Wallet Accounts
The following table highlights the key features and differences between the Standard Account, Master Account, and Wallet Account.
| Feature | Standard Account | Master Account | Wallet Account |
|---|---|---|---|
| Send payments | Yes | No | Yes |
| Receive payments | Yes | No | Yes (requires wallet's Business Reference for third-party payments) |
| Balance | Yes (unique IBAN per account) | Yes (unique IBAN per account) | No (shared IBAN for wallets under the same Master Account) |
| Transaction visibility | Per-account balance | The sum of all wallets' balances | Per-wallet balance |
| Default wallet - exceptional flows | N/A | N/A | Yes (payments without a wallet's Business Reference are routed to the Default Wallet) |
Open an Account
Ready to open an account? Visit our registration page.