Bank

The Bank plugin is used to store users banking details making it easier to allow users to withdraw funds

Available To

Free for the following exchange plans:

• Cloud Plans:

  • Enterprise

• On-Premise Plans:

  • Boost

  • Voyager

This Bank plugin is of use to exchanges that use the Fiat Controls method of fiat ramping.

If your exchange uses a third-party payment provider such as Banxa, this plugin may not be required.

What Is It?

The Bank plugin stores the banking information of your exchange's users, allowing for interaction with Fiat Controls.

An example of a user's bank section in their user profile. Multiple banks may be stored and the particlaur data can be edited

Who Needs It?

With the fiat-capable plans (Enterprise/ Boost/ Voyager), those operators who choose to use the Fiat Controls method (as opposed to using a third-party on/ off-ramp such as Banxa) would benefit from storing the banking information of their users' banking details so they can deposit fiat to a users chosen bank account.

How to Use It?

On installation of the Bank plugin, we will be greeted by the configuration page. This will allow the setting of required data fields. The fields that will be required depend on what system your users are using for banking. For example, exchanges with Indian users may want to ensure that the IFSC number is required.

The fields are:

• IBAN - International

• Note - Generic

• Bank Name - Generic

• IFSC Number - Indian Financial System Code (India)

• ABA Number - American Bankers Association Routing Number (USA)

• BSB Number - Bank State Branch (Australia)

• Swift Code - International

• Card Number - Generic

• Account Name - Generic

• Acquirer Bank - Generic

• Account Number (Default set to True) - Generic

• Routing Number (Sort Code UK) - Generic

Do note that these fields are not used to automatically send withdrawals. Instead, the bank plugin offers a reference point for operators to arrange to transfer funds that users have requested.