# Bank Payouts Send funds to your recipient's bank account using Payouts. If you have any questions about sending payouts, reach out to your Finix Point of Contact or [Finix Support](mailto:support@finix.com). ## Bank Payout speeds Finix supports two types of bank payout options: - **Next Day ACH:** Funds sent via Next Day ACH will be available in a customer's bank account by 9 AM in their local bank time. - **Same Day ACH:** Funds sent via Same Day ACH are available Same Day if sent by the cutoff times below. ### Cutoff times The table below outlines cutoff times for Next Day ACH and Same Day ACH. | Bank Payout | Speed Finix Cutoff time | Funds in Recipient's bank account | | --- | --- | --- | | Next Day ACH | 9:30 PM ET | By 9 AM the next business day Local Time. (Can vary by bank) | | Same Day ACH | 11:30 AM ET | 5 PM Local Time of bank | | Same Day ACH | 2:30 PM ET | End of processing day | ## Step 1: Create a Recipient Identity The first step for making a payout is creating a [`RECIPIENT` Identity](/api/identities/createidentity) to represent whom you'll send funds to. The Identity resource helps manage bank accounts, cards, payout history, and the details of your customers. You can create either `PERSONAL` or `BUSINESS` Recipients. ### Required data | Required | Optional | Invalid | | --- | --- | --- | | | | | | Field | `type: PERSONAL` | `type: BUSINESS` | | --- | --- | --- | | Type `type` | | | | First Name `first_name` | | | | Last Name `last_name` | | | | Personal Address `personal_address` | | | | Business Name `business_name` | | | | Doing Business As `doing_business_as` | | | | Business Address `business_address` | | | | Business Phone `business_phone` | | | | Personal Email `email` | | | | Personal Phone `phone` | | | ### API request Personal Recipient Recipient (Personal) ```json Recipient (Personal) { "id": "IDwg9vTS2bNi12SxhScaUTui", "created_at": "2026-09-25T20:05:11.66Z", "updated_at": "2026-09-25T20:05:11.66Z", "application": "APc9vhYcPsRuTSpKD9KpMtPe", "entity": { "ach_max_transaction_amount": 0, "amex_mid": null, "annual_card_volume": 0, "business_address": null, "business_name": null, "business_phone": null, "business_tax_id_fingerprint": null, "business_tax_id_provided": false, "business_type": null, "default_statement_descriptor": null, "discover_mid": null, "dob": null, "doing_business_as": null, "email": null, "first_name": "John", "has_accepted_credit_cards_previously": false, "incorporation_date": null, "last_name": "Jeremy", "max_transaction_amount": 0, "mcc": null, "ownership_type": null, "personal_address": { "line1": "789 Oak Drive", "line2": null, "city": "Springfield", "region": "IL", "postal_code": "62704", "country": "USA" }, "phone": null, "principal_percentage_ownership": null, "short_business_name": null, "tax_authority": null, "tax_id_fingerprint": null, "tax_id_provided": false, "title": null, "url": null }, "identity_roles": [ // [!code highlight] "RECIPIENT" ], "tags": {}, "type": "PERSONAL", // [!code highlight] "_links": { "self": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui" }, "verifications": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/verifications" }, "merchants": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/merchants" }, "settlements": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/settlements" }, "authorizations": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/authorizations" }, "transfers": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/transfers" }, "payment_instruments": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/payment_instruments" }, "associated_identities": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/associated_identities" }, "disputes": { "href": "https://finix.sandbox-payments-api.com/identities/IDwg9vTS2bNi12SxhScaUTui/disputes" }, "application": { "href": "https://finix.sandbox-payments-api.com/applications/APc9vhYcPsRuTSpKD9KpMtPe" } } } ``` Business Recipient Recipient (Business) ```json Recipient (Business) { "id": "IDo2fLkwALWQoMbFntPB2iMi", "created_at": "2026-09-25T20:05:11.22Z", "updated_at": "2026-09-25T20:05:11.22Z", "application": "APc9vhYcPsRuTSpKD9KpMtPe", "entity": { "ach_max_transaction_amount": 0, "amex_mid": null, "annual_card_volume": 0, "business_address": { "line1": "7890 Oak Drive", "line2": "Suite 101", "city": "Smalltown", "region": "TX", "postal_code": "75432", "country": "USA" }, "business_name": "Blue Horizon Technologies", "business_phone": null, "business_tax_id_fingerprint": null, "business_tax_id_provided": false, "business_type": null, "default_statement_descriptor": null, "discover_mid": null, "dob": null, "doing_business_as": "B.H. Technologies", "email": null, "first_name": "John", "has_accepted_credit_cards_previously": false, "incorporation_date": null, "last_name": "Jeremy", "max_transaction_amount": 0, "mcc": null, "ownership_type": null, "personal_address": { "line1": "741 Douglass St", "line2": "Apartment 7", "city": "San Mateo", "region": "CA", "postal_code": "94114", "country": "USA" }, "phone": null, "principal_percentage_ownership": null, "short_business_name": null, "tax_authority": null, "tax_id_fingerprint": null, "tax_id_provided": false, "title": null, "url": null }, "identity_roles": [ // [!code highlight] "RECIPIENT" ], "tags": {}, "type": "BUSINESS", // [!code highlight] "_links": { "self": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi" }, "verifications": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/verifications" }, "merchants": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/merchants" }, "settlements": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/settlements" }, "authorizations": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/authorizations" }, "transfers": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/transfers" }, "payment_instruments": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/payment_instruments" }, "associated_identities": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/associated_identities" }, "disputes": { "href": "https://finix.sandbox-payments-api.com/identities/IDo2fLkwALWQoMbFntPB2iMi/disputes" }, "application": { "href": "https://finix.sandbox-payments-api.com/applications/APc9vhYcPsRuTSpKD9KpMtPe" } } } ``` ## Step 2: Create a Payment Instrument for the Recipient PCI Level 1 Compliance Creating `Payment Instruments` and passing payment details (account number, card number, etc.) directly via the API should only be done for testing purposes and by PCI Level 1 compliant entities. If you aren't a Level 1 PCI-compliant entity, you must use our [Tokenization Forms](/guides/online-payments/payment-tokenization/tokenization-forms), [Mobile Tokenization](/guides/online-payments/payment-tokenization), or [Plaid](/guides/online-payments/bank-payments/plaid-integration) to accept payment details and comply with PCI regulations. Now that we've created an `Identity` for our recipient, we'll need to create a `Payment Instrument` using the recipient's bank account. A `Payment Instrument` represents the recipient's payment method that will receive funds. When creating `Payment Instruments` for Payouts, `attempt_bank_account_validation_check` must be set to `true`. If you have any questions about creating `Payment Instruments`, reach out to your Finix Point of Contact or [Finix Support](mailto:support@finix.com). Bank Account Payment Instrument - Bank Account ```json Payment Instrument - Bank Account { "id": "PI68E8eKh1v4P2eY2PoLrzzT", "created_at": "2026-09-25T20:05:25.37Z", "updated_at": "2026-09-25T20:05:25.37Z", "application": "APc9vhYcPsRuTSpKD9KpMtPe", "created_via": "API", "currency": "USD", "disabled_code": null, "disabled_message": null, "enabled": true, "fingerprint": "FPRxpMNPZbZqVQfcHzRUJnzkR", "identity": "IDmj1yA97RS4rMjiQgvK3Vio", "instrument_type": "BANK_ACCOUNT", // [!code highlight] "microdeposit": "microdeposit_g92m9YHXhhndZcmFAUW7Ki", "microdeposit_verification_url": "https://link.sandbox-payment-form.com/DKDrmq", "account_type": "BUSINESS_CHECKING", "bank_account_validation_check": "NOT_ATTEMPTED", "bank_code": "122105278", "country": "USA", "institution_number": null, "masked_account_number": "XXXXXX0019", "name": "Smith & Associates Consulting", "transit_number": null, "tags": {}, "third_party": null, "third_party_token": null, "type": "BANK_ACCOUNT", "_links": { "self": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI68E8eKh1v4P2eY2PoLrzzT" }, "authorizations": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI68E8eKh1v4P2eY2PoLrzzT/authorizations" }, "transfers": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI68E8eKh1v4P2eY2PoLrzzT/transfers" }, "verifications": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI68E8eKh1v4P2eY2PoLrzzT/verifications" }, "application": { "href": "https://finix.sandbox-payments-api.com/applications/APc9vhYcPsRuTSpKD9KpMtPe" }, "identity": { "href": "https://finix.sandbox-payments-api.com/identities/IDmj1yA97RS4rMjiQgvK3Vio" } } } ``` Plaid Bank Account Payment Instrument - Plaid Bank Account ```json Payment Instrument - Plaid Bank Account { "id": "PI9RvCXMLzSHkQpUWxX7dgY4", "created_at": "2026-09-25T20:36:43.89Z", "updated_at": "2026-09-25T20:36:43.89Z", "application": "APc9vhYcPsRuTSpKD9KpMtPe", "created_via": "API", "currency": "USD", "disabled_code": null, "disabled_message": null, "enabled": true, "fingerprint": "FPRxAutj19xH1AH6ykGx2dwa7", "identity": "ID3YZagNmW2bXhJkA6RdUkdS", "instrument_type": "BANK_ACCOUNT", "account_type": "CHECKING", "bank_account_validation_check": "VALID", "bank_code": "011401533", "country": "USA", "institution_number": null, "masked_account_number": "XXXXXXXXXXX0000", "name": "John Smith", "transit_number": null, "tags": {}, "third_party": "PLAID", // [!code highlight] "third_party_token": "processor-sandbox-ab3cff03-8948-1291-f2fe-05634be2c38c", "type": "BANK_ACCOUNT", "_links": { "self": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI9RvCXMLzSHkQpUWxX7dgY4" }, "authorizations": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI9RvCXMLzSHkQpUWxX7dgY4/authorizations" }, "transfers": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI9RvCXMLzSHkQpUWxX7dgY4/transfers" }, "verifications": { "href": "https://finix.sandbox-payments-api.com/payment_instruments/PI9RvCXMLzSHkQpUWxX7dgY4/verifications" }, "application": { "href": "https://finix.sandbox-payments-api.com/applications/APc9vhYcPsRuTSpKD9KpMtPe" }, "identity": { "href": "https://finix.sandbox-payments-api.com/identities/ID3YZagNmW2bXhJkA6RdUkdS" } } } ``` ## Step 3: Verify and onboard the Recipient Now that we've associated a `Payment Instrument` with our recipient's `Identity` we're ready to provision a recipient account. This is the last step before you can begin paying out a recipient `Identity`. Luckily you've already done most of the heavy lifting - make one final POST request, and a `Merchant` resource will get returned. Example API Definition Example Merchant ```json Merchant { "id": "MU3CTeJT1MMhwaGZabCo2xwK", "created_at": "2026-09-30T00:02:16.89Z", "updated_at": "2026-09-30T00:02:16.89Z", "application": "APc9vhYcPsRuTSpKD9KpMtPe", "card_cvv_required": false, "card_expiration_date_required": true, "card_network_details": null, "convenience_charges_enabled": false, "country": "USA", "creating_transfer_from_report_enabled": false, "currencies": [ "USD" ], "default_partial_authorization_enabled": false, "disbursements_ach_pull_enabled": true, "disbursements_ach_push_enabled": true, "disbursements_card_pull_enabled": true, "disbursements_card_push_enabled": true, "disbursements_same_day_ach_pull_enabled": false, "disbursements_same_day_ach_push_enabled": false, "fee_ready_to_settle_upon": "PROCESSOR_WINDOW", "first_approved_at": null, "gateway": null, "gross_settlement_enabled": false, "identity": "IDfC3Z9xVrniLsE6Hk4Zqhjv", "instant_payouts_card_push_enabled": false, "is_terminated": false, "level_two_level_three_data_enabled": false, "loan_repayment": null, "mcc": "4900", "merchant_name": "Finix Flowers", "merchant_profile": "MPh7HkSopbp5wFnTgWNQujDx", "microdeposit_verification_required_buyer": true, "microdeposit_verification_required_sender": false, "mid": null, "onboarding_state": "PROVISIONING", "pending_refunds_strategy": "SAME_DAY_ADJUSTMENT", "processing_enabled": false, "processor": "DUMMY_V1", "processor_details": {}, "ready_to_settle_upon": "PROCESSOR_WINDOW", "ready_to_settle_upon_delay_alignment": "NONE", "refunds_disabled": false, "rent_surcharges_enabled": false, "settlement_enabled": false, "settlement_funding_identifier": "UNSET", "settlement_queue_mode": "UNSET", "surcharges_enabled": false, "tags": {}, "termination_details": null, "unreferenced_refund_card_present_enabled": true, "unreferenced_refund_manual_entry_enabled": false, "verification": "VIw6VyyzVBjdoabt98e4Nrj2", "_links": { "self": { "href": "https://finix.sandbox-payments-api.com/merchants/MU3CTeJT1MMhwaGZabCo2xwK" }, "identity": { "href": "https://finix.sandbox-payments-api.com/identities/IDfC3Z9xVrniLsE6Hk4Zqhjv" }, "verifications": { "href": "https://finix.sandbox-payments-api.com/merchants/MU3CTeJT1MMhwaGZabCo2xwK/verifications" }, "merchant_profile": { "href": "https://finix.sandbox-payments-api.com/merchant_profiles/MPh7HkSopbp5wFnTgWNQujDx" }, "application": { "href": "https://finix.sandbox-payments-api.com/applications/APc9vhYcPsRuTSpKD9KpMtPe" }, "verification": { "href": "https://finix.sandbox-payments-api.com/verifications/VIw6VyyzVBjdoabt98e4Nrj2" } } } ``` API Definition ## Step 4: Create a bank Payout Create a `Transfer` to send funds to the bank account. A `Transfer` represents any flow of funds to or from a `Payment Instrument`. To create a `Transfer`: 1. Choose the [bank payout speed](#choosing-your-payout-speed). 2. Set `destination` to the ID of the `Payment Instrument` for the tokenized bank account. 3. Set `amount` to the funds in cents. 4. Include an `idempotency_id`. See [Idempotent Requests](/additional-resources/developers/authentication-and-api-basics/idempotent-request) for details. ### Choosing your Payout speed #### Next day ACH For Next Day ACH, set the `operation_key` to `PUSH_TO_ACH`. Example API Definition #### Same day ACH For Same Day ACH, set the `operation_key` to `PUSH_TO_SAME_DAY_ACH`. Default Same Day ACH is not enabled by default. If you are interested in Same Day ACH, please contact your Finix representative to enable `disbursements_same_day_ach_push_enabled` for your `Application`. Example API Definition