Auto receive funds

Automatically receive and convert funds from other countries and currencies

Some customers can automatically receive funds from overseas. Meaning, if we detect an overseas deposit to the Flash Payments controlled bank account(s) then we can automatically create an inbound payment, convert funds, and top up your Flash Payments balance with AUD.

Note! For sub-clients, a complete real-world address is mandatory. All address fields must be provided when creating a sub-client in our system. Additionally, funds must be sent from a bank account registered under your name or your sub-client’s name. In some cases, but not always, the payment must include the specific payment reference we provide. See below for more details.

Here is how it looks step by step.

1. We would need to enable the foreign currency auto-receiving feature for you.

2. You, or your Sub-client, would have a special bank account in, say, SEPA zone. Find the details below.

   • The account number and payment reference depends on the currency and country you wish to deposit to. E.g. the EUR currency account is usually a British IBAN (starts with "GB").

3. You, or your Sub-client, would deposit money to it. Make sure to submit the exact payment reference we told you! Otherwise, your funds will be returned.

4. The Flash Payments would detect the account funding event and automatically create a EUR->AUD payment for you.

5. You would receive at least two webhook notifications - payment_created and payment_complete.

6. Your Flash Payments AUD balance would increase accordingly.

To find which foreign currency bank account you would need to deposit to, please go to the FlashConnect and find there the list of inbound currencies we support and the corresponding bank account numbers. It's called the "Funding Accounts" throughout the user interface.

Tip. You can simulate and test an international inbound payment with the FlashConnect tool in the UAT environment. Just go to the FX Payments page and click "SEND TEST INBOUND PAYMENT". Additionally, you can test an international inbound payment sent by your sub-client in the UAT. Just go to the Sub-clients page, find the sub-client, and click "SEND TEST INBOUND PAYMENT".

To find out the Funding Accounts via API please use the fundingAccounts query.

You should deposit your foreign currency to:

Query

{
  fundingAccounts(input: { currencies: [EUR, USD, HKD, CNY] }) {
    iban
    accountNo
    accountName
    accountAddress
    bic
    currency
    externalReference
  }
}

Response

{
  "data": {
    "fundingAccounts": [
      {
        "iban": "GB91 BARC 2006 0565 4685 66",
        "accountNo": "65468566",
        "bic": "BARCGB22",
        "currency": "USD",
        "externalReference": "191127-99999"
      },
      {
        "iban": "GB05 BARC 2006 0574 7412 77",
        "accountNo": "74741277",
        "bic": "BARCGB22",
        "currency": "EUR",
        "externalReference": "191127-99999"
      },
      {
        "iban": null,
        "accountNo": "87135588",
        "bic": "BARCGB22",
        "currency": "CNY",
        "externalReference": "191127-99999"
      },
      {
        "iban": "GB87 BARC 2006 0546 9946 00",
        "accountNo": "46994600",
        "bic": "BARCGB22",
        "currency": "HKD",
        "externalReference": "191127-99999"
      }
    ]
  }
}

Your sub-clients should deposit their foreign currency to:

Query

{
  subClients(input: { externalId: "991188227733" }) {
    id
    externalId
    fundingAccounts(input: { currencies: [EUR, USD, CNY] }) {
      iban
      accountNo
      accountName
      accountAddress
      bic
      currency
      externalReference
    }
  }
}

Response

{
  "data": {
    "subClients": [
      {
        "id": "60a1e9e76eaedbf66964a323",
        "externalId": "991188227733",
        "fundingAccounts": [
          {
            "iban": "GB91 BARC 2006 0565 4685 66",
            "accountNo": "65468566",
            "bic": "BARCGB22",
            "currency": "USD",
            "externalReference": "210616-99999"
          },
          {
            "iban": "GB05 BARC 2006 0574 7412 77",
            "accountNo": "74741277",
            "bic": "BARCGB22",
            "currency": "EUR",
            "externalReference": "210616-99999"
          },
          {
            "iban": null,
            "accountNo": "87135588",
            "bic": "BARCGB22",
            "currency": "CNY",
            "externalReference": "210616-99999"
          },
        ]
      }
    ]
  }
}