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Card Products have an underlying Financial Account referred to as the Product Funding Balance. Like all Financial Accounts, the Product Funding Balance has an associated set of Ledgers. The types of Ledgers are provisioned based on your Product's Vertical.
In your Live Environment, your Product Funding Balance has an Account and Routing Number and may be funded via Wire Transfer from an external bank account.
In your Test Environment, you can Simulate Funding your Balance via Wire Transfer.
The role of your Product Funding Balance is dependent on the vertical of your Product.
|Product Vertical||The Role of the Product Funding Balance|
|Debit||Cover Negative Balances in Account Holder Financial Accounts, Issue Provisional Credits|
|Charge||Backs the line of credit issued to Financial Accounts|
|Secured Charge||Backs the line of credit issued to Financial Accounts|
|Fleet||Backs the line of credit issued to Financial Accounts|
|AP Automation||Provides Funds to Account Holder Financial Accounts via Funds Load|
|Prepaid||Provides Funds to Account Holder Financial Accounts via Funds Load|
|Payroll||Provides Payroll Advance, Covers Negative Balances in Account Holder Financial Accounts, Issues Provisional Credits|
|Wire Transfer||Same Business Day||Highest|
|Intra-Highnote Transfer||Instant||No Cost|
In the Test Environment, you will Simulate a Wire Transfer with the ID of your Product Funding Balance. To get the ID of your Product Funding Balance you can query by your Product ID, and the account will have a feature with a typename of
ProductFundingFinancialAccountFeature. This ID is also available on the "Balance" tab of your Product in the Dashboard.
In the Live Environment, you will initiate a wire transfer outside of Highnote and will not need the ID of the Product Funding Balance.
In the Test Environment, you can simulate a Wire Transfer to increase the funds available in your Product Funding Balance.
To unload funds from a Financial Account, you can move funds from the Account (source) to your Product Funding Balance (destination).