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Add Funds to your Balance

Overview

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 VerticalThe Role of the Product Funding Balance
DebitCover Negative Balances in Account Holder Financial Accounts, Issue Provisional Credits
ChargeBacks the line of credit issued to Financial Accounts
Secured ChargeBacks the line of credit issued to Financial Accounts
FleetBacks the line of credit issued to Financial Accounts
AP AutomationProvides Funds to Account Holder Financial Accounts via Funds Load
PrepaidProvides Funds to Account Holder Financial Accounts via Funds Load
PayrollProvides Payroll Advance, Covers Negative Balances in Account Holder Financial Accounts, Issues Provisional Credits

Methods and Cost

Transfer MethodSpeedCost
Wire TransferSame Business DayHighest
Intra-Highnote TransferInstantNo Cost

Find the ID of your Product Funding Balance

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.

Simulate Wire Transfer

In the Test Environment, you can simulate a Wire Transfer to increase the funds available in your Product Funding Balance.

Unload Funds from a Financial Account to Product Funding Balance

To unload funds from a Financial Account, you can move funds from the Account (source) to your Product Funding Balance (destination).

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