Bank accounts

Link a bank account to a Moov account to send funds to it. To also debit it, verify that the account holder owns it.

How you link depends on whether you already use Plaid or MX:

You use Plaid or MX: link and verify in one request with a Plaid processor token or MX authorization code.
Otherwise: link the bank account with its routing and account number, then verify it with instant micro-deposits.

Track progress with the bank account status.

Account types

Account type	Description	Individual account	Business account
`checking`	Standard checking account	✓	✓
`savings`	Standard savings account	✓	✓
`loan`	Loan account for activities such as debt repayment and consumer bill pay	✓	✓
`general-ledger`	Ledger account for activities such as disbursements and external account funding	×	✓

Moov automatically creates a payment method for every rail a bank account is eligible for: ach-debit-fund and ach-debit-collect (sources, once the account is verified), and ach-credit-standard, ach-credit-same-day, instant-bank-credit, and the legacy rtp-credit (destinations, funded from a Moov wallet). The payment methods guide describes each one.

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