Digital banking
How money moves
- Customer funds their account. A customer moves money from an external bank account into their wallet by ACH debit, or instantly from a debit card with pull from card.
- Customer spends or transfers. Customers move money between wallets instantly, or send it out to any linked bank account or card.
- Customer withdraws. Funds leave the wallet by instant payments (RTP or FedNow), same-day or standard ACH, or push to card.
- Customer repays credit products. For loans or credit lines you offer, customers repay by debit card or bank account, often through a payment link you send by email or SMS.
Moov products you'll use
- Hosted onboarding: open customer accounts with KYC and terms of service acceptance.
- Link bank accounts and cards: connect customers' external accounts as sources.
- Fund a wallet: move money into customer wallets by ACH or pull from card.
- Instant payouts and push to card: let customers withdraw in seconds.
- Payment links: collect loan repayments with a URL or QR code.
- Debt repayment: lower interchange on card-funded loan repayments.
Digital banking considerations
Instant account funding. Customers expect a new account to be usable right away. Pull from card moves funds instantly from an eligible debit card, while ACH debit is the low-cost option for larger transfers. Moov checks each linked source's eligibility for the RTP, FedNow, ACH, and card networks and creates the matching payment methods automatically.
Interchange incentives on repayments. If you lend, debit and prepaid card repayments can qualify for Visa, Mastercard, and Discover debt repayment programs after Moov registers your business account with each network. Banks and credit unions (MCC 6012) are eligible. See debt repayment for eligibility and the registration timeline.
Shorter signup forms. The form shortening API autofills profile details from an email address, autocompletes addresses, and looks up banks by routing number. Moov.js composable Drops provide prebuilt UI for the same flow.
Build it
Work through these guides in order to build this integration end to end: