Bank Payout Hungary
Disburse funds directly to a bank account. | Enterprise
hu_ach_bank is a new local bank payout method type used for payouts in Hungary. A sender can disburse funds into a beneficiary’s bank account in Hungary. This payout method supports several banks in the region and allows the beneficiary to be paid in the country's local currency.
The benefits for the user include the ability to create payouts through local bank transfers and disburse funds into Hungarian bank accounts.
You need to find the required fields for each payout method type.
For that, you'll use Get Payout Required Fields. Enter hu_ach_bank as the value for the payout_method_type path parameter.
Use Create Payout with the following parameters:
Create Payout Request Parameters
Body Parameter | Description |
ewallet | Enter the wallet 'id' that you received when you created the company wallet in your sandbox. |
payout_amount | Enter 100 as the amount received by the beneficiary. |
payout_method_type | Enter hu_ach_bank as the payout method type. |
sender_currency | Enter USD as the code for United States Dollar, the sender's currency. |
sender_country | Enter US as the code for the United States, the sender's country. |
beneficiary_country | Enter HU as the code for Hungary, the beneficiary's country. |
payout_currency | Enter HUF as the code for Hungarian Forint, the currency received by the beneficiary. |
sender_entity_type | Enter ‘individual’ as the type of entity for the sender. |
beneficiary_entity_type | Enter ‘individual’ as the type of entity for the beneficiary. |
beneficiary | Enter a
|
sender | Enter a
|
description | Enter ‘salary payout - wallet to bank account’ as the description of the payout transaction. |
payout_options | Enter a
|
Create Payout describes the fields in the response.
Details | Description |
Payout Method Category | bank |
Payout Request String | POMT = hu_ach_bank |
Country | Hungary |
Sender Currency | USD, ISK, GBP, EUR, SGD, HKD, AUD |
Transaction Limits | N/A |
Settlement Timeframe | 3 days |