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Documentation

Bank Payout Norway

Disburse funds directly to a bank account. | Enterprise

no_ach_bank is a new local bank payout method type used for payouts in Norway. A sender can disburse funds into a beneficiary’s bank account in Norway. 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 Norwegian bank accounts.

You need to find the required fields for each payout method type.

For that, you'll use Get Payout Required Fields. Enter no_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 no_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 NO as the code for Norway, the beneficiary's country.

payout_currency

Enter NOK as the code for Norwegian Krone, 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 beneficiary object that has the following fields:

  • company_name - company

  • first_name - individual

  • last_name - individual

  • iban - individual or company

  • bic_swift - individual or company

  • address - individual or company

  • city - individual or company

  • state - individual or company

  • country - individual or company

  • postcode - individual or company

sender

Enter a sender object that has the following fields:

  • company_name - company

  • country_of_incorporation - company

  • date_of_incorporation - company

  • identification_value - company

  • first_name - individual

  • last_name - individual

  • nationality - individual

  • date_of_birth - individual

  • identification_value - individual

  • identification_type - individual

  • address - individual or company

  • city - individual or company

  • state - individual or company

  • country - individual or company

  • postcode - individual or company

description

Enter ‘salary payout - wallet to bank account’ as the description of the payout transaction.

payout_options

Enter a payout_options object with the following fields:

  • statement_descriptor

Create Payout describes the fields in the response.

Details

Description

Payout Method Category

bank

Payout Request String

POMT = no_ach_bank

Country

Norway

Sender Currency

USD, ISK, GBP, EUR, SGD, HKD, AUD

Transaction Limits

N/A

Settlement Timeframe

3 days