Settlement accounts
A settlement account is the account where your payments settle in a clearing system. Every scheme you are connected to has its own settlement account, and each clearing system uses its own name for it:For backward compatibility, the API exposes settlement accounts under the
/v1/nostro-accounts paths and uses nostro in field names. The dashboard and this documentation call them settlement accounts.What you can do
Operational and safeguarding accounts
Withdrawals and EKS transfers use two kinds of bank accounts that you register once, in the dashboard under Settings > Liquidity or through the bank accounts API:- Operational account - an IBAN under one of your own BICs that is used as the debtor of the outgoing payment. It identifies you as the sender; the funds are always taken from the settlement account of the scheme the payment is sent on.
- Safeguarding account - the account a withdrawal is paid to, for example your safeguarding account at a credit institution. Withdrawals can only be paid to registered safeguarding accounts.
Transfer lifecycle
Every transfer has one of these statuses, in this order:
The transfer amount is never signed: a transfer moves money from one of your accounts to another. Each account’s movement appears separately, as an adjustment or payment transaction linked to the transfer (
adjustmentTransactionIds, paymentTransactionId).