Deposit Hub
With Deposit Hub you can customize unique products and bring them to market in weeks, not months.
Open a wallet that enables your customers to store funds and use our full stack payment features to enable access to funds.
Use our deposit and payments stack to create fully white-labeled payment processing solutions that include merchant processing accounts for your customers.
Create interest bearing savings accounts to enable healthier financial habits for your customers.
Open deposit accounts, issue card and account numbers to create a neo banking platform for your customers.
Open a custody account, issue a card, use instant auth to fund the card at the time of transaction.
Benefits
Speed to Market
With Synapse, you get a modern Core and Risk platform all packed in easy-to-use APIs, enabling you to go to market in 6-8 weeks.
Feature Rich
Synapse provides a rich stack that enables you to provide a full stack of payment instruments (ACH, Checks, Wires, Bill Pay, Card Processing), an easy-to-use KYC Suite, Built-in multiple bank partnerships, and much more.
Easy to Use
Our public RESTful APIs and SDKs make it easy for you to deploy customized financial products in minutes, not weeks, or months.
White-Labeled
Use our APIs and SDKs to access all of the features and capabilities so your brand is highly differentiated.
Bank Portable
We have multiple bank partnerships built into the platform so you’re never reliant on just one bank partner as you scale.
Revenue Driver
Drive revenue via APY and/or card usage (interchange) from day one of going live.
All-in-One Customizable Solution
Use our built-in KYC and Customer Support features, or bring your own. We’ve built a platform that allows you to get to market quickly with a wide breadth of functionality. You choose what you want to own and what you want us to do for you.
Deposit Hub Account Types
Interest Carrying Deposit Account
A bank account that carries interest. This account is ideal for creating a debit card product.
FBO Sub Account
A Sub Account issued to the end user inside your FBO Account. This account is ideal for creating a low KYC automated savings product.
Custody Account
An alternative to the deposit account, where the account is held under a trust vs a bank allowing a lower KYC wallet solution. Ideal for creating Fiat Wallet products.
Clearing Account
Non-FDIC insured account created for payment processing purposes. Ideal for creating merchant processing or payment processing solutions.
Key Features of Deposit Hub
ACH
Process same day or next day ACH transactions in and out of accounts for easy bank to bank transfers.
Learn More
International Transfers
Send next-day transfers to non-US accounts to pay friends, family, or vendors.
Card Processing
Instantly fund accounts with any debit, prepaid, or credit card. Instantly cash out into any debit or prepaid card for faster access to cash.
Learn More
AC/RT Issuance
Issue unique account numbers on top of deposit accounts to enable ACH and Wire transactions in and out of the accounts for other platforms like Venmo, Lyft, PayPal, etc.
Card Issuance
Instantly issue card numbers on top of deposit accounts, then load them into any mobile wallet of choice and/or ship a physical card with various shipping and card styling options, including metal.
Learn More
Cash Access
Enable your customers to deposit or access cash in their deposit accounts via ATMs and popular convenience stores like 7-Eleven and Walgreens.
Bill Pay
Enable your customers to pay bills to thousands of vendors through our RPPS Integration.
Remote Deposit Capture
Deposit third-party checks into deposit accounts via our Remote Deposit Check feature.
Learn More
Multi-Bank
Keep deposits with multiple banks either to increase interest or FDIC coverage on customer deposits.
Interest for End-Users
Accrue interest daily on eligible deposit accounts.
Rebates for Platforms
Accrue daily rebates on deposits kept with us.
Early Payroll Access
Enable early pays by making the money available as soon as the payor notifies us of the intended deposit – which is often up to 2 days before most banks make the funds available.
Webhooks
Use our Webhooks infrastructure to stay up-to-date with any updates that happen to your user accounts.
Go live in 4-8 weeks
How it Works
Creating a Deposit Hub is as simple as following these two steps:
POST /v3.1/users HTTP/1.1
Host: https://uat-api.synapsefi.com
X-SP-GATEWAY: client_id_xxx|client_secret_xxx
X-SP-USER-IP: ip_address
X-SP-USER: |fp_xxx
Content-Type: application/json
{
"documents":[{
"email":"test@test.com",
"virtual_docs":[{
"document_type":"TIN",
}],
"physical_docs":[{
"document_type": "GOVT_ID",
}],
"social_docs":[{
"document_type": "MAILING_ADDRESS",
}]
}]
}
curl --location --request POST 'https://uat-api.synapsefi.com/v3.1/users' \
--header 'X-SP-GATEWAY: client_id_2bb1e412edd311e6bd04e285d6015267|client_secret_6zZVr8biuqGkyo9IxMO5jY2QlSp0nmD4EBAgKcJW' \
--header 'X-SP-USER-IP: 255.127.79.76' \
--header 'X-SP-USER: |e83cf6ddcf778e37bfe3d48fc78a6502062fc' \
--header 'Content-Type: application/json' \
--data-raw ' {
"logins": [
{
"email": "test@synapsepay.com",
"password":"TestTest123$"
}
],
"phone_numbers": [
"901.111.1111"
],
"legal_names": [
"Test User"
],
"documents":[{
"email":"test@test.com",
"phone_number":"901.111.1111",
"ip":"::1",
"name":"Test User",
"alias":"Test",
"entity_type":"M",
"entity_scope":"Arts & Entertainment",
"day":2,
"month":5,
"year":1989,
"address_street":"1 Market St.",
"address_city":"SF",
"address_subdivision":"CA",
"address_postal_code":"94105",
"address_country_code":"US",
"virtual_docs":[{
"document_value":"2222",
"document_type":"TIN",
"meta":{
"country_code":"US"
}
}],
"physical_docs":[{
"document_value": "data:image/gif;base64,SUQs==",
"document_type": "GOVT_ID",
"meta":{
"country_code":"US",
"state_code":"CA"
}
},
{
"document_value": "data:image/gif;base64,SUQs==",
"document_type": "GOVT_ID_BACK",
"meta":{
"country_code":"US",
"state_code":"CA"
}
}],
"social_docs":[{
"document_value": "101 2nd St. STE 1500 SF CA US 94105",
"document_type": "MAILING_ADDRESS",
"meta":{
"address_street":"101 2nd St STE 1500",
"address_city":"SF",
"address_subdivision":"CA",
"address_postal_code":"94105",
"address_country_code":"US",
"address_care_of":"Some User"
}
}]
}],
"extra": {
"supp_id": "122eddfgbeafrfvbbb",
"cip_tag":1,
"is_business": false
}
}'
POST /v3.1/users/user_id/nodes HTTP/1.1
Host: uat-api.synapsefi.com
X-SP-USER-IP: ip_address
X-SP-USER: oauth_xxx|fp_xxx
Content-Type: application/json
{
"type": "IC-DEPOSIT-US",
"info": {
"nickname":"My Interest Deposit Account",
"document_id":"user_doc_id"
}
}
curl --location --request POST 'https://uat-api.synapsefi.com/v3.1/users/5fd7acfd8677040053ad486d/nodes' \
--header 'X-SP-USER-IP: 255.127.79.76' \
--header 'X-SP-USER: oauth_WFecuSPqxGgU027IRAjtOf35vrNCpQZE1DYohX9y|e83cf6ddcf778e37bfe3d48fc78a6502062fc' \
--header 'Content-Type: application/json'
--data-raw '{
"type": "DEPOSIT-US",
"info": {
"nickname":"My Deposit Account",
"document_id":"2a4a5957a3a62aaac1a0dd0edcae96ea2cdee688ec6337b20745eed8869e3ac8"
}
}'
After that, you can choose to link ACH, Wire, Interchange and many more account types to fund the deposit account and/or issue cards and account numbers for a more holistic experience.
Deposit Pricing & Commercial Terms
Competitive on total cost of ownership.
Comprehensive with built-in core banking, payment rails and risk/compliance infrastructure. Pricing represents all you need to launch fully featured deposit and payment products.
Pricing is customizable to meet your needs.
Components may include:
To learn more, please contact Sales.
