Overview# Funding accounts are virtual accounts for fiat currency transactions, used for asset transformations across jurisdictions.
A funding account creates a fiat virtual account in a chosen jurisdiction with unique banking details for the user. Use Cases# Transformation Funding : Provides account details for depositing fiat funds for cross-network asset transformations.Transaction Initiation : Returns funding account details as deposit instructions when a transaction is initiated via simulate request.Implementation Notes# Before implementing funding accounts, please note these important considerations:
Creation Fees : Creating a funding account incurs a fee.
Maintenance Fees : Maintenance fee is charged for all active accounts on a monthly basis.
Jurisdiction Limit : One funding account per jurisdiction allowed.
Support : Contact Zynk support for fee details.
APIs# Creates a new account in a jurisdiction, returning banking details for fiat deposits.
Funding Account Details# Each funding account created has the following details Field Description ID Unique account identifier Entity ID Associated entity Jurisdiction ID Account's jurisdiction Provider ID Banking partner Status Active or Inactive Account Info Banking details, this may vary based on jurisdiction and banking partner
