Accounts
Once a Customer has been created and Identity verification is completed, the next step is creating Accounts. In Braid’s ecosystem, an Account is the financial container where funds are held, transactions are executed, and fees are applied. The account number will be used directly to send and receive payments via payment rails like Fedwire and FedACH.
An account can be created and linked to either a Business or an Individual Entity.
API Details
API for adding an Account for an Individual Customer
API for adding an Account for a Business Customer
API for Updating Account Parameters
Note: Not all account parameters can be updated.

Fig 1. Accounts
Special purpose accounts
Funding Account: A funding account is a source account used to automatically fund a virtual account (typically with a zero balance) at the time a transaction is initiated. When a transaction is initiated from a virtual account without enough balance, a just in time transfer will be created to transfer funds from Funding Account to the virtual account.
Sweeping Account: A sweeping account is a destination account to which available balances from a virtual account are automatically transferred to, typically on a daily basis.
Use Case: Imagine a marketplace platform that pays sellers. Funds are sent from the Merchant’s virtual account to each seller. A Master Account is being used to fund the outgoing transactions from the Merchant’s virtual account and at the end of the day, balances in the virtual accounts are swept back into a sweep account for consolidation and reporting

Fig 2. Account types
Updated about 12 hours ago