Send funds to third parties

With an Adyen business account, your users can make business-related payments by transferring funds to third-party bank accounts, for example, to pay out their suppliers. Third-party accounts are not owned by your user and therefore not connected to their legal entity as a transfer instrument.

When your user makes a payment to a third-party bank account, their business accounts are debited, and the business account number is shown in the bank statement of the recipient. Adyen informs your server of this transfer through outgoing bank transfer webhooks.

Supported currencies, locations, and priorities

You can specify how fast you want the funds to arrive to your user's account by setting a priority in the request. A with a higher priority incurs higher fees. You can set the following priorities for bank transfers:

• Regular: Recommended for standard, low-value transactions to a recipient in the same region.
• Instant: Transfers funds instantly within the United States and the Single Euro Payments Area (SEPA).
• Fast: Processes faster than Regular and incurs higher fees. Suitable for high-priority, low-value transfers in the same region.
• Wire: The fastest option, with the highest fees. Recommended for high-priority, high-value transfers in the same region.
• Cross-border: Recommended for high-value transfers to recipients in other regions or countries.

  When using Cross-border priority, delays and additional fees may occur due to intermediary banks. As a result, the beneficiary may receive a lower amount than the instructed value.

• Internal: Transfers between Adyen-issued accounts, such as balance accounts or business accounts.

The following tables show the priorities available for each currency and location.

Transfer cut-off times

There are specific times during a business day, called cut-off times, when Adyen stops processing bank transfers for settlement within the settlement delay. Bank transfers initiated before the cut-off time are typically processed within the specified settlement delay, while those initiated after the cut-off time will be processed the next day within the specified settlement delay.

Adhering to cut-off times can help you maintain consistency and predictability of your financial activities.

Example cut-off times

Bank account identification types and supported priorities

When transferring funds to a third-party bank account, you need to provide the accountIdentification.type in your API request. The type also determines the required bank account details.

1. To determine the accountIdentification.type value, you must have:
   • The location of the recipient bank account.
   • The currency of the funds you are transferring.
2. Find the combination in the table below and select the type to see the required fields.

This combination also identifies if you are doing a local or cross-border transfer. Cross-border transfers must be sent as wire transfers, and you must include the address of the bank account owner.

The following table show the limits for the length and the characters you can use in the descriptions based on the country/region, currency and priority.

Supported countries, currencies, and priorities

See the following overview of supported countries, currencies, priorities, and bank account formats for bank details. Depending on the country or region, users can provide their bank details using the default bank account format or a custom value.