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

To specify how fast the funds must be sent, you can set a priority in the request. A with a higher priority incurs higher fees. The priorities available for bank transfers are:

• Regular: recommended for normal, low-value transactions to a recipient in the same location.
• Instant: instant way to transfer funds within the United States and in Single Euro Payments Area (SEPA) locations. Has higher fees than a regular payout.
• Fast: faster than regular but has higher fees. Recommended for high-priority, low-value transactions to a recipient in the same location.
• Wire: fastest way but has the highest fees. Recommended for high-priority, high-value transactions to a recipient in the same location.
• Cross-border: recommended for high-value transactions to a recipient in a different location.

  When using cross-border priority, delays and potential fees may occur due to involving correspondent banks. As a result, the beneficiary may receive a reduced amount compared to the one instructed.

• Internal: transfer to an Adyen-issued business account.

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.

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.