25 docs tagged with "developer"

Account statuses

This guide will show you how to close a bank account via the API. It covers all types of bank accounts you can currently create on the Griffin platform.

Commission is an incentive that Griffin pays to you based on the balances that your customers hold with Griffin. We pay this to our customers to give a share of the value that we earn on deposits held, and to incentivise our customers to grow their deposit base with us. Commission behaves a lot like interest except that commission is not paid to the owner of the account, but to the Griffin customer that controls the account.

Confirmation of Payee (CoP) is a payee checking service that helps prevent UK domestic payments from being sent to the wrong account. It does this by making sure the payee account details provided match the details held by their provider.

A payee stores the details of someone you want to send money to - this could be an individual, joint account holders, or a business. Similar to saving a contact, once you've saved someone as a payee, you can easily make future payments to them without re-entering their information.

An event occurs when the state of an API resource changes. For example, a transaction-created event occurs whenever funds are deposited or withdrawn from a Griffin bank account.

Welcome to the Griffin API! This guide will take you through creating an API key and introduce some concepts you need to get started.

This guide will show you how to implement message signatures for API requests. Message signatures allow us to verify that API requests come from a valid source and ensure the integrity of each request.

Interest is money that you earn on your funds that you hold with Griffin. It is based on the amount of money you hold with us and the interest rate on the account that holds the funds.

This guide will show you how to invite new users to your organisation.

A legal person is either:

This guide will walk you through making a payment to a UK bank account. Payment processing is a multi-step process which requires interacting with several resource types. Learn about payments, transactions, submissions and admissions here

This guide will show you how to add and remove members of a pooled safeguarding or pooled client money account.

To onboard a limited company, you will need to capture information about the company itself and also verify the identities of any company directors or people with significant control (PSCs).

Before you can hold money in a Griffin bank account on behalf of a sole trader, you will need to onboard them.

Before you can hold money in a Griffin bank account on behalf of an individual, you will need to onboard them.

A client money account is for managing your customers' funds. Only firms regulated under CASS (the FCA's Client Assets Sourcebook) can open client money accounts. You can choose to open a dedicated account for each of your customers, or a pooled account for holding funds from multiple customers. Learn more about bank accounts.

A safeguarding account is for managing your customers funds. Only firms regulated as Electronic money institutions (EMIs) and payments institutions (PIs) in the UK can open safeguarding accounts. You can choose to open a dedicated account for each of your customers, or a pooled account for holding funds from multiple customers. Learn more about bank accounts.

A savings account enables you to offer savings products to your customers. Learn more about savings accounts.

An operational account is a bank account for managing your organisation's own funds. Learn more about bank accounts.

Payees provide a way to store a payee name (account-holder) against UK payment details - an account number (account-number) and a sort code (bank-id) - and to easily reference these when making a payment.

Making a payment is a multistep process. There are several resources that you will need to interact with throughout its processing lifecycle which are described below.

What is the primary account?

This guide will walk you through receiving a payment to one of your accounts. Payment processing is a multi-step process which requires interacting with several resource types. Learn about payments, transactions, submissions and admissions here

Typically Faster Payments are sent immediately after they have been submitted, and received in the creditor's account shortly after that. Withdrawal schedules introduce a delay between payment submission and the payment being sent.