Remittance

Payment model REMITTANCE

Move value from a sender to a recipient across accounts, countries, currencies, or rails.

Conomy validates the route, captures the funded side, applies the selected currency or product path, and sends the payout instruction through the destination rail.

Origin

An internal ACCOUNT or an external pay-in rail, depending on whether the sender has prefunded balance.

Destination

A payout rail configured for the recipient country and currency.

Best for

Cross-border transfers, off-ramp flows, and payment products where the sender and recipient are different parties.

Example — Brazil to USA

{
  "identityId": "<IDENTITY_ID>",
  "accountNumber": "<ACCOUNT_NUMBER>",
  "product": "BRL:USD",
  "type": "REMITTANCE",
  "purchaseAmount": "500",
  "purchaseCurrency": "BRL",
  "currency": "USD",
  "origins": [
    {
      "type": "ACCOUNT",
      "currency": "BRL",
      "identity": { "identityId": "<IDENTITY_ID>" },
      "account": { "accountNumber": "<ACCOUNT_NUMBER>" }
    }
  ],
  "destinations": [
    {
      "type": "ACH",
      "currency": "USD",
      "ach": {
        "routingNumber": "021000021",
        "accountType": "CHECKING",
        "bank": { "accountNumber": "123456789" },
        "customer": {
          "firstName": "John",
          "lastName": "Doe",
          "email": "john@example.com",
          "documentNumber": "123-45-6789",
          "documentType": "SSN"
        }
      }
    }
  ]
}

Ownership

Only the account owner can initiate a remittance.

Settlement Time

Settlement depends on origin and destination rails. Cross-border transfers typically settle within 1–3 business days.

Bulk Payments

Bulk disbursements are supported: one origin, multiple destinations.