Single and Bulk Disbursements

Linking & Prerequisites for Initiating Disbursements

To execute disbursements successfully, follow these steps:

Perform a Bank Account Lookup: Before sending funds, it’s highly recommended to confirm the recipient’s details. Use the Resolve Bank Account Endpoint which requires the recipient’s accountNumber and bankCode(the unique bank identifier) as input. This prevents accidentally sending money to the wrong bank entirely.
Ensure Linked Account: Disbursements are initiated from the primary operational account Spotflow creates for you internally. Ensure this is properly funded and linked to your operations.

You can move funds from your internal Spotflow account to an external bank account using one of two methods:

Disbursement Type	API Endpoint	Description
Single Disbursement	Create Disbursement Endpoint	Initiate a single payout. Requires key details like the disbursement amount, your chosen unique reference for reconciliation, and the recipient’s accountNumber and bankCode.
Bulk Disbursement	Bulk Disbursement Endpoint	Initiate multiple payouts with a single API call. Ideal for mass payments (e.g., payroll or vendor payments).

Remember: A solid reconciliation reference is your best friend when dealing with finance. Use that reference wisely!