Transfers #

Transfers allow you to transfer money/balance into your end customers' account (deposits) or out (withdrawal).

It’s important to note that certain transfers, depending on the type and direction, will have fees associated with them. We currently support automated processing of fees on outgoing wires. For further information on this click here.

The Transfer Object #

Sample Object #

{
  "id": "be3c368a-4c7c-4384-808e-f02c9f5a8afe",
  "relationship_id": "0f08c6bc-8e9f-463d-a73f-fd047fdb5e94",
  "account_id": "c8f1ef5d-edc0-4f23-9ee4-378f19cb92a4",
  "type": "ach",
  "status": "COMPLETE",
  "reason": null,
  "amount": "498",
  "direction": "INCOMING",
  "created_at": "2021-05-05T07:55:31.190788Z",
  "updated_at": "2021-05-05T08:13:33.029539Z",
  "expires_at": "2021-05-12T07:55:31.190719Z",
  "requested_amount": "500",
  "fee": "2",
  "fee_payment_method": "user"
}

Attributes #

Attribute	Type	Notes
`id`	string/UUID	The transfer ID
`relationship_id`	string/UUID	The ACH relationship ID (can also be `bank_id` in the case of wire)
`account_id`	string/UUID	The account ID
`type`	ENUM.TransferType
`status`	ENUM.TransferStatus
`reason`	string (nullable)	Cause of the status
`amount`	string/decimal	The amount the recipient will receive after any applicable fees are deducted
`direction`	ENUM.TransferDirection
`created_at`	string/timedate	Timedate when transfer was created
`updated_at`	string/timedate	Timedate when transfer was updated
`expires_at`	string/timedate	Timedate when transfer was expired
`additional_information`	string	Additional information. Only applies to wire.
`requested_amount`	string/decimal	`amount` entered upon creation of a transfer entity
`fee`	string/decimal	Dollar amount of any applicable fees
`fee_payment_method`	ENUM.FeePaymentMethod	Denotes how any applicable fees will be paid

ENUM.TransferType #

Attribute	Description
`ach`	Transfer via ACH (US Only)
`wire`	Transfer via wire (international)

ENUM.TransferStatus #

Attribute	Description
`QUEUED`	Transfer is in queue to be processed
`APPROVAL_PENDING`	Transfer is pending approval
`PENDING`	Transfer is pending processing
`SENT_TO_CLEARING`	Transfer is being processed by the clearing firm
`REJECTED`	Transfer is rejected
`CANCELED`	Client initiated transfer cancellation
`APPROVED`	Transfer is approved
`COMPLETE`	Transfer is completed
`RETURNED`	The bank issued an ACH return for the transfer

ENUM.TransferDirection #

Attribute	Description
`INCOMING`	Funds incoming to user’s account (deposit)
`OUTGOING`	Funds outgoing from user’s account (withdrawal)

ENUM.FeePaymentMethod #

Only outgoing wire fees are currently supported for automated processing.

Attribute	Description
`user`	The end user will pay any applicable fees
`invoice`	Any applicable fees will be billed to the client in the following monthly invoice

Fixtures #

Transfer API supports fixtures in Sandbox Environment. You can pass the desired transfer status in the optional additional_information field when creating a transfer.

Attribute	Description
`QUEUED`	`/fixtures/status=QUEUED/fixtures/`
`PENDING`	`/fixtures/status=PENDING/fixtures/`
`REJECTED`	`/fixtures/status=REJECTED/fixtures/`
`CANCELED`	`/fixtures/status=CANCELED/fixtures/`
`RETURNED`	`/fixtures/status=RETURNED/fixtures/`
`APPROVED`	`/fixtures/status=APPROVED/fixtures/`

Sample Fixture #

Simulating a rejected account.

{
  "additional_information": "/fixtures/status=REJECTED/fixtures/"
}

Creating a Transfer Entity #

POST /v1/accounts/{account_id}/transfers

Create a new transfer to an account to fund it.

In the sandbox environment, you can instantly deposit to or withdraw from an account with a virtual money amount. In the production environment, this endpoint is used only for requesting an outgoing (withdrawal) wire transfer at this moment. For the wire transfer (in production), you need to create a bank resource first using the Bank API. For more on how to fund an account in sandbox please check out this tutorial here.

Request #

Sample Request #

{
  "transfer_type": "ach",
  "relationship_id": "<relationship_id UUID>",
  "amount": "500",
  "direction": "INCOMING"
}

Parameters #

Parameter	Type	Required	Notes
`transfer_type`	ENUM.TransferType	Required	Sandbox currently only supports `ach`
`relationship_id`	string/UUID	Required if `type = ach`	The `ach_relationship` created for the `account_id` here
`bank_id`	string/UUID	Required if `type = wire`	The `bank_relationship` created for the `account_id` here
`amount`	string/decimal	Required	Must be > 0.00. Any applicable fees will be deducted from this value.
`direction`	ENUM.TransferDirection	Required
`timing`	ENUM.TransferTiming	Required	Only `immediate`
`additional_information`	string	Optional - Applies only to wires	Additional wire details
`fee_payment_method`	ENUM.FeePaymentMethod	Optional	Determines how any applicable fees will be paid. Default value is `invoice`.

Response #

If successful, will return a newly Transfer Entity.

Retrieving All Transfers by Account #

GET /v1/accounts/{account_id}/transfers

You can query a list of transfers for an account.

Request #

Parameters #

Attribute	Type	Notes
`direction`	ENUM	Optional - `INCOMING`, `OUTGOING`
`limit`	int	Optional
`offset`	int	Optional

Response #

Returns a list of transfer entities ordered by created_at.

Deleting a Transfer #

DELETE /v1/accounts/{account_id}/transfers/{transfer_id}

Request #

N/A

Response #

204 - Success (No Content)

Error Codes #

404 - Transfer Not Found

Disclosures

Brokerage services are provided by Alpaca Securities, member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc.

Technology and services are offered by AlpacaDB, Inc.

Brokerage services are provided to customers who can write automated investment code and self-direct their own investments. Alpaca brokerage services are only provided to customers who agree to electronically sign agreements and agree to receive messages, confirmations, and statements electronically. Is Alpaca right for me?

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