Originate a wire drawdown request via the Increase API to pull funds from a counterparty into your account

domain: increase.com · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Contact Increase support to have wire drawdown request origination enabled on your account, as this feature requires explicit enablement and is not available by default
  2. Construct a POST request to the wire drawdown requests endpoint with the required fields: account_id (your Increase account that will receive the funds), amount (in cents), beneficiary_account_number, beneficiary_routing_number, beneficiary_name, beneficiary_address_line1, beneficiary_city, beneficiary_state, and a message_to_recipient describing the purpose of the drawdown
  3. Store the returned Wire Drawdown Request object id; poll the object or listen for the wire_drawdown_request.submitted webhook to confirm the Fedwire message was sent to the counterparty bank
  4. Handle the case where the counterparty bank chooses not to fulfill the drawdown — Increase will emit an inbound_wire_drawdown_request.created webhook when a third party requests a drawdown from your account, which is a separate flow requiring you to decide whether to send a wire in response
  5. Reconcile the incoming wire by matching it against the Wire Drawdown Request id once the counterparty fulfills it and funds land as an inbound wire transfer on your account
  6. Use idempotency keys on all POST requests to prevent duplicate drawdown requests in case of network retries

Known gotchas

Related routes

create an account and originate an ACH transfer with the Increase API
increase.com · 6 steps · unrated
Receive and process inbound wire drawdown requests via Column's bank API and decide whether to fulfill or deny each
column.com · 6 steps · unrated
Create accounts and initiate ACH transfers using the Increase API
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