Wire rail
Push money using wires
You can use the Wire rail in Arix to push money into the account of a borrower, vendor or creditor.
Wire transfers go through Fedwire®, operated by the US Federal Reserve.
Cross River releases wires to the Fed, multiple times a business day during business hours. Subsequent rails of a loan, will not be sent until the wire is completed or rejected.
{
"Rails": [
{
"RailType": "Wire",
"Priority": 1,
"Amount": 80,
"WireFields": {
"SubjectName": "King Kong",
"Description": "Smash",
"AdditionalDescription": "Me want to buy present for Anne",
"SubjectRouting": "021000021",
"SubjectAccount": "20020020022",
"SubjectAddress": {
"Street": "350 Fifth Avenue",
"AdditionalLine": "Empire",
"BuildingNumber": "6",
"City": "New York City",
"State": "NY",
"PostalCode": "10118",
"Country": "US"
}
}
}
]
}Request parameters
Attribute | Description |
|---|---|
SubjectName
string | Beneficiary name. Maximum 35 characters. |
SubjectRouting
string | Beneficiary bank's routing number. Required |
SubjectAccount
string | Beneficiary account number. Required |
Description
string | For internal CR use. Reason for the wire transfer. The data is not included with the outgoing FedWire message. Required |
AdditionalDescription
string | Information from the originator to the beneficiary. |
SubjectAddress
Address | The Address of the Beneficiary. When sent like the example in the above JSON, the address will look like this: King Kong 350 Fifth Avenue 6 NY New York City 10118 Empire |