To reserve an account on Monnify, you’ll need to call the reserve account endpoint providing the information in the table below (remember to also add the authentication header)
| Info |
|---|
This endpoint is protected with OAuth 2.0 Bearer token |
Endpoint URL: https://sandbox.monnify.com{{baseurl}}/api/v1/bank-transfer/reserved-accounts/limit
HTTP Method: POST
| Info |
|---|
This endpoint is protected by OAuth 2.0 Bearer TokenThe {{base url}} for test is |
Once an account number has been reserved for a customer, the customer can make payment by initiating a transfer to that account number at any time. Once the transfer hits the partner bank, we will notify you with the transfer details along with the accountReference you specified when reserving the account.
Sample Request
| Code Block | ||
|---|---|---|
| ||
Request Headers
Content-Type:"application/json"
Authorization:"Bearer eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzdWIiOiIxMjM0NTY3ODkwIiwibmFtZSI6IkpvaG4gRG9lIiwiaWF0IjoxNTE2MjM5MDIyfQ.SflKxwRJSMeKKF2QT4fwpMeJf36POk6yJV_adQssw5c"
Request Body
{
"contractCode":"915483727511",
"accountName":"Kan Yo' Reserved with Limit ",
"currencyCode":"NGN",
"accountReference": "ref-007",
"customerEmail": "KanYo@monnify.com",
"customerName": "Kan Yo",
"limitProfileCode": "2XKTQ3LE9NH2",
"incomeSplitConfig": [
{
"subAccountCode": "MFY_SUB_319452883228",
"feePercentage": 10.5,
"splitPercentage": 20,
"feeBearer": true
}
]
} |
| Info |
|---|
Limits on Reserved AccountsThe limit profile code is mandatory for accounts with a limit associated with the limit profile |
Sample Response
| Code Block | ||
|---|---|---|
| ||
{
"requestSuccessful": true,
"responseMessage": "success",
"responseCode": "0",
"responseBody": {
"contractCode": "915483727511",
"accountReference": "ref-007",
"accountName": "Kan Yo' Reserved with Limit ",
"currencyCode": "NGN",
"customerEmail": "KanYo@monnify.com",
"customerName": "Kan Yo",
"accountNumber": "9907335053",
"bankName": "Providus Bank",
"bankCode": "101",
"reservationReference": "QSD79W83J766XMFYM58L",
"status": "ACTIVE",
"createdOn": "2019-10-29 13:59:37.983",
"incomeSplitConfig": [
{
"subAccountCode": "MFY_SUB_319452883228",
"feePercentage": 10.5,
"feeBearer": true,
"splitPercentage": 20
}
],
"limitProfileConfig":
{
"limitProfileCode": "2XKTQ3LE9NH2",
"singleTransactionValue": 70000.00,
"dailyTransactionVolume": 4000,
"dailyTransactionValue": 100000000.00
}
}
}
}
} |
...
Field Reference
(M) indicates fields that are mandatory in the request body. (m) Indicates fields that are mandatory only if the parent object is not empty.
Field | Description |
|---|---|
accountReference (M) | Your unique reference used to identify this reserved account |
accountName (M) | The name you want to be attached to the reserved account. This will be displayed during name inquiry |
limitProfileCode(M) | The unique identifier that references the limit profile to associate with the reserved accounts. |
currencyCode (M) | Currency for transactions to this reserved account. Should be “NGN” |
contractCode (M) | Contract Code (See your Monnify dashboard) |
customerEmail (M) | The email address of the customer who the account is being reserved for. This is a unique identifier for each customer. |
customerName | Full name of the customer who the account is being reserved for |
customerBvn | BVN of the customer the account is being reserved for. Please note that if BVN is not supplied there will be low limits on the reserved account. |
incomeSplitConfig | The object containing specifications on how payments to this reserve account should be split. |
subAccountCode (m) | The unique reference for the sub-account that should receive the split. |
feeBearer | Boolean to determine if the sub-account should bear transaction fees or not |
feePercentage | The percentage of the transaction fee to be borne by the sub-account |
splitPercentage | The percentage of the amount paid to be split into the sub-account. |
bankName | Name of the bank where the virtual account was created |
bankCode | Bank code of the bank where the virtual account was created |
accountNumber | virtual account number generated for the accountReference (Reserved account number) |
status | Status of the reserved account number ("ACTIVE" means the account can be used) |
createdOn | Date reserved account was created |
...