Get Financial Account

Contains a list of messages providing relevant information or feedback related to the query or operation

A Financial Account is a logical wallet or ledger unit that holds and tracks money for a user or entity.
It represents a balance in a specific currency and serves as the foundation for all money movement within Monime.

Each account is uniquely identifiable, has a human-friendly display name (e.g., “Main Wallet”), and is always tied to a single currency such as SLE or USD.

In APIs, Financial Accounts act as the source or destination of funds for transfers, payouts, or collections.

Use Cases

• Embedded Finance
  With Embedded Finance on Monime, fintechs can create dynamic wallet accounts hosted directly on Monime’s infrastructure.
  Incoming collections from cards, Mobile Money, or banks are deposited into these accounts, which can then be used for spend, cash-out, or peer-to-peer (P2P) transfers by moving funds between accounts. Example : Payments received through Checkout Sessions are credited to a user’s wallet account and can later be transferred to another user’s wallet, enabling seamless P2P experiences.

• Settlement Account
  Businesses separate collected funds from the account used to settle merchants or subsidiaries.
  Example: A PSP routes daily Mobile Money collections into a Settlement Account before initiating payouts.

• Disbursement Float
  A pre-funded account maintained to ensure outgoing transfers and payouts can always be covered.
  Example: Your platform maintains a Disbursement Float account; when it runs low, you top it up via an Internal Transfer.

• Dedicated Currency Account
  Multi-currency platforms maintain one account per supported currency.
  Example: A customer has both a USD Account and an SLE Account, ensuring currency isolation and easier reconciliation.