Overview and Key Features

API Banking supports Wire payments initiated via APIs. SVB Clients must be onboarded and registered for 'Wires' to use our Wires API services. The Wires API can be used to:  

• Post Immediate Wire: USD Fedwire and USD Swift.
  • To ensure international wire transfer requests provide all necessary information per each country's guidelines, please review: https://www.svb.com/outgoing-international-wire
• Post Scheduled Wire: USD Fedwire and USD Swift.
• Retrieve Wire Payment Status
• Delete Scheduled Payment 
• Webhooks for event type: wires.status 

Fore more information, please visit SVB Learning Central.

Postman Collection with examples

Key Features 

• API allows for integration with variety of systems for automation of payment initiation 
• Ability to schedule USD Fedwire and USD Swift up to 365 days in advance 
• Automate reconciliation and error handling by subscribing to webhooks 

Example Use Case 

Customer has cash management and payments modules within their ERP system, and they have integrated with SVB’s Wires API. When they review their cash position, they find that they have excess operating cash that they can use to pay down debt. In real-time, the integration facilitates: 

1. Creation of a Fedwire between the operating account and their relationship bank with whom they have a revolving line of credit, to pay down their debt position 
2. Get Status of the transfer to confirm it was successful 
3. Optional: Subscribe to Webhooks 
4. Their ERP module is instantly updated to reflect the new positions 

cURL example:

curl https://api.svb.com/v1/payment/wires \
  -X POST \
  -H 'authorization': 'Bearer xxxxxxxxxxx'
  -H 'x-jws-signature: xxxxxxxxxxx' \
  -H 'x-idempotency-key: 123456' \
  -H 'content-type: application/json' \
  -d '{
  "debit_account": "3849694687",
  "amount": {
    "currency_code": "USD",
    "value": "100.35"
  },
  "wire_type": "WIRE-US",
  "currency": "USD",
  "processing_date": "2019-08-24",
  "beneficiary_details": {
    "beneficiary_account": "12345467",
    "beneficiary_name": {
      "prefix": "MIST",
      "given_name": "TestBeneficiary",
      "middle_name": "middlename",
      "last_name": "lastname",
      "suffix": "Jr"
    },
    "beneficiary_address": {
      "address_type": "HOME",
      "mailing_indicator": true,
      "registration_address_indicator": true,
      "care_of": "CO",
      "address_line": [
        "1 Main st",
        "CA",
        "11111"
      ],
      "street_name": "Main Street",
      "building_number": "1",
      "building_name": "Abc Corp",
      "post_box": "11111",
      "side_in_building": "test",
      "floor": "4",
      "suite_identification": "test",
      "post_code": "11111",
      "district_name": "test district",
      "village": "Test",
      "town_name": "Santa Clara",
      "state": "CA",
      "country": "US"
    }
  },
  "beneficiary_bank": {
    "bank_name": "Chase",
    "routing_number": "0044000000",
    "local_routing_code": "021000210",
    "bank_address": {
      "address_type": "BIZZ",
      "mailing_indicator": true,
      "registration_address_indicator": true,
      "care_of": "CO",
      "address_line": [
        "1 Main st",
        "OH",
        "22222"
      ],
      "street_name": "Main Street",
      "building_number": "1",
      "building_name": "Abc Corp",
      "post_box": "22222",
      "side_in_building": "test",
      "floor": "4",
      "suite_identification": "test",
      "post_code": "22222",
      "district_name": "test district",
      "village": "Test",
      "town_name": "Columbus",
      "state": "OH",
      "country": "US"
    }
  },
  "payment_details": {
    "reason_for_payment": "payment reason",
    "bank_instruction": "instructions to the bank",
    "purpose_of_payment_code": "purpose of fx wire"
  },
  "payment_notifications": {
    "recipient_email": "notifications@svb.com",
    "recipient_note": "recipient note"
  },
  "intermediary_bank": {
    "routing_number": "0440000",
    "bank_name": "BOFA",
    "bank_address": {
      "address_type": "BIZZ",
      "mailing_indicator": true,
      "registration_address_indicator": true,
      "care_of": "CO",
      "address_line": [
        "1 Main st",
        "CA",
        "88109"
      ],
      "street_name": "Main Street",
      "building_number": "1",
      "building_name": "Abc Corp",
      "post_box": "88109",
      "side_in_building": "test",
      "floor": "4",
      "suite_identification": "test",
      "post_code": "88109",
      "district_name": "test district",
      "village": "Test",
      "town_name": "Santa Clara",
      "state": "CA",
      "country": "US"
    }
  }
}'

Dependencies and restrictions 

• Can originate Wires payments from US DDA accounts 
• Does not work with FX Wires, FCA, MCA, UK accounts 
• Domestic Wires payment must be submitted within the cut-off time & on a business day for payments to be processed 
• Schedule Wires payment can be submitted upto to 365 days in advance but must be a valid business day 
• Direct channel integration, does not require SVB Go company ID/user ID 

USD Domestic & SWIFT Wire 

We support USD Fedwire & SWIFT Wire Payment to be submitted via our Wires API. Few key points to note: 

• Wires Type: Provide "WIRE-US" for Domestic Fedwire and "WIRE-INT" for USD SWIFT wires Payment. 
• Debit Account: Must be onboarded for Wires scope at the time of onboarding to API Banking. 
• Amount: Must be within the allowed Daily Limit & Transaction Limit for the Debit Account.
• Currency: Must be USD.  
• Processing Date: Payment must be the current date (PST) and a valid business day for immediate payment. For Scheduled Payment the Processing Date must be a future date, upto 365 days, & a business day.  
• Beneficiary Bank Routing Number: For USD Fedwire, a valid 9-digit ABA number. USD SWIFT Wire a valid 8 or 11-digit SWIFT (BIC) Code. 
• USD SWIFT: Ensure to provide all details as required by the country of destination. 

Wires Cut-off Times 

Wires API payments must be posted within the stated cut-off times. 

Wires Status Lifecycle 

Listed below is the possible status for Wires Payment

Wires Webhooks

We support clients to subscribe to Webhooks for the status of Wires payments. 

• Clients will be notified with the following information if they subscribe to the event types 'wires.status' 
  • Status
  • Client ID
  • Wire Type
  • Payment ID
  • Processing Date
  • Amount Value
  • Amount Currency
  • Debit Account
  • Credit Account
  • Posted Date