Create A New ACH Relationship

Establish and bind an ACH relationship to a trading account.

Overview

After a trader has created a new trading account, they should proceed to deposit funds into it. AutoShares provides native functionality for managing deposits and withdrawals by means of ACH relationships. Essentially, a trader must establish an ACH relationship with their banking account and, once it's done, use it to deposit and withdraw funds to/from their banking account through AutoShares's web terminal and iOS apps.

After an ACH relationship is established, it'll take some time for the clearing firm to approve it. If the data provided via this API request matches their data (name, etc.), the relationships will be established immediately. However, if there is a mismatch in the name, It will need to be review by the Correspondent via the Portal. From the portal the Correspondent can reject the request or approve it, depending on the mismatch. A bank statement my be required for validation.

Note that some clearing firms put limitations on the number of ACH relationships that can be established for one trading account. For AutoShares, you can establish up to two ACH relationships per trading account.

Establishment of ACH relationships is available only for real trading accounts. If you attempt to establish an ACH relationship for a paper trading account, the request will fall through.

Create A New ACH Relationship

POST https://apidev.autoshares.dev/cashiering/AddACHProfileByPlaidToken

Path Parameters

Name	Type	Description
acct_no*	String	This is the account number tied to the login profile
acct_type*	String	This is account type that distinguishes whether it is cash, margin etc., (valid values C , M ..etc,)
cashiering_profile	String	ex: "CHECKING-USD"
accountName	String	ex: "John Doe"
plaidToken	String	Assumes you already established relation with plaid and obtained a token
thirdpartyverification	boolen	true or false
thirdpartyverificationReviewer	String	name of reviewer

Headers

Name	Type	Description
Corr, Office	String	These are sent via gateway

Response

{ "requestID": "string", "responseStatus": "OK", "responseMessage": "string" }

Request Body

The body of this request represents the information about the to-be-established ACH relationship. It must be sent in the JSON format with the parameters described in the following example:

{ "corr": "VLNT", "office": "001", "acct_no": "ABC123", "acct_type": "C", "cashiering_Profile": "CHECKING-USD", "accountName": "John Smith", "plaidToken": "processor-sandbox-f0758e12-9ce7-4bf9-b46f-6a9adfbf4df4", "thirdPartyVerification": true, "thirdPartyVerificationReviewer": "string" }