Nium Fund & Collect Playbook
Our guide to receiving money using the Nium network.
Use case
- Not selected
-
The currency you want to fund your account in or the currency you want to accept from third
parties
- Not selected
-
The country in which receiver is located
- Not selected
-
The country from which you would like to fund your account or where your sender is
located(if you are accepting funds from third parties)
Rails used
Whether you would like to send your payment via local clearing system such as ACH, Fedwire,
CHATS or you would like to route your payment using Swift network.
Whether you would like to send your payment via local clearing system such as ACH, Fedwire,
CHATS or you would like to route your payment using Swift network.
Platform
The channel/platform on which you are onboarded Nium One or Masspay.
The channel/platform on which you are onboarded Nium One or Masspay.
Unsure about something? Visit the User Guide.
Unsure about something? Visit the User Guide.
$
ACH
United States Dollar
T0
Expected time frame within which you are expected to receive the funds
Your location
United States
Sender location
United States
Cutoff and delivery notes
The amount will be credited to the beneficiary on the same day if funds are received before 6 PM EST.
Transaction types
B2B
Transaction limits
USD 25,000
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
Customer
Notes
- Partner Bank has different requirements for US and non-US customers (international).
- Same day ACH has 1 M USD limit per transaction. Transactions above 1 M USD are reflected on T+1 basis.
$
Fedwire
(Bank Account)
United States Dollar
0-2 hours
Expected time frame within which you are expected to receive the funds
Your location
United States
Sender location
United States
Cutoff and delivery notes
The amount will be credited to the beneficiary on the same day if funds are received before 6:00 PM EST.
Transaction types
B2B
Transaction limits
USD 200,000
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
Customer
Notes
- Partner Bank has different requirements for US and non-US customers (international).
- Same day ACH has 1 M USD limit per transaction. Transactions above 1 M USD are reflected on T+1 basis.
$
EFT
(Bank Account)
United States Dollar
T0
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Canada
Cutoff and delivery notes
The amount will be credited to the beneficiary on the same day if funds are received before 18:00 ET.
Transaction types
B2B
Transaction limits
No limit
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
NIUM Canada Corporation
Notes
null
$
SWIFT
United States Dollar
All
T0
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
All
Cutoff and delivery notes
Credit will be applied the same working day if funds are received before 18:00 CET.
Transaction types
B2B
Transaction limits
No limit
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Asynchronous - virtual account will be allocated within 15 minutes.
Virtual Account in the name of
Stichting Custodian Nium Europe-CMA
Notes
null
$
SWIFT
United States Dollar
All
T1
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
All
Cutoff and delivery notes
Credit will be applied the next working day if funds are received before 6:30 UTC.
Transaction types
B2B
Transaction limits
No limit
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
NIUM Canada Corporation
Notes
null