Funding account details

Pre-populate customer bank account information to streamline the drawdown process.

What are funding account details?

The funding account details endpoint lets you share your customer's bank account information with iwoca during the application process. This pre-populates the account details where funds will be sent, saving the customer time when they're ready to draw down.

The bank details you share are automatically added to the customer's account. The customer can review those details before drawing down.

Why share funding account details?

Faster drawdown Customers can access their funds more quickly without needing to manually enter their bank details.

Seamless integration If you offer current accounts, you can have loan funds paid directly into your customer's account on your platform.

Reduced errors Pre-populated information reduces the risk of customers entering incorrect account details.

How it works

1. 1
   Use the bank details you already hold

   Use the bank account details you already hold for the customer, or collect them during your application flow if you don't.

2. 2
   Submit to iwoca

   Submit the details using the POST /funding_account_details/ endpoint after creating an application.

3. 3
   Customer reviews

   The customer reviews the pre-populated details in their iwoca account.

4. 4
   Drawdown

   The customer proceeds with drawdown using the verified account information.

Customer control

The customer always has final control:

• They can review the pre-populated information before drawing down.
• They can edit or change the account details if needed.
• They must confirm the details before funds are transferred.

Next steps