Read-only accounts

As an API feature, read-only accounts can be created. This feature creates a new account that can be used only to receive funds.

This can act as an escrow account or other business cases, keeping the logic to unblock the account in an external system. This can work based on some logic or events that you, as a customer, want to set up in your systems that, as a consequence of some conditions, release the account for the end client.

Read-only accounts won't permit the creation of cards or the start of a new payment. For accounts created in EML, Direct Debits will also be blocked.

From an end user's perspective, read-only accounts will be listed and accessible only to read transactions, and will be specifically shown as 'Read-only':

Documentation of the endpoint can be found here:

• Create account: create a read-only account by defining the value “readOnly” as “true”
• Update Account Read Only: this endpoint permits the change of any account, from read-only to a fully available account or vice versa