Accounts concepts

The models behind Swan accounts: from onboarding and account holders through the account itself, its memberships, IBANs, funding, billing, supporting documents, capital deposits, and closure.

The account model

Onboarding creates a verified account holder, who owns the Swan account. Everything else hangs off that account: who can use it, how money moves, how it scales, and how it closes.

OnboardingCreates the account holder.

StatusesNotifications

Capital depositsFrance: deposit share capital first.

ProcessShareholdersStatuses

Account holdersThe verified owner.

VerificationVerification statusesFirst transferNotificationsVerification renewal

AccountThe euro account.

Account countryAccount languageAccount type and levelBalancesTransactionsAccount statementsBank details documentAccount statuses

Multiple accounts1 holder, N accounts.

Requirements and activationShared details and management

Memberships1 account, N members.

Inviting membersPermissionsMembership languageStatusesAdministrator changeNotifications

IBANs1 main + N virtual.

Main IBANsLocal IBAN detailsVirtual IBANs

BillingFees and invoices.

FeesFee billing rulesUsage-based metricsInvoices

Supporting documentsVerify holders and transactions.

StatusesPurposes and types

FundingMoney in.

Funding sourcesPayment mandatesAccount verificationStatusesInteraction between statusesRolling reserveSettlement and cancelation

ClosureAccount end-of-life.

Closure processesReason codesEmail communications