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How deposits work

From the Account Home screen, your customer can access their Virtual Account details — including the account and routing information needed to receive funds. Your customer provides these details to the sending party, who submits the transfer through their own bank via ACH or wire. Once Meridian receives the funds, it credits the deposit to the customer’s Virtual Account and sends a webhook notification to your system.

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Deposit methods

There are two ways to receive funds into a Virtual Account:

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Transaction lifecycle

Deposits move through the following statuses:

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Auto-sweep feature

When funds arrive in a Virtual Account configured for “Auto-sweep,” Meridian immediately moves them to the linked account on your platform. Meridian sets your program defaults during onboarding, and you can manage individual account configurations through Meridian’s REST API.