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.Deposit methods
There are two ways to receive funds into a Virtual Account:| Method | Description |
|---|---|
| ACH | Standard bank transfer via the ACH network |
| WIRE | Domestic wire transfer |
Transaction lifecycle
Deposits move through the following statuses:| Status | Description |
|---|---|
PENDING | Deposit has been initiated and is awaiting settlement |
SUCCESS | Funds have been successfully credited to the Virtual Account |
FAILED | Deposit could not be completed — see statusReason for details |