Connect bank accounts with Cobre

Bank Account Connectivity, ACH Initiation & Centralized Treasury — Overview

Cobre Connect is a Cobre capability that allows businesses to connect and centralize multiple external bank accounts from different financial institutions into a single platform, and use those accounts to initiate ACH payments while the actual money movement is executed by the banks. In addition, Cobre Connect provides unified visibility into account and transaction data, enabling companies to manage payments, reconciliation, and treasury operations from one place—without directly custodying funds in those external accounts.

Cobre Connect turns fragmented banking relationships into a single operational layer.

1. What Cobre Enables with Connect

With Cobre Connect, businesses can:

Connect multiple external bank accounts across different banks

Centralize all connected accounts in one unified platform

Initiate ACH payments from those accounts by instructing banks to execute transfers

Orchestrate outbound payments without prefunding Cobre

Access account and transaction data from all connected banks

Manage payments and visibility alongside Cobre Balances

Cobre Connect acts as a single control plane for bank-funded payments.

2. Connect Accounts in the Cobre Model

A Connect Account represents a bank account held at a third-party financial institution that is linked to Cobre for payment initiation and visibility.

Conceptually:

Funds remain at the bank

Cobre does not custody these funds

ACH payments are initiated via Cobre and executed by the bank

Multiple bank accounts, even across different institutions, are managed side by side

This allows businesses to operate across banks as if they were part of one system.

3. Centralized Treasury Across Multiple Banks

One of the key strengths of Cobre Connect is bank account centralization.

What this enables:

Managing accounts from multiple banks in one place

Standardizing ACH payment initiation across institutions

Reducing dependency on individual bank portals

Improving treasury oversight and cash management

Operating multi-bank strategies without added complexity

Leveraging on other Cobre features to simplify payments management (i.e., Scheduler, Bulk Money Movements, Maker-Checker approvals)

For finance and treasury teams, this means one workflow instead of many.

Supported Banks

Colombia

Bancolombia

Banco de Bogotá

BBVA Colombia

Banco de Occidente

Banco Coopcentral

Mexico

Banorte

BBVA México

Santander

4. ACH Initiation — Bank-Executed Payments

Cobre Connect enables businesses to initiate ACH transfers from connected bank accounts.

How this works conceptually:

A payment request is created in Cobre

Cobre sends the instruction to the selected bank account

The bank performs the actual debit

Settlement follows standard ACH timelines

Cobre coordinates and tracks the payment, while the bank moves the money.

5. Relationship with Money Movements

ACH payments initiated via Connect:

Are managed as Money Movements in Cobre

Include status tracking, references, and audit information

Are visible alongside other money movements (custodial or not)

This allows businesses to maintain a single operational and reporting model, regardless of where funds originate.

6. Visibility & Data Aggregation

In addition to payment initiation, Cobre Connect provides:

Access to account details across all connected banks

Retrieval of bank-side transactions

Visibility into ACH debits and credits executed by each bank

This enables:

Cross-bank reconciliation

Monitoring of liquidity across institutions

Better financial decision-making

Cobre becomes the source of truth for bank activity.

7. Relationship with Cobre Balances

Cobre Connect complements Cobre Balances:

Cobre Balances

Custodial accounts within Cobre

Used for payins, payouts, and cross-border flows

Connect Accounts

Bank-held accounts across multiple institutions

Used to initiate ACH payments

Provide external transaction visibility

Businesses can mix both models depending on liquidity strategy and operational needs.

Connect Accounts reuse the same Cobre Balances account data structure and framework for a seamless integration within the Cobre Ecosystem

8. Typical Business Use Cases for Cobre Connect

Cobre Connect is especially valuable for:

Multi-bank treasury operations

ACH payouts funded directly from bank accounts

Enterprises avoiding prefunding custodial wallets

Centralized payout operations across subsidiaries

Reconciliation across multiple banks

It is ideal for organizations with complex banking setups.

9. Transactions, Reporting & Reconciliation

With Cobre Connect:

ACH payments are tracked with statuses and references

Bank-side transactions are accessible for reconciliation

Activity across all connected banks can be reviewed in one place

Cobre maintains a clear distinction between:

Bank-executed transactions, and

Cobre ledger transactions,

while presenting both through a unified operational lens.

10. Governance & Control

Cobre Connect supports enterprise-grade controls:

Role-based permissions across connected accounts

Audit trails for payment initiation and execution

Controlled access to sensitive banking data

This enables safe delegation of payment operations across teams.

11. Cobre Connect vs Custodial Money Movement

From a capability standpoint:

Cobre Connect

Centralizes multiple bank accounts

Initiates ACH payments

Banks execute the transfers

Cobre Balances

Custodial funds

Cobre executes the money movement

Cobre supports both approaches within the same platform.

12. Summary — What Cobre Delivers with Connect

With Cobre Connect, Cobre enables:

Centralization of multiple bank accounts across banks
ACH payment initiation without prefunding Cobre
Bank-executed money movements
Unified treasury and payment orchestration
Visibility into external bank transactions
Enterprise-grade governance and auditability

Cobre Connect transforms fragmented bank relationships into a single, centralized payment and treasury experience, extending Cobre’s platform beyond custodial balances into true multi-bank management.

Connect bank accounts with Cobre

Bank Account Connectivity, ACH Initiation & Centralized Treasury — Overview#

1. What Cobre Enables with Connect#

2. Connect Accounts in the Cobre Model#

3. Centralized Treasury Across Multiple Banks#

What this enables:#

Supported Banks#

4. ACH Initiation — Bank-Executed Payments#

How this works conceptually:#

5. Relationship with Money Movements#

6. Visibility & Data Aggregation#

7. Relationship with Cobre Balances#

8. Typical Business Use Cases for Cobre Connect#

9. Transactions, Reporting & Reconciliation#

10. Governance & Control#

11. Cobre Connect vs Custodial Money Movement#

12. Summary — What Cobre Delivers with Connect#

Bank Account Connectivity, ACH Initiation & Centralized Treasury — Overview

1. What Cobre Enables with Connect

2. Connect Accounts in the Cobre Model

3. Centralized Treasury Across Multiple Banks

What this enables:

Supported Banks

4. ACH Initiation — Bank-Executed Payments

How this works conceptually:

5. Relationship with Money Movements

6. Visibility & Data Aggregation

7. Relationship with Cobre Balances

8. Typical Business Use Cases for Cobre Connect

9. Transactions, Reporting & Reconciliation

10. Governance & Control

11. Cobre Connect vs Custodial Money Movement

12. Summary — What Cobre Delivers with Connect