Fedwire
Fedwire limitations and routing behavior
failed status and funds will be returned to your Cobre Balance.Supported counterparties
| Destination Type | Counterparty Type | Rails |
|---|---|---|
| US Business Bank Account | business | Fedwire |
Authorization Workflow (optional)
pending_approval status until it is either approved or rejected. The approval process can be completed either through the Cobre Portal or programmatically via API.Payout lifecycle
Create a counterparty of type
business using the beneficiary's US bank account information, including their ABA routing number and account number.This counterparty represents the destination of the Payout transaction.
Create a Money Movement using:
account_id from which the funds will be debited, used as the source_id.counterparty_id from the previous step as the destination_id.description.external_id where you can use to send a reference from your system.10000).checker_approval as true if you want to use our authorization flow.Fedwire Cutoff Times
Beneficiary Information Requirements
Once created, the Money Movement starts in the
initiated status.processing. At this point, the transaction is submitted to the Fedwire Funds Service.failed status.checker_approval = true, it first moves to the pending_approval status and will only transition to processing or canceled once the approval decision is made.Once the Money Movement transitions to the
processing status, the funds are debited from the associated Cobre Balance.completed, the beneficiary has successfully received the funds.rejected, the funds are credited back to your Cobre Balance.Money Movement status changes are communicated via Webhooks.
Actions performed on a Money Movement (Payout)
🔑 Create
🔍 Retrieval
Description: Money Movement Creation.
What to expect after the action: Money Movement is created in Cobre.
📘 Learn more:
What to expect after the action: Money Movement is created in Cobre.
📘 Learn more:
Money Movement Idempotency
Idempotency keys are valid for 24 hours.
How to Get Started
Before using this API
You need a Cobre Balance in the United States
To send funds using Fedwire, you must have an active Cobre Balance account in the United States with sufficient funds.
Create the beneficiary Counterparty
Before creating a Payout Money Movement, you must create a Counterparty with the beneficiary's US bank account information, including their ABA routing number and account number.
Define the Payout configuration
Decide the destination type, amount, and any required metadata needed to process the Payout. Confirm the transaction will be submitted within Fedwire operating hours.
Implement Webhooks to track payment status
To stay informed about the status of Payout transactions, we strongly recommend implementing Webhooks. Webhooks notify your system when a payment is initiated, processed, completed, or failed. Also subscribe to the required events to receive notifications about transaction debits and credits.See Notifications & Subscriptions for more details.
What to expect after using this API
Initiate the Payout
Once the Money Movement creation request is sent, it will be created with an
Make sure your system is prepared to receive status updates as the Money Movement progresses through its lifecycle.
initiated status.Make sure your system is prepared to receive status updates as the Money Movement progresses through its lifecycle.
Track the transaction status
Monitor the Payout lifecycle using Webhooks or retrieval endpoints.
Funds are delivered to the beneficiary
When the Payout is successful, funds are credited to the beneficiary's US bank account and the Money Movement status is updated accordingly.
Modified at 2026-05-29 20:46:32