Recurring Repayments

Recurring Repayments allows you to create and execute repayments according to a predefined repayment schedule.

As long as the Recurring Repayment is in Active status, repayments will keep being created and executed according the the standard flow with regards to the repayment type.

When the account containing recurrent repayments schedule(s) is frozen, the schedule will not be deleted, but the repayments will be rejected upon creation, until the account is unfrozen.

If that account gets closed the recurring repayment schedule(s) on it will become Disabled.

If the creation of a repayment according to the Recurring Repayments schedule fails, a Recurring Repayment Failed webhook event will be fired.

Recurring Repayment Schedule

The schedule will is set according to the repayment due date of the credit account, with the start date set to the current date.

The recurring repayment will run until it is manually disabled.

On the next scheduled repayment date if the remaining amount due is 0, a new repayment will not be created and a Recurring Repayment Skipped webhook event will be fired.

note

The execution day of the repayment may altered to accommodate for the bank's working days schedule.

note

Times in Recurring Repayments are given in EST.

Recurring Repayment Statuses

Recurring Repayments have a status attribute, which represents their current status.

Status	Description
Active	Upon creation, the status will be set to `Active`.
Disabled	When recurring repayment has been disabled, the status will be set to `Disabled`.

Create Recurring ACH Repayment

Originates a Recurring ACH Repayment. The counterparty for the payment should be created separately through the Create Counterparty API. The Recurring Repayment Created webhook event will be fired.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments`
Required Scope	`repayments-write`
Data Type	`recurringAchRepayment`
Timeout (Seconds)	`5`

Attributes

Name	Type	Description
description	string	Repayment description (maximum of 50 characters). This will show up on the statement of the counterparty.
addenda	string	Optional, additional repayment description (maximum of 80 characters), not all institutions present that in payment description.
sameDay	boolean	Optional, default is `false`. See Same Day ACH.
secCode	string	Optional. See Use a custom SEC Code.
idempotencyKey	string	Optional. See Idempotency.
tags	object	Optional. See Tags. Tags that will be copied to any transaction that this recurring repayment creates (see Tag Inheritance).

Relationships

Name	Type	Description
account	JSON:API Relationship	The Deposit Account the repayment will be deposited into.
creditAccount	JSON:API Relationship	The Credit Account that the repayment is made against.
counterparty	JSON:API Relationship	The ACH Counterparty the repayment will come from.

Example Request:
curl -X POST 'https://api.s.unit.sh/recurring-repayments'
-H 'Content-Type: application/vnd.api+json'
-H 'Authorization: Bearer ${TOKEN}'
--data-raw '{
  "data": {
    "type": "recurringAchRepayment",
    "attributes": {
      "description": "ACH Repayments",
      "idempotencyKey": "adjaw1sqvies-7aepu852-h4d6sxh-8jkyhfa"
    },
    "relationships": {
      "account": {
        "data": {
          "type": "account",
          "id": "10016"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      }
    }
  }
}'

Response

Response is a JSON:API document.

201 Created

Field	Type	Description
data	RecurringAchRepayment	The target resource after the operation was completed.

Example Response:
{
  "data": {
    "type": "recurringAchRepayment",
    "id": "2",
    "attributes": {
      "createdAt": "2024-02-13T11:06:23.680Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "ACH Repayments",
      "sameDay": false,
      "numberOfRepayments": 0,
      "status": "Active"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "2"
        }
      },
      "account": {
        "data": {
          "type": "account",
          "id": "10016"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10000"
        }
      }
    }
  }
}

Create Recurring Book Repayment

Originates a Recurring Book Repayment. The Recurring Repayment Created webhook event will be fired.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments`
Required Scope	`repayments-write`
Data Type	`recurringBookRepayment`
Timeout (Seconds)	`5`

Attributes

Name	Type	Description
description	string	Repayment description (maximum of 80 characters), this will show up on the statement of the counterparty.
transactionSummaryOverride	string	Optional. If this field is populated, its contents will be returned as the bookTransaction’s summary field (maximum of 100 characters).
idempotencyKey	string	Optional. See Idempotency.
tags	object	Optional. See Tags.

Relationships

Name	Type	Description
account	JSON:API Relationship	The Deposit Account the repayment will be deposited into.
creditAccount	JSON:API Relationship	The Credit Account that the repayment is made against.
counterpartyAccount	JSON:API Relationship	The Deposit Account the repayment funds are taken from.

Example Request:
curl -X POST 'https://api.s.unit.sh/recurring-repayments'
-H 'Content-Type: application/vnd.api+json'
-H 'Authorization: Bearer ${TOKEN}'
--data-raw '{
  "data": {
    "type": "recurringBookRepayment",
    "attributes": {
      "description": "Book Repayments",
      "transactionSummaryOverride": "Paid Piper Repayment",
      "idempotencyKey": "adjaw1sqvies-7aep52-h4d6sxh-8hfa"
    },
    "relationships": {
      "account": {
        "data": {
          "type": "account",
          "id": "10016"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterpartyAccount": {
        "data": {
          "type": "account",
          "id": "10012"
        }
      }
    }
  }
}'

Response

Response is a JSON:API document.

201 Created

Field	Type	Description
data	RecurringBookRepayment	The target resource after the operation was completed.

Example Response:
{
  "data": {
    "type": "recurringBookRepayment",
    "id": "5",
    "attributes": {
      "createdAt": "2024-02-13T12:08:20.239Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "Book Repayments",
      "transactionSummaryOverride": "Paid Piper Repayment",
      "numberOfRepayments": 0,
      "status": "Active"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "2"
        }
      },
      "account": {
        "data": {
          "type": "account",
          "id": "10016"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterpartyAccount": {
        "data": {
          "type": "account",
          "id": "10012"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10000"
        }
      }
    }
  }
}

Capital Partner Repayments

When using the Capital Partner as part of your lending program, end-customer repayments should be made to the capital partner. You do not need to provide the details of the receiving account when creating these repayments, as the capital partner's account is a pre-configured account in the org-bank-agreement.

Create Recurring Capital Partner ACH Repayment

Originates a Recurring Capital Partner ACH Repayment. The counterparty should be created separately through the Create Counterparty API. The Recurring Repayment Created webhook event will be fired.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments`
Required Scope	`repayments-write`
Data Type	`recurringAchRepayment`
Timeout (Seconds)	`5`

Attributes

Name	Type	Description
description	string	Repayment description (maximum of 50 characters), this will show up on the statement of the counterparty.
addenda	string	Optional, additional repayment description (maximum of 80 characters), not all institutions present that in the description.
sameDay	boolean	Optional, default is `false`. See Same Day ACH.
secCode	string	Optional. See Use a custom SEC Code.
idempotencyKey	string	Optional. See Idempotency.
tags	object	Optional. See Tags. Tags that will be copied to any transaction that this recurring repayment creates (see Tag Inheritance).

Relationships

Name	Type	Description
creditAccount	JSON:API Relationship	The Credit Account that the repayment is made against.
counterparty	JSON:API Relationship	The ACH Counterparty the repayment will come from.

Example Request:
curl -X POST 'https://api.s.unit.sh/recurring-repayments'
-H 'Content-Type: application/vnd.api+json'
-H 'Authorization: Bearer ${TOKEN}'
--data-raw '{
  "data": {
    "type": "recurringCapitalPartnerAchRepayment",
    "attributes": {
      "description": "ACH Repayments",
      "idempotencyKey": "adjaw1sqvies-7aepu852-h4d6sxh-8jkyhfa"
    },
    "relationships": {
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10010"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      }
    }
  }
}'

Response

Response is a JSON:API document.

201 Created

Field	Type	Description
data	RecurringCapitalPartnerAchRepayment	The target resource after the operation was completed.

Example Response:
{
  "data": {
    "type": "recurringCapitalPartnerAchRepayment",
    "id": "1",
    "attributes": {
      "createdAt": "2024-02-13T10:54:24.373Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "Capital partner ACH Repayments",
      "sameDay": false,
      "numberOfRepayments": 0,
      "status": "Active"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "1"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10010"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10001"
        }
      }
    }
  }
}

Create Recurring Capital Partner Book Repayment

Originates a Recurring Capital Partner Book Repayment. The Recurring Repayment Created webhook event will be fired.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments`
Required Scope	`repayments-write`
Data Type	`recurringBookRepayment`
Timeout (Seconds)	`5`

Attributes

Name	Type	Description
description	string	Repayment description (maximum of 50 characters), this will show up on the statement of the counterparty.
transactionSummaryOverride	string	Optional. If this field is populated, its contents will be returned as the bookTransaction’s summary field (maximum of 100 characters).
idempotencyKey	string	Optional. See Idempotency.
tags	object	Optional. See Tags.

Relationships

Name	Type	Description
creditAccount	JSON:API Relationship	The Credit Account that the repayment is made against.
counterpartyAccount	JSON:API Relationship	The Deposit Account the repayment funds are taken from.

Example Request:
curl -X POST 'https://api.s.unit.sh/recurring-repayments'
-H 'Content-Type: application/vnd.api+json'
-H 'Authorization: Bearer ${TOKEN}'
--data-raw '{
  "data": {
    "type": "recurringCapitalPartnerBookRepayment",
    "attributes": {
      "description": "Capital Partner Book Repayments",
      "transactionSummaryOverride": "Paid Piper Repayment",
      "idempotencyKey": "adjaw1sqvies-7aep52-h4d6sxh-8hfa"
    },
    "relationships": {
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterpartyAccount": {
        "data": {
          "type": "account",
          "id": "10012"
        }
      }
    }
  }
}'

Response

Response is a JSON:API document.

201 Created

Field	Type	Description
data	RecurringCapitalPartnerBookRepayment	The target resource after the operation was completed.

Example Response:
{
  "data": {
    "type": "recurringCapitalPartnerBookRepayment",
    "id": "5",
    "attributes": {
      "createdAt": "2024-02-13T12:08:20.239Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "Book Repayments",
      "transactionSummaryOverride": "Paid Piper Repayment",
      "numberOfRepayments": 0,
      "status": "Active"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "2"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterpartyAccount": {
        "data": {
          "type": "account",
          "id": "10012"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10000"
        }
      }
    }
  }
}

Disable Recurring Repayment

Disable a Recurring Repayment by id. When a Recurring Repayment is disabled, the Recurring Repayment Status Changed webhook event is fired and future repayments will no longer be created according to the defined schedule.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments/{id}/disable`
Required Scope	`repayments`
Timeout (Seconds)	`5`

Response

Response is a JSON:API document.

200 OK

Field	Type	Description
data	One of the following types (Recurring ACH Repayment or Recurring Book Repayment or Recurring Capital Partner ACH Repayment or Recurring Capital Partner Book Repayment	Recurring Repayment resource.

curl -X POST 'https://api.s.unit.sh/recurring-repayments/12/disable' \
-H "Authorization: Bearer ${TOKEN}"

Response

Response is a JSON:API document.

Example Response:
{
  "data": {
    "type": "recurringAchRepayment",
    "id": "2",
    "attributes": {
      "createdAt": "2024-02-13T11:06:23.680Z",
      "updatedAt": "2024-02-14T11:13:33.482Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "ACH Repayments",
      "sameDay": false,
      "numberOfRepayments": 0,
      "status": "Disabled"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "2"
        }
      },
      "account": {
        "data": {
          "type": "account",
          "id": "10016"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10005"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10000"
        }
      }
    }
  }
}

Enable Recurring Repayment

Enable a recurring repayment by id. When a Recurring Repayment is enabled, its status is set to Active according to the start date and end date that were defined in the schedule. See Recurring Repayment Statuses. When enabled, the Recurring Repayment Status Changed webhook event is fired.

Verb	`POST`
Url	`https://api.s.unit.sh/recurring-repayments/{id}/enable`
Required Scope	`repayments`
Timeout (Seconds)	`5`

Response

Response is a JSON:API document.

200 OK

Field	Type	Description
data	One of the following types (Recurring ACH Repayment or Recurring Book Repayment or Recurring Capital Partner ACH Repayment or Recurring Capital Partner Book Repayment	Recurring Repayment resource.

curl -X POST 'https://api.s.unit.sh/recurring-repayments/12/enable' \
-H "Authorization: Bearer ${TOKEN}"

Response

Response is a JSON:API document.

Example Response:
{
  "data": {
    "type": "recurringCapitalPartnerAchRepayment",
    "id": "1",
    "attributes": {
      "createdAt": "2024-02-13T10:54:24.373Z",
      "schedule": {
        "startTime": "2024-02-13",
        "interval": "Monthly",
        "nextScheduledAction": "2024-03-29",
        "dayOfMonth": 29
      },
      "description": "Capital partner ACH Repayments",
      "sameDay": false,
      "numberOfRepayments": 0,
      "status": "Active"
    },
    "relationships": {
      "org": {
        "data": {
          "type": "org",
          "id": "1"
        }
      },
      "creditAccount": {
        "data": {
          "type": "creditAccount",
          "id": "10010"
        }
      },
      "counterparty": {
        "data": {
          "type": "counterparty",
          "id": "1"
        }
      },
      "customer": {
        "data": {
          "type": "customer",
          "id": "10001"
        }
      }
    }
  }
}

Get by Id

Get a recurring repayment by id.

Verb	`GET`
Url	`https://api.s.unit.sh/recurring-repayments/{id}`
Required Scope	`repayments`
Timeout (Seconds)	`5`

Response

Response is a JSON:API document.

200 OK

Field	Type	Description
data	One of the following types (Recurring ACH Repayment or Recurring Book Repayment or Recurring Capital Partner ACH Repayment or Recurring Capital Partner Book Repayment	Recurring Repayment resource.

curl -X GET 'https://api.s.unit.sh/recurring-repayments/100' \
-H "Authorization: Bearer ${TOKEN}"

List Recurring Repayments

List recurring repayments resources. Filtering, paging and sorting can be applied.

Verb	`GET`
Url	`https://api.s.unit.sh/recurring-repayments`
Required Scope	`repayments`
Timeout (Seconds)	`5`

Query Parameters

Name	Type	Default	Description
page[limit]	integer	100	Optional. Maximum number of resources that will be returned. Maximum is 1000 resources. See Pagination.
page[offset]	integer	0	Optional. Number of resources to skip. See Pagination.
filter[creditAccountId]	string	(empty)	Optional. Filters the results by the specified credit account id.
filter[customerId]	string	(empty)	Optional. Filters the results by the specified customer id.
filter[status]	string	(empty)	Optional. Filter recurring repayments by status (Active or Disabled). Usage example: *filter[status]=Active
filter[fromStartTime]	RFC3339 Date string	(empty)	Optional. Filters the Recurring Repayments that their start time occurred after the specified date. e.g. `2022-06-13`
filter[toStartTime]	RFC3339 Date string	(empty)	Optional. Filters the Recurring Repayments that their start time occurred before the specified date. e.g. `2022-05-13`
sort	string	`sort=-createdAt`	Optional. Leave empty or provide `sort=createdAt` for ascending order. Provide `sort=-createdAt` (leading minus sign) for descending order.

curl -X GET 'https://api.s.unit.sh/recurring-repayments?page[limit]=20&page[offset]=10&filter[status][]=Enabled' \
-H "Authorization: Bearer ${TOKEN}"

Response

Response is a JSON:API document.

200 OK

Field	Type	Description
data	An array of Recurring Repayments (Recurring ACH Repayment or Recurring Book Repayment or Recurring Capital Partner ACH Repayment or Recurring Capital Partner Book Repayment	Recurring Repayment resource.
meta	JSON object that contains pagination data	Pagination data includes offset, limit and total (total items).

Example Response:
{
  "data": [
    {
      "type": "recurringAchRepayment",
      "id": "2",
      "attributes": {
        "createdAt": "2024-02-13T11:06:23.680Z",
        "schedule": {
          "startTime": "2024-02-13",
          "interval": "Monthly",
          "nextScheduledAction": "2024-03-29",
          "dayOfMonth": 29
        },
        "description": "ACH Repayments",
        "sameDay": false,
        "numberOfRepayments": 0,
        "status": "Active"
      },
      "relationships": {
        "org": {
          "data": {
            "type": "org",
            "id": "2"
          }
        },
        "account": {
          "data": {
            "type": "account",
            "id": "10016"
          }
        },
        "creditAccount": {
          "data": {
            "type": "creditAccount",
            "id": "10005"
          }
        },
        "counterparty": {
          "data": {
            "type": "counterparty",
            "id": "1"
          }
        },
        "customer": {
          "data": {
            "type": "customer",
            "id": "10000"
          }
        }
      }
    },
    {
      "type": "recurringBookRepayment",
      "id": "5",
      "attributes": {
        "createdAt": "2024-02-13T12:08:20.239Z",
        "schedule": {
          "startTime": "2024-02-13",
          "interval": "Monthly",
          "nextScheduledAction": "2024-03-29",
          "dayOfMonth": 29
        },
        "description": "Book Repayments",
        "transactionSummaryOverride": "override",
        "numberOfRepayments": 0,
        "status": "Active"
      },
      "relationships": {
        "org": {
          "data": {
            "type": "org",
            "id": "2"
          }
        },
        "account": {
          "data": {
            "type": "account",
            "id": "10016"
          }
        },
        "creditAccount": {
          "data": {
            "type": "creditAccount",
            "id": "10005"
          }
        },
        "counterpartyAccount": {
          "data": {
            "type": "account",
            "id": "10012"
          }
        },
        "customer": {
          "data": {
            "type": "customer",
            "id": "10000"
          }
        }
      }
    },
    {
      "type": "recurringCapitalPartnerBookRepayment",
      "id": "5",
      "attributes": {
        "createdAt": "2024-02-13T12:08:20.239Z",
        "schedule": {
          "startTime": "2024-02-13",
          "interval": "Monthly",
          "nextScheduledAction": "2024-03-29",
          "dayOfMonth": 29
        },
        "description": "Book Repayments",
        "transactionSummaryOverride": "override",
        "numberOfRepayments": 0,
        "status": "Active"
      },
      "relationships": {
        "org": {
          "data": {
            "type": "org",
            "id": "2"
          }
        },
        "creditAccount": {
          "data": {
            "type": "creditAccount",
            "id": "10005"
          }
        },
        "counterpartyAccount": {
          "data": {
            "type": "account",
            "id": "10012"
          }
        },
        "customer": {
          "data": {
            "type": "customer",
            "id": "10000"
          }
        }
      }
    }
  ],
  "meta": {
    "pagination": {
      "total": 3,
      "limit": 100,
      "offset": 0
    }
  }
}

Recurring Repayments

Recurring Repayment Schedule​

Recurring Repayment Statuses​

Create Recurring ACH Repayment​

Attributes​

Relationships​

Response​

201 Created​

Create Recurring Book Repayment​

Attributes​

Relationships​

Response​

201 Created​

Capital Partner Repayments​

Create Recurring Capital Partner ACH Repayment​

Attributes​

Relationships​

Response​

201 Created​

Create Recurring Capital Partner Book Repayment​

Attributes​

Relationships​

Response​

201 Created​

Disable Recurring Repayment​

Response​

200 OK​

Response​

Enable Recurring Repayment​

Response​

200 OK​

Response​

Get by Id​

Response​

200 OK​

List Recurring Repayments​

Query Parameters​

Response​

200 OK​

Recurring Repayment Schedule

Recurring Repayment Statuses

Create Recurring ACH Repayment

Attributes

Relationships

Response

201 Created

Create Recurring Book Repayment

Attributes

Relationships

Response

201 Created

Capital Partner Repayments

Create Recurring Capital Partner ACH Repayment

Attributes

Relationships

Response

201 Created

Create Recurring Capital Partner Book Repayment

Attributes

Relationships

Response

201 Created

Disable Recurring Repayment

Response

200 OK

Response

Enable Recurring Repayment

Response

200 OK

Response

Get by Id

Response

200 OK

List Recurring Repayments

Query Parameters

Response

200 OK