Fund Movement

Client initiated contributions are pulled directly from a business banking account that is established through Lynx on behalf of a client; these accounts are referred to as FBO (For Benefit Of) accounts. FBO accounts are established as part of the onboarding process by working with your Client Success Manager, and you can establish one or multiple FBO accounts to support your funding process. Once the FBO account(s) have been established, you are able to transfer funds via ACH from your external account into the FBO account.

When initiating a client contribution to a member’s account, Lynx will check your FBO account balance to verify there are sufficient funds available. If funds are available, Lynx initiates the transfer of funds from your FBO account to the member’s account. A record of the transaction will be created for both your FBO account and the member’s account. If an FBO account has insufficient funds to support the requested transfer, Lynx will not complete the transfer and will pass an error message to inform you of insufficient funds. You can view your organizations FBO account(s) through the Lynx Client Admin portal.