Member Initiated Contributions

With member owned accounts, such as a bank account or an HSA, a member can initiate on-demand and recurring scheduled contributions. There are two primary methods a member can directly contribute:

ACH Push: This is when a member initiates a transfer by working with their external third party bank account by providing the account and routing number of the Lynx platform account.
ACH Pull: This is when a member initiates a transfer through the Lynx platform by connecting a verified external third party bank account.

To support member contributions via ACH Pull, Lynx has provided member contribution APIs which can be used to support your member user interface. Prior to initiating an ACH Pull from an external third-party account, federal banking regulations require that the external account be verified as being owned by the individual who is attempting to make the transfer. To support this verification requirement, Lynx leverages Plaid. Read more about how Lynx works with Plaid and how to integrate the solution into your interface here.

Once an external account has been verified, a user can select this account to initiate a contribution into their Lynx platform account. A transfer will show in a Pending status until the contribution posts to the member’s account. Lynx will process transfers within 3 business days.