Send money

Learn how to send money with Bloc

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Remember:

Only Fixed Accounts can send money out via our Transfers API. Collection Accounts cannot transfer out.

Overview

Our Transfers API enables you to send money to bank accounts in Nigeria. There are two kinds of transfers on Bloc:

1. Single Transfers

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Remember:

To send money on Bloc, you need your API keys to authenticate the transfers. You can find your keys on the Bloc dashboard in Settings.

Single Transfers

A Fixed Virtual Account can initiate a bank transfer to any Nigerian bank account number via API. There are two categories of single transfers:

1. Transfer to a bank
2. Internal transfer between accounts issued with Bloc

Transfer to a bank

You can initiate transfers to any Nigerian bank by passing the following parameters. See our API reference for more.

1. The desired amount;
2. Account ID of the sender(fund source);
3. The bank code. A list of all the bank codes can be found here;
4. Destination account number;
5. Narration.

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Please note:

amount responses sent across all of Bloc’s APIs are returned in the smallest possible unit of the respective countries/currencies as an integer (without decimal point), not a float value (with decimal point).

For example, when an API response, amount, returns 30000, it is the kobo value that was returned. You can then go ahead to divide this amount by 100 to get the specific naira equivalent, which is ₦300.

Internal transfer

You can initiate transfers to bank accounts created with Bloc by providing the following parameters. See our API reference for more.

1. The desired amount;
2. Account ID of the sender;
3. Account ID of the recipient;
4. Narration

Pricing & Fees

The fees for Transfers are deducted from the organization’s billable balance. Bloc does not. debit the customer (account holder).