The Whitelist Bank Accounts feature on Graph allows you to restrict deposits to specific bank accounts. This ensures that an account on Graph can only be funded by pre-approved bank accounts. Any bank transfer made from accounts that are not whitelisted will not reflect on Graph and will be rejected.
How It Works (Different functions)
- Adding Whitelist Accounts: You can add bank accounts to the whitelist for a specific Graph account. Once added, only deposits from these whitelisted accounts will be accepted.
- Listing Whitelist Accounts: You can retrieve a list of all bank accounts that have been whitelisted for a specific Graph account.
- Removing Whitelist Accounts: You can remove specific bank accounts from the whitelist, making them ineligible to fund the Graph account.
- Clearing Whitelist Accounts: You can clear all bank accounts from the whitelist for a specific Graph account, removing all restrictions and allowing deposits from any bank account.
Use Cases
- Controlled Funding Sources: Organizations can ensure that only funds from specific accounts, such as designated corporate or partner accounts, are deposited. This is useful for maintaining clear and controlled financial inflows.
- Fraud Prevention: By restricting deposits to known and trusted bank accounts, the risk of fraudulent deposits is minimized. Unauthorized deposits will be automatically rejected, ensuring the integrity of the account.
- Regulatory Compliance: For businesses operating in regulated industries, whitelisting bank accounts can help comply with financial regulations that require controlled and traceable funding sources.