Given money movement to FRB is operational, you should expect to receive the funds at your normal payout speed.
We do not expect users to need to make updates to their existing FRB bank accounts as a result of the sale of FRB to JPMorgan Chase Bank. If, however, you would like to change your bank information with us, here’s how you can do it.
Only the connected account can update their payout bank accounts. You can provide the following instructions to your connected accounts to update their bank account:
The easiest way to do this is with the API. For a given connected account, you can list bank accounts with the bank accounts API. Examine the
routing_number field and see if it corresponds to a FRB routing number.
As a Custom Connect platform, you have the ability to update your connected accounts’ bank accounts directly.
default_for_currency = true.