Accounts & Transactions

How to Fund Deposit Account On Anchor Dashboard

You can fund your account or customer’s account on Anchor by sending money directly to its dedicated bank account number. This is useful when you want to move funds from an external bank into Anchor (for example, to top up a wallet or fund future payments).

To do this:

1. Log into your Anchor Dashboard and go to Accounts → Deposit Accounts, then select the deposit account you want to fund.

2. On the deposit account details page, open the Account Number tab to view the account number, bank name, and account name. Copy these details.

3. From your external banking channel (online banking, mobile app, or corporate portal), initiate a transfer to that account number and bank, and complete the transfer as you normally would.

Once the bank processes the payment, the funds will be credited to the deposit account and the account balance in the Anchor Dashboard will update shortly after.

Account Limits

Account limits on Anchor define the maximum amounts that can be debited from a deposit account. These limits help you control risk and compliance for different account types and use cases.

There are two main limit categories, based on transfer type:

NIP Transfer

This covers transfers or withdrawals to external banks (for example, Zenith, Access, etc.).

• Single debit limit: Maximum amount per transaction.
• Daily debit limit: Total allowable transactions per day.

Book Transfer:

This covers transfers between accounts within Anchor (for example, Master Account to Deposit Account).

• Single debit limit: maximum amount allowed per book transfer.

• Daily debit limit: total amount allowed for all book transfers in a day.

How to check Deposit Account Limits on Anchor Dashboard 

To view the limits for a specific deposit account:

1. Log in to the Anchor Dashboard.

2. Navigate to Accounts → Deposit Accounts and select the deposit account you want to inspect.

3. On the account details page, hover over Daily Limits to see the applicable NIP and Book Transfer limits for that account.

These limits determine whether a transfer request from the account will be accepted or rejected, and are important to keep in mind when setting up high-value or high-frequency payment flows.

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Increasing Account Limits

Deposit account limits can be increased after execution of an Indemnity by sending an email to [email protected]. The account limit increase process is currently not available via the API.