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Documentation Index

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Settlements let you move part or all of an Operating Account balance to your external bank account or wallet, either automatically or on demand. Use this to sweep fiat funds for recurring treasury operations, or to settle to pre-set wallets in fiat or stablecoins.

Fiat Settlement

Settle to your local bank account in EUR, GBP, USD and more. Funds usually arrive instant, but can take up to 2 business days.

Stablecoin Settlement

Settle fiat to stablecoins. Get on-demand or recurring settlement to stablecoins at market FX rates.

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How It Works

1

Configure your settlement destination

Set your destination bank account or wallet address for settlements in the Accounts Tab per account under Settlement preferences.
2

Choose settlement frequency and amount

  • Automatic: Settle daily, weekly, or monthly
  • Manual: Trigger a settlement anytime from the Dashboard or API
  • Amount: Minimum amounts apply to Stablecoin settlements
3

Set minimum balance (optional)

Retain a buffer for refunds or payouts. Only the amount above this threshold will be settled.Minimum balances can be edited in the Accounts Tab per account under Settlement preferences.
4

Track settlements

Settlement movements appear in your Transaction Reporting feed for easy reconciliation.

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Supported Currencies & Chains

  • Fiat: EUR, GBP, USD, and more (to local bank accounts)
  • Stablecoin: USDC (Ethereum, Solana, Polygon)
Stablecoin settlements to wallets on Ethereum or Polygon are limited by the blockchain’s speed and can take up to 20 minutes. For instant stablecoin settlements, we recommend using Solana.
To enable stablecoin settlements, contact Augustus to get started.

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How to Create a Settlement

Trigger a manual settlement that sweeps all available balances to your preconfigured destination.
2023-01-01 (Ivy)
import Ivy from '@getivy/node-sdk'

const client = new Ivy()
const settlements = await client.beneficiaryPayouts.create()
You can also trigger a settlement from the Dashboard: in the Accounts tab, select the account to settle, enter the amount, and click Settle Funds.

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Stablecoin Settlements

When the destination is a USDC wallet, the settlement automatically converts fiat to USDC at the prevailing market rate.
Minimum settlement amount into USDC = 10 units of source currency (EUR / GBP / USD).
For a step-by-step API flow that retrieves an exchange rate, executes the conversion, and pays out USDC separately, see On-Ramp.