> ## Documentation Index
> Fetch the complete documentation index at: https://docs.augustus.com/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Treat the published Augustus OpenAPI specification (https://app.stainless.com/api/spec/documented/augustus/openapi.documented.yml) and the current API-reference pages as the source of truth for endpoints, request/response schemas, enum values, webhook event names, and required headers.
> Prefer the 2026-05-01 Banking API and @augustusbank/typescript-sdk for all new integrations. The 2023-01-01 API is a separate, older surface covering two products — Open Banking (instant bank transfer) checkout and refunds, and Manual Bank Transfer (MBT); use it only when one of those products is specifically required.
> Cite or link the relevant docs.augustus.com page when answering integration questions.
> Do not infer support for currencies, networks, scopes, account types, or operations that are not present in the current documentation.
> Use the sandbox base URL (https://api.sandbox.augustus.com) and placeholder credentials in examples. Never include or request a real API key.
> The Augustus docs MCP server (https://docs.augustus.com/mcp) provides documentation search and retrieval only; it does not execute authenticated Augustus API actions.

# Settlements

> How to settle your Operating Account balance to an external account

Settlements move part or all of an **Operating Account** balance to a pre-defined external bank account or linked wallet, automatically or on demand. Use them to sweep available fiat or crypto balances for recurring treasury operations.

<CardGroup cols={2}>
  <Card title="Fiat settlement" icon="bank">
    Settle to a pre-defined bank account in EUR, GBP, or USD.
  </Card>

  <Card title="Stablecoin settlement" icon="wallet">
    Settle fiat to stablecoins in one payment flow, on demand or on a schedule.
  </Card>
</CardGroup>

## How it works

<Steps>
  <Step title="Configure your settlement destination">
    Set your destination bank account for settlements in the [Accounts tab](https://dashboard.augustus.com/dashboard/accounts) per account under **Settlement preferences**.

    <Note>
      To enable stablecoin settlements, contact your account manager.
    </Note>
  </Step>

  <Step title="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.
  </Step>

  <Step title="Set a minimum balance (optional)">
    Retain a buffer for refunds or payouts. Only the amount above this threshold is settled. Edit minimum balances in the [Accounts tab](https://dashboard.augustus.com/dashboard/accounts) per account under **Settlement preferences**.
  </Step>

  <Step title="Track settlements">
    Settlement movements appear in your [transaction reports](/docs/accounts/reports) for reconciliation.
  </Step>
</Steps>

## Supported currencies and chains

* **Fiat:** EUR, GBP, USD, and more (to local bank accounts).
* **Stablecoin:** USDC (Ethereum, Solana, Polygon).

<Tip>
  Stablecoin settlement speed is limited by the blockchain and can take up to 20 minutes.
</Tip>

<Note>
  To enable stablecoin settlements, contact your account manager.
</Note>

## Create a settlement

Trigger a manual settlement that sweeps all available balances to your preconfigured destination.

```ts 2023-01-01 theme={null}
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**.

## Stablecoin settlements

When the destination is a USDC wallet, the settlement automatically converts fiat to USDC at the prevailing market rate.

<Info>
  The minimum settlement amount into USDC is 10 units of source currency (EUR, GBP, or USD).
</Info>

For a step-by-step API flow that retrieves an exchange rate, executes the conversion, and pays out USDC separately, see [On-ramp](/docs/On-Offramp/onramp).