Subnets: Virtual Account Numbers

Sankaet Pathak
Oct 25, 2017 · 2 min read
Image for post
Image for post

This year we have been hard at work building out a full stack deposit product. In the spirit of that effort, today we are launching our virtual account number issuing product.

We call this feature Subnets. Subnets are virtual account and routing numbers issued on top of Synapse managed Deposit Accounts. Developers can use subnets to allow users to be able to fund their deposit account via external ACH or Wire transfers.

Here is how they work:

Step 1. Create a user profile and add KYC [Link to API]

Step 2. Create a deposit node¹ [Link to API]

Step 3. Create a subnet on top of the deposit node [Link to API]

That’s it. Now the user can send payments to the returned account number and when the funds come in, they will be posted on the node in form of a transaction².

Subnets are now in public beta. If you wish to integrate this into your existing products, please feel free to reach out to us at

[1] Fun fact — subnets can be created on top of DDAs or sub-accounts.

[2] If you have created a Subscription webhook for TRANS|POST , you will be alerted with a webhook when a new transaction is posted on the ledger.

Originally published at Synapse’s Blog on Oct 25, 2017.


Operating System For Modern Banking

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store