SEP-9: add bank_account_type
#1344
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@JakeUrban Do you consider having the composite bank number that contains both the |
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We've entertained the idea of defining our own formats for composite fields in SEP-9 here, but ultimately decided against it. We do have some composite fields though, like |
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Adds
bank_account_typeto the list of SEP-9 fields, with initial supported values ofcheckingorsavings. Some jurisdictions have banking systems that require that the account type be specified in addition to the account number.Note that
bank_account_typedoes not indicate the format ofbank_account_number, and should not be used to validatebank_account_number.If an anchor needs to be able to validate an account identifier, it should use other SEP-9 fields added specifically for the format they're looking to validate, such as
cbu_numberorclabe_number. These fields often contain pieces of information other than the user's account number with their bank.For example, CBU numbers contain identifiers for the bank, the bank branch, the type of account, and the account number itself. Instead of trying to decompose CBU numbers and passing each piece via the
bank_account_number,bank_number,bank_branch_number, and other SEP-9 fields, it is much easier for businesses operating in those jurisdictions to accept account identifiers in the formats that are common in those jurisdictions.