Interswitch Transfers

Interswitch Transfers API

Process fund transfers to bank accounts and mobile wallets. Supports account validation, single transfers, bulk transfers, and status checks.

Transfer Flow

1. Validate account — Confirm the destination account exists
2. Build sender object — Party initiating the transfer
3. Build beneficiary object — Receiving party details
4. Initiate transfer — Submit transfer request with MAC hash
5. Check status — Verify transfer completion

Transfer Endpoints

Account Validation (Name Enquiry)

Always validate the destination account before initiating a transfer:

interface AccountValidationRequest {
  bankCode: string;        // CBN bank code
  accountNumber: string;   // 10-digit NUBAN
}

interface AccountValidationResponse {
  responseCode: string;
  accountName: string;
  accountNumber: string;
  bankCode: string;
  bankName: string;
}

async function validateAccount(
  data: AccountValidationRequest
): Promise<AccountValidationResponse> {
  const headers = await getAuthHeaders();

  const response = await fetch(
    `${process.env.INTERSWITCH_BASE_URL}/api/v2/nameenquiry`,
    {
      method: 'POST',
      headers: {
        ...headers,
        'Content-Type': 'application/json',
      },
      body: JSON.stringify({
        bankCode: data.bankCode,
        accountId: data.accountNumber,
      }),
    }
  );

  if (!response.ok) {
    throw new Error(`Account validation failed: ${response.status}`);
  }

  return response.json();
}

MAC Hash Generation

Transfers require a MAC (Message Authentication Code) for security. The MAC is a SHA-512 hash of concatenated transfer fields:

import crypto from 'crypto';

interface MACFields {
  amount: string;
  sendCurrency: string;
  receiveCurrency: string;
  paymentMethod: string;
  countryCode: string;
}

function generateMAC(fields: MACFields): string {
  // Concatenate fields in order
  const data = [
    fields.amount,
    fields.sendCurrency,
    fields.receiveCurrency,
    fields.paymentMethod,
    fields.countryCode,
  ].join('');

  return crypto
    .createHash('sha512')
    .update(data)
    .digest('hex');
}

Single Transfer

interface TransferParty {
  name: string;
  accountNumber: string;
  bankCode: string;
  accountType?: string;
  phoneNumber?: string;
  email?: string;
}

interface SingleTransferRequest {
  mac: string;                  // SHA-512 MAC hash
  beneficiary: TransferParty;
  sender: TransferParty;
  initiatingEntityCode: string; // Your merchant code
  transferAmount: {
    amount: number;             // In minor currency (kobo)
    currency: string;           // 'NGN'
  };
  paymentMethod: string;        // 'AC' for account
  terminatingEntityCode: string; // Beneficiary bank code
  countryCode: string;          // 'NG'
  transactionRef: string;
}

interface TransferResponse {
  responseCode: string;
  responseDescription: string;
  transactionRef: string;
  transferCode: string;
  paymentId: string;
}

async function initiateSingleTransfer(
  data: SingleTransferRequest
): Promise<TransferResponse> {
  const headers = await getAuthHeaders();

  const response = await fetch(
    `${process.env.INTERSWITCH_BASE_URL}/api/v2/quickteller/payments/transfers`,
    {
      method: 'POST',
      headers: {
        ...headers,
        'Content-Type': 'application/json',
      },
      body: JSON.stringify(data),
    }
  );

  if (!response.ok) {
    throw new Error(`Transfer failed: ${response.status}`);
  }

  return response.json();
}

Check Transfer Status

async function checkTransferStatus(
  transactionRef: string
): Promise<TransferResponse> {
  const headers = await getAuthHeaders();

  const response = await fetch(
    `${process.env.INTERSWITCH_BASE_URL}/api/v2/quickteller/payments/transfers/${encodeURIComponent(transactionRef)}`,
    {
      method: 'GET',
      headers,
    }
  );

  if (!response.ok) {
    throw new Error(`Transfer status check failed: ${response.status}`);
  }

  return response.json();
}

Complete Transfer Flow

// 1. Validate destination account
const validation = await validateAccount({
  bankCode: '058',           // GTBank
  accountNumber: '0123456789',
});
console.log('Account Name:', validation.accountName);

// 2. Generate MAC hash
const mac = generateMAC({
  amount: '500000',          // ₦5,000
  sendCurrency: 'NGN',
  receiveCurrency: 'NGN',
  paymentMethod: 'AC',
  countryCode: 'NG',
});

// 3. Initiate transfer
const transfer = await initiateSingleTransfer({
  mac,
  sender: {
    name: 'Your Business',
    accountNumber: '9876543210',
    bankCode: '044',
  },
  beneficiary: {
    name: validation.accountName,
    accountNumber: '0123456789',
    bankCode: '058',
  },
  initiatingEntityCode: process.env.INTERSWITCH_MERCHANT_CODE!,
  transferAmount: {
    amount: 500000,
    currency: 'NGN',
  },
  paymentMethod: 'AC',
  terminatingEntityCode: '058',
  countryCode: 'NG',
  transactionRef: `TRF_${Date.now()}_${crypto.randomUUID().slice(0, 8)}`,
});

console.log('Transfer ref:', transfer.transactionRef);

// 4. Check status
const status = await checkTransferStatus(transfer.transactionRef);
console.log('Transfer status:', status.responseCode);

Common Bank Codes

Best Practices

1. Always validate accounts — Use name enquiry before every transfer
2. Confirm account name with the user before proceeding
3. Generate unique references — Prevent duplicate transfers
4. Check transfer status — Don't assume success from initial response
5. Secure MAC generation — Never expose MAC concatenation logic client-side
6. Rate limiting — Implement throttling for bulk operations