In this example, we will review how to create a deposit application with a minimum data set.
Use case data
API parameters with values
We will create a deposit application for a test person whose account ID is ID-2660.
...persons/ID-2660/applications
The amount that the test person is going to deposit is 5000 EUR.
The deposit is offered with the 3 month duration. The interest will be paid at the end of the contract period. The deposit's jurisdiction country is Estonia.
The tax residency code determines which tax rate is enabled for this country when deducting the tax from the interest during the pay out.
The tax exempt is false by default.
Note: the taxResidencyCountryCode and taxExempt parameters are editable even after the deposit contract is created or activated.
Sample API call
Sample request
Below is an example request body of the API call for creating a deposit application.
