Q4 2023 Newsletter

December 18, 2023

  • Wire Transfers now limit the beneficiary_name to 35 characters, the message_to_recipient to 140 characters, and each line of the beneficiary_address to 35 characters.

December 11, 2023

December 04, 2023

  • You can now enroll accounts in IntraFi for higher FDIC coverage.
  • You can now create security incidents in the Dashboard.
  • You can now connect your Increase accounts anywhere Plaid is supported.

November 27, 2023

November 20, 2023

November 13, 2023

  • We've added new Transfers , Account Numbers and External Accounts tabs in Dashboard for easier navigation.
  • You can now filter Bookkeeping Accounts, Entities, Account Numbers and Accounts by name in the Dashboard.
  • You can now filter External Accounts and Cards by description in the Dashboard.
  • You can now filter Transfers by date in the Dashboard.

November 6, 2023

  • We've exposed new Bookkeeping APIs , Bookkeeping Entries and EntrySets now have their own APIs and new filter parameters.
  • You can now save beneficiary address and name details when creating new External Accounts in the External Accounts tab.

October 30, 2023

  • You can now download account verification letters from Dashboard. This is helpful if you need to demonstrate ownership to a third party.
  • You can now export a CSV of Entities.
  • You can now see which Entry Effective Date was used for an ACH Transfer.
  • You can now pull Bookkeeping Account balances in the API .
  • You can now save beneficiary address and name details when creating new External Accounts in the Money Movement flow for reuse.

October 23, 2023

  • ACH addenda are now visible on the Inbound ACH Transfer object.
  • There is a new verification hash on the card authorization resource that shows the address provided by a customer, the address we match it against, and the result. It also shows the result of the CVC match.
  • We now expose a few more network identifiers on our various card payment-related resources, nested under network_identifiers.
  • We've added support for Automatic Fuel Dispenser payments, where the initial authorization will be followed by a card_fuel_confirmation that updates the amount to the actual fuel pump amount.
  • You can now filter the Transfers list in Dashboard.
  • ACH Transfer objects now include an effective_date that tells you which day a transfer was processed.
  • You can now search Inbound Wires by Input Message Accountability Data (IMAD) and Trace Number in the Dashboard.
  • You can now export Bookkeeping balances in the Dashboard.

October 16, 2023

  • We updated our Proof of Authorization flow to be more guided.
  • You can now rename Bookkeeping Accounts in the Dashboard and the API.
  • You can now see the Check Transfer ID on Check Transfer Deposits in the Transactions API.

October 9, 2023

  • You can now filter Transactions by amount in the Dashboard.
  • You can now view Fee Statements by Program in the Dashboard.
  • You can access more Federal Deposit Insurance Corporation (FDIC) coverage to protect your account balances above $250K. Reach out if you'd like to enroll in our Extended Deposit Insurance.
  • You can now see failed scheduled transfers in the dashboard and we will email you if they fail.
  • You can disable notification emails altogether in Settings .
  • There is now a direction field on Card Authorization resources that shows whether it's a settlement or refund authorization.
  • We fixed a bug where Card increment amounts would sometimes have the wrong signage.

October 2, 2023

  • You can now search for ACH Transfers by Trace ID and for Wire Transfers by Input Message Accountability Data (IMAD) in the Dashboard.
Increase is not a bank. Banking products and services are offered by Grasshopper Bank, N.A., Member FDIC and First Internet Bank of Indiana, Member FDIC. Cards Issued by First Internet Bank of Indiana, pursuant to a license from Visa Inc. Deposits are insured by the FDIC up to the maximum allowed by law through Grasshopper Bank, N.A., Member FDIC and First Internet Bank of Indiana, Member FDIC. FDIC deposit insurance only covers the failure of the FDIC insured bank.