Table of contents
Card products have associated financial accounts that carry a balance. This guide provides an overview of the types of card product financial accounts.
Overview
All financial accounts have a ledger that reflects financial account activity. Every card product vertical has its own set of corresponding ledgers. For an overview of Highnote's ledger system, see Highnote ledgers.
You can use the Highnote dashboard to track card product account balances and transfer funds. Use the following steps to access the card product balance page of the dashboard:
- From the Highnote dashboard, click the name of your card product from the left-hand navigation. If you only have one card product, skip to Step 2.
- Click Balance to access the card product balance page.
Product funding account
Card products have an underlying financial account called the product funding account. The role of the product funding account may differ depending on the card product vertical.
The following table outlines what role the product funding account plays for each card product vertical:
| Card product vertical | Product funding account role |
| Prepaid debit | Covers negative balances in account holder financial accounts and issues provisional credits for disputes and chargebacks |
| Credit | Backs the lines of credit issued to financial accounts |
| Charge | Backs the lines of credit issued to financial accounts |
| Secured charge | Backs the lines of credit issued to financial accounts |
| Fleet | Backs the lines of credit issued to financial accounts |
| AP automation | Provides funds to account holder financial accounts via funds load |
| Payroll | Provides payroll advance, covers negative balances in account holder financial accounts, and issues provisional credits |
Income account
The income account reflects all fees collected from your card product according to your card product's fee schedule.
Reserve
The reserve account is used to hold funds to cover deficits in the card product. You can't transfer funds out of a reserve account.
Negative balance reserve
The negative balance reserve account holds funds to cover deficits in the card product due to financial accounts with a negative balance, fraud, and losses due to disputes or network charges. You can't transfer funds out of a negative balance reserve account.