---
title: "Accounts"
---
Accounts let you and your customers receive payments, store funds, and send transfers. When you create an account, Gravv generates a wallet address and virtual account. You can receive funds into your account with both methods, and all transactions appear in the account balance.

Gravv organizes accounts into two main categories: internal accounts and external accounts.

## Internal accounts

Internal accounts are accounts created within Gravv, either through the [Create an account](/api-reference/accounts/post-v1-accounts) endpoint or from the [Dashboard](https://app.gravv.xyz). They include main accounts for your business and customer accounts for your customers.

### Main accounts

These are accounts associated with your business. You can open multiple main accounts to organize your business operations.

Main accounts include three types:

#### Regular accounts

Regular accounts handle everyday transactions, including payments, withdrawals, and deposits. They support unlimited transactions but don't earn interest.

#### Savings accounts

Savings accounts hold funds for longer periods. They earn interest but limit transaction frequency and require a minimum balance.

#### Card accounts

Card accounts back all virtual cards you issue to customers. Create one card account on your Dashboard before issuing any cards. This one-time setup uses the Polygon blockchain network. The setup supports all customer cards you create.

### Customer accounts

These are accounts you create for your customers after onboarding and verifying them using the [Know Your Customer (KYC)](/getting-started/know-your-customer) process. All payments made or received by customers are reflected in their account balances.

Customer accounts can be either regular accounts or savings accounts. Use the [Create an account](/api-reference/accounts/post-v1-accounts) endpoint to create one.

#### Regular accounts

Regular accounts handle everyday transactions such as payments, withdrawals, and deposits. They allow unlimited transactions but don't earn interest.

#### Savings accounts

Savings accounts store funds for extended periods and help users save money over time. They earn interest but limit transaction frequency and require a minimum balance.

## External accounts

External accounts are accounts outside Gravv, such as bank accounts and mobile money wallets, that you pay out to. They have their own section: see [External accounts](/platform/external-accounts/overview).

> 📘 Note
>
> All internal and external accounts must be associated with a customer.

## Next steps

<CardGroup cols={2}>
  <Card title="Create an account" href="/platform/accounts/create-an-account">
    Create a customer account after completing KYC verification.
  </Card>

  <Card title="Retrieve accounts" href="/platform/accounts/retrieve-accounts">
    Fetch a list of accounts or retrieve a single account by ID.
  </Card>

  <Card title="Update account status" href="/platform/accounts/update-account-status">
    Freeze, reactivate, or close an account.
  </Card>

  <Card title="External accounts" href="/platform/external-accounts/overview">
    Link and manage the bank accounts and mobile money wallets you pay out to.
  </Card>

  <Card title="Fund account wallets during testing" href="/platform/accounts/fund-account-wallets-during-testing">
    Add test funds to account wallets in the sandbox environment.
  </Card>
</CardGroup>