The Peach PayOut system API has an optional parameter which allows merchants to specify the type of the destination bank account.

Parameter Name: AccountType

Accepted Values - 0 to 6

The above value 0 to 6 should be specified based on the below data:

Current/Cheque = 1
Savings = 2
Transmission = 3
Bond = 4
Subscription Share = 6

There is no Account Type 5.

If a merchant does not have access to the account type for the recipient then they can submit the value 0 instead.