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.