Transfer funds between accounts
You can transfer a credit or a debit from one account to another. For example, you may need to transfer a security deposit from a customer's account to an unallocated fund account to ensure the customer's account balance remains correct.
The following table outlines how transferred credits and debits appear in the Account
History.
Transfer from account A to B | Transaction type in A's Account History | Transaction type in B's Account History |
---|---|---|
credit (A sends money to B) | Transferred debit | Transferred credit |
debit (A sends a debit to B) | Transferred credit | Transferred debit |
This task explains how to transfer funds between accounts.