Transfer Execution

Fund Transfer Execution is the process of updating the status of a fund transfer as it progresses through its lifecycle. When a transfer is created, it is initially marked as Pending. The user or authorized personnel can then accept the transfer to confirm the movement of funds between the origin and destination branches. Once the transfer has been fully processed and verified, its status can be updated to Closed, indicating completion. If there is an issue or the transfer cannot be processed, the status can be changed to Rejected.