How You Transfer Funds Between Bank Accounts
Use the Manage Bank Account Transfers page to manage fund transfers between two internal bank accounts. The following list provides the elements for:
-
Payment status
-
Bank account information
-
Payment status details
Manage Bank Account Transfers Table:
Display Name |
Description |
---|---|
Transfer Number |
Unique bank account transfer reference that's system generated. |
From Account |
The bank account that initiates the transfer. |
To Account |
The bank account receiving the transfer. |
Transfer Date |
Date of transfer. |
Amount |
Amount to transfer. |
Currency |
Currency of the amount transferred. |
Status |
Status of the bank account transfer. Valid values are:
Note:
After canceling the bank account transaction, the two external cash transactions generated (one for the provider bank account and one for the receiver bank account) are automatically voided. |
Payment Status | See Payment Status in this topic. |
Action | The Action icon is only enabled if the payment status is actionable. |
Business Unit | The business unit name of the disbursement bank account, available when the Settle transaction through Payments option is selected. |
Payment Profile | The name of the payment profile for the bank account transfer, available when the Settle transaction through Payments option is selected. |
Payment Method | The payment method for the bank account transfer, available when the Settle transaction through Payments option is selected. |
Payment File | The unique identifier of the payment file generated for the bank account transfer, available when the Settle transaction through Payments option is selected. |
Payment Status
The status is a combination of the Payment Process Request and payment file. The payment status can be either nonactionable or actionable.
The following tables list the possible statuses:
Nonactionable Status |
Description |
---|---|
Formatted |
The payment has been formatted but transmission isn't needed. |
Transmitted |
The payment has been formatted and transmitted. |
Terminated |
The payment has been terminated by the user. |
Actionable Status |
Description |
---|---|
Pending action to address document validation errors |
Correction or missing data needed. |
Pending action to address payment validation errors |
Correction or missing data needed. |
Failed validation and pending action |
Correction or missing data needed. |
Formatted and ready for transmission |
Passed validation and ready to be transmitted. |
Failed formatting and pending action |
Correction or missing data needed. |
Transmission failed |
Correction or missing data needed. |
Cash Management calls the Resolve Document Validation Errors in Oracle Fusion Payment to let you resolve issues encountered during the payment process request.