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: Pending Approval Approved Rejected Validated Invalid Settlement in Process Failed Completed Voided Canceled 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.