Internal
The Internal page enables you to transfer funds between internal accounts, review pending and upcoming issued transfers, and to quickly modify and delete issued fund transfers.
Note:
- If you have access to additional functionality, the system may display additional submenu items on the Payments & transfers page. To access the Internal page, you may need to click Internal on the Payments & transfers page.
- If you do not have permissions to inquire on accounts, the system does not display the account balance information under the To and From accounts drop-down list.
The system may display any or all of the following sections on this page:
Create a transfer
On the Transfer page you can transfer funds between any accounts that the system lists in the From account and To account lists. Business Online offers two types of internal transfer options:
Transfer funds using a template
Use to transfer funds using a template.
Use to transfer funds between any account types.
Use to add an internal transfer to a batch.
Batch transfers
The system displays this section only when you add one or more internal transfers to a batch. Consequently, you can submit multiple internal transfers at one go for further processing.
In the Batch transfers section, the system displays the following information.
Template
Indicates the template (if any) associated with the transfer
From
The account number and either the nickname or type of account from which you are transferring the funds.
Note:
Depending on an account's security settings, Business Online may replace one or more characters in the account number with a masking character such as *.
To
The account number and either the nickname or type of account to which you want to send the funds.
Note:
Depending on your account's security settings, Business Online may replace one or more characters in the account number with a masking character such as *.
Amount
The amount that you want to transfer.
Date
The date on which the system completes the transfer.
Frequency
The recurrence
status for the transfer that you issued.
Weekly
indicates that the transfer occurs each week
Every two weeks
indicates that the transfer occurs every fourteen days
Twice monthly indicates that the transfer occurs twice monthly Monthly indicates that the transfer occurs each month Every two months indicates that the transfer occurs every two months Quarterly indicates that the transfer occurs every three months Every six months indicates that the transfer occurs every six months Annually indicates that the transfer occurs every twelve months One time indicates a one-time transfer
Description
The transaction description that you wrote when issuing a transfer.
Delete (Button)
The button that you can use to delete an internal transfer that you added in the Batch transfers section for further processing.
Submit batch (Button)
The button that you can use to submit multiple internal transfers at one go for processing.
Note:
The system processes the transactions in the order you add them to the batch.
Clear batch (Button)
The button that you can use to clear all the internal transfers that you added in the Batch transfers section for further processing.
Issued transfers
The Issued transfers section provides an overview of the fund transfers you initiated prior to the end of the processing day. Additionally, you can use this section to modify and delete issued fund transfers. The system displays the list of issued internal transfers on the Payments & transfers page only if you have access to one or more checking or savings accounts for the transfers that your financial institution has enabled.
To view issued internal transfers
On the Payments & transfers page, navigate to the Issued section. The system displays the issued internal transfers list.
Note:
To retrieve additional issued internal transfer details, click More internal transfers.
For each issued internal transfer, the system displays transfer information in the following columns:
Show Details
The
details of the transfer that you issued.
Issued date
indicates the date and time on which you scheduled the transfer
Issued by
indicates the name of the person who scheduled the transfer
Confirmation number indicates the confirmation number associated with the transfer Payment type indicates the loan payment type (for example, regular, principal, and interest) Reviewed by indicates the name (if any) of the person who reviewed the transfer Template indicates the template (if any) associated with the transfer Message indicates the message (if any) that you wrote when issuing the transfer
From
The account number and either the nickname or type of account from which you are transferring the funds.
Note:
Depending on an account's security settings, Business Online may replace one or more characters in the account number with a masking character such as *.
To
The account number and either the nickname or type of account to which you want to send the funds.
Note:
Depending on your account's security settings, Business Online may replace one or more characters in the account number with a masking character such as *.
Amount
The amount that you want to transfer.
Date
The date on which the system completes the transfer.
Frequency
The recurrence
status for the transfer that you issued.
Weekly
indicates that the transfer occurs each week
Every two weeks
indicates that the transfer occurs every fourteen days
Twice monthly indicates that the transfer occurs twice monthly Monthly indicates that the transfer occurs each month Every two months indicates that the transfer occurs every two months Quarterly indicates that the transfer occurs every three months Every six months indicates that the transfer occurs every six months Annually indicates that the transfer occurs every twelve months One time indicates a one-time transfer
Status
The
status of the transfer that you issued.
Pending The system displays this status when:
- The transfer is a recurring transfer
- An administrator approves the transfer
- The system auto-approves the transfer
Approved
The system displays this status when the client approves the transfer that you scheduled.
Client deleted
The system displays this status when the client deletes the transfer that you scheduled.
Client disapproved The system displays this status when the client disapproves the transfer that you issued. Disapproved The system displays this status when the current status of your transfer is client disapproved. Exceeds daily limit The system displays this status when the transfer you scheduled exceeds the daily limit. Exceeds threshold The system displays this status when the transfer you scheduled exceeds the threshold. Incomplete The system displays this status when you are yet to complete the transfer scheduling process. Insufficient funds The system displays this status when the funds in your account are insufficient to carry out the transfer that you issued. Minimum account balance The system displays this status when your account must have a minimum balance before the system enables you to schedule a fund transfer Pending administrator approval The system displays this status when the transfer you scheduled is waiting for the administrator approval. Pending approval The system displays this status when the transfer you scheduled is waiting for administrator approval. Pending client approval The system displays this status when the transfer you scheduled is waiting for the client approval. Pending supervisor approval The system displays this status when the transfer you scheduled is waiting for the supervisor approval. Unable to process The system displays this status when the system is unable to process the transfer that you scheduled.
Description
The transaction description that you wrote when issuing a transfer.
Edit (Button)
The button that you can use to edit an issued internal transfer.
Note:
The Edit button only displays when your financial institution allows it.
Delete (Button)
The button that you can use to delete an issued internal transfer.
Note:
The Delete button only displays when your financial institution allows it.
See Also:
Transfer funds using a template