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Using Interbank transfer

For Interbank transfers, funds move from one account to another at the same bank. Interbank transfer is a way to eliminate check clearing float because unlike with interbank transfers, there is no wait time for intra-bank transfers.

You can add multiple instruments to a batch transaction created by using interbank transfer payment type and send it to financial institution for processing.

You can transfer funds using the required Interbank transfer package. Fusion Cash Management allows you to create an interbank transfer by:

Selecting payment type

Defining payment header

Specifying payment details

Verifying and submitting the payment

Where to go from here

Selecting payment type