Create Internal Transfer
Internal transfers allow you to move funds between accounts within the Localpayment platform efficiently and securely. This guide walks you through the process of creating internal transfers, whether domestic or foreign.
Types of Internal Transfer?
Transfer funds between accounts within the same country and currency.
Send money across international borders between accounts holding the same currency.
Prerequisites
Before you begin, ensure you have:
Access Requirements
- Valid credentials for the Localpayment Dashboard
- User account with security settings permissions
Additional Requirements
- Sufficient balance in the source account
- Destination account with matching currency
Navigation Path
Side Menu → Settlement & Exchange → Internal Transfer → CreateStep-by-Step Guide
- Navigate to the Settlement & Exchange module.
- Select the Internal Transfer section.
- Then, select the Create section.
- In the Transfer Type field, select either Domestic or Foreign
- Choose a Country and a Client from the dropdown lists.
- Click the Operate button to proceed.
- Assign an External ID. This is a unique identifier for your internal tracking.
- Configure the destination in the TO section:
- Select the destination Account
The destination account must use the same currency as the origin account.
- If you selected Foreign transfer type, also select the destination Country
- Enter transaction details in the TRANSACTION INFORMATION section:
- Enter the transfer Amount
- Optionally, add a Comment for additional context
- Click the Continue button. A confirmation code will be sent to your registered email address.
- Enter the confirmation code and click the Operate button to complete the transfer. A success message will confirm the transaction.
Step 1
Navigate to the Settlement & Exchange module.
Need Help? If you have questions about this process or any other feature, our support team is here for you. We can assist with troubleshooting, integration planning, and optimization.
Updated 4 days ago