Network transfers are Treasury Prime’s powerful solution for moving funds instantly between accounts across different banks within the OneKey Banking network. This guide will walk you through network transfers for your application.

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What are Network Transfers?

Network transfers enable efficient fund movement between accounts at the same or different banks within Treasury Prime’s banking network. Unlike traditional ACH transfers, which can take days, network transfers are processed in seconds. The funds are part of the account’s current balance and are synchronized with the available balance throughout the day.
Network transfers are currently available exclusively for clients utilizing Treasury Prime’s OneKey Banking platform.

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Key Benefits

  • Fast transfers: Move funds quickly across different banks
  • Unified API: Single interface for managing transfers across multiple financial institutions
  • Risk mitigation: Built-in redundancy across multiple bank partners
  • Scalability: Support uncapped deposit growth without changing providers

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How Network Transfers Work

Network transfers leverage Treasury Prime’s unified banking infrastructure to enable seamless fund movement:
  1. Authorization: You must have access to both source and destination accounts
  2. Transit accounts: Banks maintain transit accounts to facilitate fund movement
  3. Unified view: Single view of transactions across all bank partners

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Network Transfers vs Other Transfer Types

FeatureNetwork TransferBook TransferACH TransferWire Transfer
SpeedInstantInstant1-3 daysSame day
Cross-bank✅ Yes❌ No✅ Yes✅ Yes
CostLowLowestLowHigh
LimitsHighHighMediumHighest
AvailabilityOneKey Banking onlyAll banksAll banksAll banks
Network transfers require coordination with Treasury Prime and your bank partners to configure necessary transit and settlement accounts.