The following endpoint is currently only available for clients utilizing Treasury Prime's OneKey Banking.
Network transfers facilitate the transfer of funds between two accounts, where the accounts can sit at the same or different banks when you are utilizing Treasury Prime’s OneKey Banking. You must be authorized to access both the source account and the destination account in order for the transfer to be successful.
Network transfers are most similar to book transfers. The main difference between a network transfer and a book transfer is that network transfers allow you to move funds in mostly real time between two accounts at the same or separate banks within your banking network, whereas the accounts in a book transfer must be at the same bank.
To set up network transfers, you may be required to work with Treasury Prime and your bank partners to help configure the necessary reserve and settlement accounts at each partner bank. You may be required to enable additional payment rails to be eligible to activate network transfers. The funds in these reserve accounts are used to support the network transfers system.