Attempt to initiate a Transfer between two Synthetic Accounts. Before the Transfer will be initiated, several checks will be performed to ensure there is sufficient balance in the source account and that the initiating Customer has all the necessary access to both Synthetic Accounts. Depending on the Synthetic Account Types involved and the Program configuration, a new Transfer could complete instantly or take as many as 6 business days.
Note that master asset Synthetic Accounts cannot be used for Transfers. The Synthetic Accounts allowed in a Transfer request are:
between two liability Synthetic Accounts in the general or the target_yield_account category
between a liability Synthetic Account in the general or the target_yield_account category and a Synthetic Account in the external / plaid_external / mx_external category
from a liability Synthetic Account in the general or the target_yield_account category to a Synthetic Account in the outbound_ach category
Secondary customer accounts cannot be used for transfers.
Note: Even when KYC status is 'identity_verified', the checking product status needs to be 'active' in order for the synthetic account to be used. An MQ event is sent to the Customer topic upon successful activation. Please see here: Customer Statuses and Services