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Introduction

A bank transfer is the movement of funds from one account to another. At Treezor, we refer to Transfers as movements between Wallets and external accounts.

Depending on the funds source and destination and depending on who initiates the fund movement, different solutions and endpoints will be used for transfers. All these movements send webhooks.

Types of transfers

SEPA Transfers Relations

From wallet to external account

Funds movements from wallets to external accounts use the SEPA network and are mapped as Payout objects. They are classified as follows:

  • SCTE when initiated by the sender
  • SDDR when initiated by recipient

From external account to wallet

Funds movement from external accounts to wallets use the SEPA network and are mapped as Payin objects. They are classified as follows:

  • SCTR when initiated by the sender
  • SDDE when initiated the recipient
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Tip – Wallet-to-Wallet Transfers are also available

These transfers do not use the SEPA network, are almost instantaneous and can take place 24/7/365. Learn more in the Wallet-to-Wallet Transfers article.

Endpoints

EndpointDescription
/v1/payinsReceive funds using the SEPA network (SDDE and SCTR)
/v1/payoutsSend funds using the SEPA network (SDDR and SCTE)
/v1/beneficiariesManage Beneficiaries
/v1/mandatesManage Mandates
/v1/recallRsHandle SEPA Recall requests
/core-connect/payouts/{payoutId}/proofGenerate a proof of payout