Account states

What state can an account be in and how does this affect the flow of funds

Overview

Accounts have four possible states:
Active
Inactive
Frozen
Closed

The states and their interactions are illustrated in the following diagram.

16001600

Account state fund flows

📘

Note

The frozen state can only be set by Bond compliance.

Different states have different rules for moving money. For example, I might deactivate my account when on vacation, but I don't want my payroll to bounce, so for Inactive Accounts, funds can come in but they cannot go out.

State

Funds In

Funds Out

Active

Inactive

Frozen

Closed


Did this page help you?