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.
![account states.png 1600](https://files.readme.io/4b2f9d2-account_states.png)
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 | ❌ | ❌ |
Updated almost 2 years ago
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