Account states

Overview

Accounts have four possible states:

• Active
• Inactive
• Frozen
• Closed

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

Account state fund flows

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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.