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

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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.

StateFunds InFunds Out
Active
Inactive
Frozen
Closed

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