Transfers Overview

Qolo's transfer system enables secure movement of funds between accounts, cards, and external financial instruments. This guide introduces you to the core concepts and capabilities of our transfer system.

What are Transfers?

Transfers on the Qolo platform are secure transactions that move funds between different financial endpoints. These can include:

  • Account-to-account transfers
  • Account loads and unloads
  • Transfers to/from external bank accounts
  • Transfers to/from external Cards

Transfer Components

1. Source and Destination

Every transfer requires:

  • A valid source of funds
  • A designated destination
  • Appropriate permissions for both endpoints

2. Transfer Types

Common transfer types include:

TypeDescription
ACCOUNTTOACCOUNTInternal account transfers to move funds from one Qolo account to another.
PARTNERTOCARDTransfer funds from the client funding account to an account through a Qolo card reference.
CARDTOPARTNERTransfer funds from an a Qolo account (referenced through a card) back to the client funding account.
CARDTOPARTNER_UNLOADTOZEROTransfer entire funds from an a Qolo account (referenced through a card) back to the client funding account.
ACCOUNTTOBANKSend funds from a Qolo account to an external bank associated with the same Person.
BANKTOACCOUNTPull funds to a Qolo account from an external bank associated with the same Person.
ACCOUNTTOCCDCMove funds from a Qolo account to an external credit/debit card.
CCDCTOACCOUNTAdd funds to a Qolo account from an external credit/debit card.

Best Practices

  1. Validation

    • Verify account status before transfers
    • Validate transfer amounts
    • Check processing windows
  2. Error Handling

    • Implement retry logic
    • Monitor transfer status
    • Process failure notifications
  3. Reconciliation

    • Track all transfers
    • Maintain audit logs
    • Regularly reconcile accounts

Next Steps

Need Help?

Contact our support team for:

  • Implementation guidance
  • Technical assistance
  • Account configuration
  • Custom solutions

Related Resources