Wire Status Descriptions

Depending where a wire is in the transmit process, it is in one of the following statuses:

• Ready - The wire is created and ready to initiate sending funds to the receiving institution.

• Initiated - The wire has been sent and the process for transferring funds begins.

• Approval - The Approval status only displays if the wire requires dual approval.

  • Although the wire is initiated by an organization user, the wire moves to an Approval status because another organization user with permission must approve it. After the approval, the wire moves to an Initiated status.

• Processed - The wired funds have been deposited in the recipient’s account. In the wire details, a Transmitted date and Effective date display.

• Active - The wire is set to transmit on a future date or organization user defined frequency (weekly, monthly, etc.)

• Expired - A recurring wire that is past the organization user-defined end date.

• Suspended - A recurring wire from a disabled account.

• Denied - A wire transfer declined by the financial institution.

• Problem - There is an issue with the wire transfer.