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Overview

Book payments are free and instant fund transfers between two accounts under your organization. Common uses for book payments include:

  • Moving funds between two accounts that belong to the same end-customer.
  • Moving funds between two accounts that belong to different end-customers.
  • Moving funds from clearing accounts to end-customer accounts.
  • Moving funds from your organization's operational account to an end-customer account.

Once you create a book payment, Unit will process it instantly and free of charge. The result will be one Book Transaction in each account.

Note

The direction of book payment is always Credit, moving funds from account to counterpartyAccount.

Note

Book payments from wallets to deposit accounts are available, but book payments from deposit accounts to wallet accounts are not permitted at this time.