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Weavr API

Correspondent bank transfers

Correspondent bank transfers allow financial institutions to initiate wire transfers on behalf of originators (third parties). These transfers comply with travel rule requirements by capturing and transmitting originator information.

Correspondent bank transfers let an eligible financial institution send funds from a managed account on behalf of another person or business. Unlike a normal outgoing wire transfer, the originator is a third party rather than the managed account holder.

Supply the originator and beneficiary information required by the travel rule, then retrieve the transfer to follow its status. This capability must be enabled for your program before it can be used.

Read the transactions overview for how external payments fit into the movement of funds.