Wires dashboard
Wires are separated by the account wiring the funds. For each account, wires appear in the Active, History, or Templates tab, depending on the wire's status.
Account
The Account field displays the account currently selected. The Active, History, and Templates tabs only display wires that are transferring funds from the selected account.
Use the Account field to select an account and view wires associated with the account.
Active
The Active tab displays wires that can be edited with the following statuses:
- Ready
- The wire is created and Ready to review and initiate sending funds to the recipient.
- Initiated
- The wire is sent and the process for transferring funds begins.
- Approval
- The Approval status appears if the wire requires a second organization user's approval.
- Processed
- The wired funds have been deposited into the recipient's account.
In the wire details, a Transmitted date and
Effective date appear:
- Transmitted date - The date the payment is initiated for remittance to the wire recipient.
- Effective date - The date that the recipient of a payment sees the transferred funds and the financial institutions on both sides of the transaction settle funds with one another.
- Next Day
- The wire was initiated after the cut-off time. During end-of-day processing, the wire status changes to Initiated.
- Active
- An Active wire is set to transmit on a future date or a recurring frequency.
- Expired
- An Expired wire is a recurring wire that has passed the user-defined end date.
- Suspended
- A Suspended wire is a recurring wire from an account that is no longer active.
- Denied
- The financial institution declined the wire transfer.
- Problem
- There is an issue with the wire transfer.
History
The History tab displays wires with a Processed status that cannot be edited or deleted.
Templates
The Templates list displays wires that are saved as a template. Wire templates do not display a status because they are always in the Ready state in SilverLake.
Wires saved to the templates list display a Templates tag in the Wire details. Any one-time wire that is initiated using a template has a From template tag.
Calendar
Organization users can use the calendar to see and select dates that had an Initiated wire.