- Originated: when a transaction is created.
- Pending: when a transaction is waiting to be sent to the bank.
- Clearing: when a transaction has been sent to the bank in the FedWire/MT103 file or via an API.
- Cleared: when the bank has processed the transaction and given Solid the IMAD/OMAD number. The IMAD/OMAD number is a unique number used to locate the transaction if required.
- Settled: when a transaction is marked as settled to indicate the completion of the wire transaction.
- Returned: when the originated wire transaction is returned by the RDFI.
1. Domestic Wire
Steps to originate a Domestic Wire transaction:1
Create Counterparty
Via the Dashboard or the API, Create a Counterparty with the beneficiary account details in the
domestic_wire
sub-object.2
Originate a Domestic Wire Transaction
Via the Dashboard or the API, Originate a Domestic Wire
3
Pass Parameters
Pass the necessary parameters (originating sub_account_id, counterparty_id, amount) and other optional parameters as needed.
Congratulations, you have now successfully Originated a Domestic Wire transaction!
2. International Wire
Steps to originate an International Wire transaction:1
Create Counterparty
Via the Dashboard or the API, Create a Counterparty with the beneficiary account details in the
international_wire
sub-object.2
Originate an International Wire Transaction
Via the Dashboard or the API, Originate an International Wire
3
Pass Parameters
Pass the necessary parameters (originating sub_account_id, counterparty_id, amount) and other optional parameters as needed.
Congratulations, you have now successfully Originated an International Wire transaction!