Update Internal Transfer

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An Internal Transfer is the movement of funds between financial accounts that exist within the same Space.
Unlike payouts or customer payments that cross external networks (banks, card schemes, or mobile money), an Internal Transfer happens entirely within Monime’s ledger.

It is the mechanism for shifting balances between accounts you own or manage, and it never leaves your organization’s financial boundary.

Use Cases

• Wallet Top-ups
  A customer wallet account can be funded by moving money from your master operational account.
  Example: A user adds SLE 1,000 to their app wallet. Your backend issues an Internal Transfer from your Operational Float to the user’s Wallet Account.

• Inter-Account Routing
  Businesses often separate funds for accounting clarity (e.g., “Card Collections,” “Mobile Money Collections,” “Bank Transfers”).
  Example: At the end of each day, you route all Mobile Money collections into a central Settlement Account.

• Internal Settlements
  Useful when multiple departments or sub-entities operate under one Space.
  Example: Subsidiary A owes Subsidiary B SLE 50,000. Instead of moving money through the banking system, you perform an Internal Transfer inside your Monime ledger.

• Float Management
  Fintechs maintain float across accounts to support disbursements.
  Example: If your Disbursement Account is running low, you move funds from your Collection Account to top it up before processing payouts.