How does the transfer approval flow work?
The transfer approval flow in the Statrys Business Account works as follows:
- Both Transaction Approvers and Transaction Makers can prepare transfers anytime, even under specific conditions such as FX threshold limit reached, insufficient balance, or FX transactions outside office hours.
- The Transaction Maker can prepare transfers for later approval and can cancel their own transfers if necessary.
- Pending transfers are visible on the “Transfers” tab and are notified to Transaction Approvers through email notifications.
- The Transaction Approver can prepare transfers for immediate or future execution and has the authority to approve or cancel any pending transfers.
This process ensures flexibility and efficiency in managing transfers while maintaining secure approval workflows within the Statrys Business Account.