---
title: "Transfer Types and Currencies"
slug: "transfer-types-and-currencies"
updated: 2026-07-08T14:20:45Z
published: 2026-07-08T14:20:45Z
canonical: "www.documentation.paynetics.digital/transfer-types-and-currencies"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://www.documentation.paynetics.digital/llms.txt
> Use this file to discover all available pages before exploring further.

# Transfer Types and Currencies

### Transfer Types

Paynetics supports three primary transfer types.

#### Internal Transfers

Internal transfers move funds between accounts within the Paynetics platform.

- Supported currencies: EUR, GBP, USD
- Executed in real time
- Can be initiated using Balance Token, IBAN, or Account number (where available)

Internal transfers are used for funding, settlement, and internal reconciliation flows.

#### Inbound Transfers

Inbound transfers credit a Paynetics account from an external financial institution.

Supported currencies and rails:

- **EUR**: SEPA and SEPA Instant
- **GBP**: Faster Payments and CHAPS
- **USD**: SWIFT
- **BGN**: BISERA

Inbound transfers can be received in two ways:

- directly to a balance with a dedicated IBAN or account number,
- via a Paynetics bulk IBAN or account number, using the **balance token** as a reference to route funds correctly.

* Dedicated IBANs are not supported for consumer USD balances. Business USD accounts can receive inbound SWIFT transfers but cannot send them.

#### Outbound Transfers

Outbound transfers send funds from a Paynetics account to an external beneficiary.

- Supported currencies: EUR, GBP, BGN
- Outbound transfers require a balance with a dedicated IBAN or account number
- Transfers can only be sent in the currency of the balance

Outbound transfers are subject to scheme-specific execution times and cut-off rules and are not always processed in real time.

A **Balance** represents an amount of funds held in a specific currency within an account.

An account may have multiple balances, typically one per supported currency. Balances are assigned payment identifiers such as IBANs or account numbers, depending on the currency.

All monetary operations reference a **balance token**, which is used in API calls to debit or credit funds, perform transfers, or apply fees.

**Tokens** are unique identifiers used throughout the Paynetics platform to securely reference objects.

Tokens exist for instances, programs, accounts, balances, cards, merchants, and transactions. They are mandatory in API calls and ensure secure identification without exposing sensitive data, accurate routing of operations, and consistent handling across services.

For example, a balance token specifies which funds are debited or credited, a card token identifies the card used in a transaction, and a merchant token links activity to a specific merchant.

An **Account** is a payment or e-money account used to hold funds and execute transactions.

Accounts are created under a specific instance and program and are associated with either a user or a merchant. They provide the logical structure under which balances, cards, and transactions are organised.

Common account purposes include:

- executing card payments and transfers
- holding settlement funds
- pre-funding services such as OCT

An account acts as a container for balances rather than holding funds directly.