Transfer funds between sub-accounts
Beta
Last updated: July 31, 2026
In the Dashboard, you can transfer funds between sub-accounts in the same currency, or make foreign exchange (FX) transfers between sub-accounts in different currencies.
Note
The sending sub-account must have sufficient funds for the full transfer amount. If a transfer would cause a balance to go negative, the transfer fails.
Transfers are not available for sub-accounts with daily settlement frequency.
You can make same-currency transfers between sub-accounts of the same entity within the same region. Checkout.com does not charge a fee and transfers are processed instantly.
You must have one of the following user roles:
- Admin
- A custom role with the
Make transferspermission
- Sign in to the Dashboard.
- Go to Business account > Balances, and select Transfer funds.
- On the Transfer funds page, if you're in the client view, select the Entity you want to transfer funds for in the dropdown. If you're already in an entity view, go to the next step.
- Select the sending sub-account in the From dropdown, and the receiving sub-account in the To dropdown.
- Enter the amount to transfer.
The Dashboard validates in real time that the sending sub-account has sufficient funds. - Optionally, provide your Reference for the transfer.
- Select Continue.
- On the Transfer sent page that appears, select Done.
The transfer is completed and you're returned to the Balances page, which displays the updated balances.
Same-currency transfers are available with the following regional Checkout.com entities:
- Canada – Checkout Payment Systems Canada Inc.
- Europe – Checkout SAS
- Singapore – Checkout APAC Pte Ltd
- United Kingdom – Checkout Ltd
- United States – Checkout LLC
Each region supports the following currencies:
CADCanadian DollarUSDUS Dollar
To manage cashflow across your sub-accounts in the same entity, you can make FX transfers between them.
To make an FX transfer, you must:
- Have a non-daily settlement schedule, or have a balance minimum enabled alongside a daily settlement schedule.
- Have at least two active sub-accounts with different currencies.
- Initiate the transfer between 5:00 AM and 9:00 PM Greenwich Mean Time (GMT).
- Initiate the transfer on a business day for both the sending and receiving sub-account's currencies. Transfers cannot be sent on public holidays for either of the countries involved in the transfer, based on the currencies.
You can send a maximum of 1 million in the sending or receiving sub-account's currency per transfer.
Information
An FX markup rate applies, depending on your agreement with Checkout.com. For more information about your markup rate, contact your account manager or request support.
You must have one of the following user roles:
- Admin
- A custom role with the
Make transferspermission
- Sign in to the Dashboard.
- Go to Business account > Transfers, and select Transfer funds.
- On the Transfer details page, select the sending sub-account in the From dropdown, and the receiving sub-account in the To dropdown.
- Enter the amount you want the receiving sub-account to receive.
- The Dashboard validates in real time that the sending sub-account has sufficient funds.
- The FX rate for the transfer appears. The rate is confirmed for 90 seconds, and a timer counts down to when the rate is refreshed. If the rate expires, you're prompted to generate a new rate.
- To view the rate breakdown of the interbank exchange rate and our FX markup rate, open the FX rate dropdown.
- The Dashboard validates in real time that the sending sub-account has sufficient funds.
- Optionally, provide your Reference for the transfer.
- Select Continue.
- On the Review and confirm page, check the transfer details, and then select Confirm.
This page also displays the expected completion date and time, known as the value date. - In the Transfer sent window that appears, select Done.
The transfer is completed and you're returned to the updated Transfers page.
Note
If the balance of the sending sub-account falls below the required amount before the transfer is completed, the transfer fails.
FX transfers are available with the following regional Checkout.com entities:
- Europe – Checkout SAS
- United Kingdom – Checkout Ltd
A cut-off time for sending transfers applies per currency, which affects the processing period. The following currencies are supported, with their cut-off times:
| Currency | Cut-off time - Greenwich Mean Time (GMT) |
|---|---|
| 1:00 PM GMT |
| 1:00 PM GMT |
| 10:00 AM GMT |
| 1:00 PM GMT |
| 1:00 PM GMT |
| 10:00 AM GMT |
| 1:00 PM GMT |
| 10:00 AM GMT |
| 1:00 PM GMT |
Transfers are processed and available at 4:00 PM GMT on:
- The same day if sent before the cut-off time
- The following business day if sent after the cut-off time
An additional markup of 1.5% applies for transfers sent on weekends, which are outside standard FX trading hours.
To see an overview of transfers between sub-accounts, you must have one of the following user roles:
- Admin
- Read only
- Risk manager
- Support manager
- A custom role with the
View list of transferspermission
- Sign in to the Dashboard.
- Go to Business account > Transfers, and select the relevant transfer to view the Transfer details page.
The Transfer details page displays:
- The date the transfer was sent
- The expected value date
- The transfer's unique identifier
- The sending and receiving sub-accounts, with the relevant amounts
- The FX rate applied to the transfer
- Your reference for the transfer
The Transfers breakdown type appears in the Financial Actions by Date Range Report.