Deposit Transaction Type

Cash

Cash deposit is to deposit an amount of money into a person's bank account through an electronic transfer, ATM or in person with a bank teller. They are usually put into money market, checking or savings accounts. On the Acceleration Cloud platform, it is available to deposit cash from the Vendor Account to the managed Sub Account.

Check

A check is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. For some payments that are paid in check, the payee shall print the electronic check received, scan it and then deposit it to his own account. On the Acceleration Cloud platform, it is available to deposit Checks from the Vendor Account to the managed Sleeve Account.

EFT

Electronic Fund Transfer (EFT) refers to the transfer of funds via electronic channels and allows intra-bank and inter-bank transfers in a time-saving and cost-effective manner. On the Acceleration Cloud platform, it is available to pull money into the managed Sub Account by sending an ACH request from the Vendor’s bank.

Bank Wire

Bank wire refers to the electronic funds transfer between banks domestically. On the Acceleration Cloud platform, it is available to pull money into the vendor's managed Sub Account through bank wire.

International Wire

An international wire transfer (also known as an "international bank wire") is a type of bank transfer that delivers funds from a bank account in one country to a recipient bank account in another country via SWIFT. On the Acceleration Cloud platform, it is available to pull money into the vendor's managed Sub Account through internaltional wire.