Account funding

Add money to a Swan account using SEPA Direct Debit B2B or credit transfers, and track funding sources, payment mandates, and account verification.

Account funding is adding money to your Swan account. You might use account funding if it's the first time you're sending money to your Swan account, or if you'd like to fund your Swan account on a recurring basis from an account at another financial institution.

A funding source carries three statuses that move together: the funding source itself, its payment mandate, and account verification. See interaction between statuses for the full sequence.

In this section

1

Funding sources

Choose SEPA Direct Debit B2B or credit transfers, and track source status.

2

Payment mandates

The account holder authorizes Swan to pull funds.

3

Account verification

Swan confirms access to the external account.

4

Statuses

The three status machines: source, mandate, and verification.

5

Interaction between statuses

How the three statuses move together.

6

Settlement and cancelation

When funds book, how to schedule, and how to cancel.

7

Rolling reserve

Funds are reserved for three business days after booking.