Originating a Signet payment

All signet payments within Modern Treasury must originate from the internal_account representing the Signet wallet. The receiving account and direction are used to determine which Signet payment the created payment_order maps to. All Signet payments use USD as their currency.

For deposit and redeem payment orders, the receiving account must be an internal_account representing the linked DDA. For transfer payment orders, the receiving account can be either an internal_account or external_account, but must represent a Signet wallet.

See Payment Order Examples for examples of each Signet payment.

Signet Payment Type

Originating Account

Receiving Account

Direction

deposit

internal_account representing a Signet wallet

internal_account representing a Signature Bank DDA

debit

redeem

internal_account representing a Signet wallet

internal_account representing a Signature Bank DDA

credit

transfer (send)

internal_account representing a Signet wallet

internal_account or external_account representing a Signature wallet

credit

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Currently, only credit transfers are supported.


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