Current status of the ach payment transfer: created, rejected, processing, failed, completed, pending, canceled, or returned.

An outbound transfer is: created if pre-checks are passed. Pre-checks may determine the transaction is rejected. When the transaction is sent to the network it is then processing. If the transaction fails network checks it will become failed. The transaction will become completed when the funds are posted to the recipient. The transaction will become pending when the message is received by still processing. The status is set to returned if the transfer was returned.

An inbound transfer is: created when an incoming credit transfer is received from the network. It is rejected if Trice rejected the transaction. The transaction is processing when the accepted transaction is awaiting confirmation from the network. If the transaction fails network checks it will become failed. The transaction will become pending when the message was received by still processing. The transaction will become canceled if the message was never sent for processing. The status is set to returned if the transfer was returned.