# Initiate a SEPA transfer **POST /v2/transfers** This endpoint allows you to initiate a SEPA transfer from your account. ## Servers - Production: https://api.memo.bank (Production) - Sandbox: https://api.sandbox.memo.bank (Sandbox) ## Authentication methods - Jwt ## Parameters ## Body parameters Content-type: application/json - **amount** (integer(int64)) Amount of the transfer, in cents. The currency is always EURO. - **beneficiary_name** (string) Name of the beneficiary. Will be used to create the beneficiary if one doesn't already exist with the same `beneficiary_iban`, will be ignored otherwise. If you know the beneficiary exists, you don't need to provide a name here. - **beneficiary_address** (object) Address of the beneficiary. Will be used to create the beneficiary if one doesn't already exist with the same `account_identifier`, will be ignored otherwise. - **beneficiary_iban** (string) IBAN of the beneficiary. Note that when you perform a transfer between your own accounts, you can't use a virtual IBAN. - **local_iban** (string) Existing IBAN to be used as the source of the transfer. Can be the main IBAN of an account or a virtual IBAN. Note that when you perform a transfer between your own accounts, you can't use a virtual IBAN. - **type_strategy** (string) Determines whether to use an instant transfer (available in a few seconds on the beneficiary account), or a standard transfer (1-3 business days). By default, use an instant transfer if available for the given beneficiary, use a standard transfer otherwise. - **scheduled_date** (string(date)) The ISO8601 formatted date on which the transfer will be executed. This date must not be in the past. If not set, the transfer is executed immediately. Setting this date is incompatible with `instant_only` strategy. - **message** (string) Message attached to this transfer, visible to all involved parties. - **end_to_end_id** (string) Unique identification to unambiguously identify the transaction. This identification is passed on, unchanged, throughout the entire end-to-end chain. It can be used for reconciliation or to link tasks relating to the transaction. - **internal_note** (string) Internal note attached to this transfer, visible only in your Memo Bank workspace. - **custom_id** (string) Custom identifier that will be attached to the transaction resulting from this transfer. It will not be transmitted nor visible in your Memo Bank workspace. It can only be retrieved or used to search for transactions via Memo Bank API. - **custom_metadata** (string) Custom metadata that will be attached to the transaction resulting from this transfer. It will not be transmitted nor visible in your Memo Bank workspace and can only be retrieved via API. ## Responses ### 200: OK #### Body Parameters: application/json (object) - **id** (string(uuid)) ID of the transfer - **reference** (string(uuid)) Unique reference, can be used to correlate with the resulting Transaction. - **amount** (integer(int64)) Amount of the transfer, in cents. - **currency** (string) Currency of the amount, in ISO 4217 format. - **local_iban** (string) IBAN used as a source of the transfer. It can be the main IBAN of an account or a virtual IBAN. - **account_id** (string(uuid)) ID of the account this transfer belongs to, it can be missing while we process it according to the local IBAN. - **beneficiary_iban** (string) IBAN of the beneficiary. - **transfer_type** (string) Type of the transfer. If the type strategy is `instant_if_available`, it can be missing while we determine the appropriate type. - **type_strategy** (string) Strategy used when creating the transfer. - **status** (string) Current status of the transfer. - **failure_code** (string) Code that represents the failure reason when the transfer has failed: - `insufficient_funds`: Not enough funds on your account to execute the transfer. - `instant_transfer_not_available`: The beneficiary can not receive instant transfers. - `invalid_beneficiary_iban`: The beneficiary's IBAN is invalid. - `unreachable_beneficiary_iban`: The beneficiary is unreachable for the given transfer type. - `maximum_amount_exceeded`: The transfer amount exceeds the limit. - `beneficiary_bank_account_closed`: The beneficiary's bank account is closed. - `beneficiary_bank_error`: The beneficiary's bank sent us an error. - `beneficiary_bank_invalid_bank_details`: The beneficiary's bank account does not exist or no longer exists. - `beneficiary_bank_refusal`: The beneficiary's bank has refused the transfer. - `intermediary_system_error`: The interbank network sent us an error. - `memo_error`: Something went wrong on our side. - `memo_refusal`: We had to reject the transfer. - `execution_failure`: Other or undefined pre-settlement execution failures. The following codes can only be present on transfers initiated as part of a bulk. When initiating a single transfer, those codes will be returned as an error response and the transfer won’t be created at all: - `current_account_not_found`: The provided local IBAN does not exist. - `transfer_to_same_account`: The transfer cannot credit the debtor account. - `transfer_to_owned_account_with_virtual_iban`: A virtual IBAN cannot be used to transfer between your accounts. - `transfer_from_saving_account_to_external_beneficiary`: You cannot transfer money to external beneficiaries from the Booster account. - `missing_new_beneficiary_name`: The beneficiary does not exist and the name was not provided. - `new_beneficiary_is_owned_iban`: The beneficiary does not exist and is one of your IBAN. - **scheduled_date** (string(date)) Date on which the transfer was scheduled, if any. - **message** (string) Message attached to this transfer, visible to all involved parties. - **end_to_end_id** (string) Unique identification to unambiguously identify the transaction. This identification is passed on, unchanged, throughout the entire end-to-end chain. It can be used for reconciliation or to link tasks relating to the transaction. - **internal_note** (string) Internal note attached to this transfer, visible only in your Memo Bank workspace. - **custom_id** (string) Custom identifier attached to the transaction resulting from this transfer. It is not transmitted nor visible in your Memo Bank workspace. It can only be retrieved or used to search for transactions via Memo Bank API. - **custom_metadata** (string) Custom metadata attached to the transaction resulting from this transfer. It is not transmitted nor visible in your Memo Bank workspace and can only be retrieved via API. - **return_transaction_id** (string(uuid)) If the transfer is returned, ID of the corresponding credit transaction.. [Powered by Bump.sh](https://bump.sh)