Account movements

You can transfer funds between accounts within MAS, including movements between accounts in the same currency or across different currencies, subject to exchange rates.

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The source account must contain enough available funds to complete the account movement.

Depending on the configured workflow and user permissions, you can either submit account movements for approval or process the transfer immediately.

Required permissions

To perform an account movement, users require the following permissions:

• Manage account movements
• Create account movements

Creating a new account movement

1. In MAS go to Money out > Account Movements.
2. Select New Movement.
3. Select the Source Account from the dropdown list.
4. Enter the Source Amount you want to transfer.
5. Select the Destination Account from the dropdown list.
6. Review the Destination Amount calculated using the exchange rate.
7. Enter a Payment Reference to identify the account movement purpose. Example: Carrier Claims Funding Apr2026
8. Enter a Merchant Reference for reconciliation and auditing purposes, or to link the account movement to another internal process, case or system record.
   Example: CCF-APR26-0001
9. Enter a Narrative to provide additional context for the account movement.
   Example: Transfer of EUR funds from 2025 syndicate account to 2026 carrier claims account
10. Review the movement summary and exchange rate details displayed at the bottom of the screen.
11. Depending on your permissions and workflow configuration:
    • Select Save for Approval to submit the movement for approval, or
    • Select Save and Execute to process the movement immediately,