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Account Funding
Transactions
The Account Funding Transaction (AFT) enables the transfer of funds between a payment
card and another account, including other payment cards. When used independently, an AFT
can only transfer funds between accounts owned by the same person or business entity. An
AFT is not intended to pay for goods and services, fund a merchant account, or repay
debts.
IMPORTANT
You must receive approval from before using the AFT services. Contact to register in the AFT program.
AFT Transaction Types
The Account Funding Transaction (AFT) is a specific type of transaction that moves
funds from a Visa account to another Visa or non-Visa account. It is primarily used
for:
- Loading or topping up prepaid card accounts.
- Transferring funds into another financial account, such as a savings account.
- Acting as a funding source for person-to-person (P2P) money transfers.
- Loading third-party digital wallets.
You cannot use an AFT for purchasing goods or services or transferring funds to a
merchant account.
AFTs are the required transactions to load or top-up prepaid cards in all regions. An
AFT is the required pull transaction to be used for disbursing payroll funds, P2P or
me-to-me transactions, and pre-funding a customer's digital wallet in a
card-not-present environment. When used independently to fund another Visa or
non-Visa account, AFTs must be used only to fund an account belonging to the same
individual or entity holding the Visa account.
Reverse or Adjust AFT Transactions
You can reverse an AFT within the first 24 hours of the original transaction before
the transaction settles.
You can refund an AFT back to the sender's card within 30 days of the original AFT.
You cannot originate a refund if the original transaction is over 30 days old. The
system accepts a refund after the original AFT settles.
IMPORTANT
Issuers can manage AFT refunds as credit adjustments instead of posting the
transaction directly into the cardholder's account. Therefore, the time-frame
for when the cardholder should expect the refund will vary by issuer.