What are the default drawdown statuses in Procore Pay?
Background
Answer
A Fedwire Drawdown is a drawdown request that authorizes Goldman Sachs Transaction Banking (TxB) to withdraw funds from your funding account to fund the disbursement. When viewing the details of a disbursement in the Company level Payments tool, you can see the drawdown status for the disbursement.
Drawdown Status
This table details Procore's default statuses for disbursements. To learn more, see Create Disbursements.
Status | Definition |
---|---|
The funding request for the payment(s) in the disbursement is complete. | |
The funding request has failed. | |
The funding request is complete and Goldman Sachs (TxB) is evaluating the payouts. |