What is a payment order?

Payment orders are at the core of Modern Treasury and, put simply, a request to push or pull funds from one bank account to another. 

Payment orders that push funds from one of your accounts to another (whether internal or external) are credit payments. Payment orders that attempt to draw funds from an external account are debit payments. You can learn about which payment rails support credit and/or debit payments by viewing our How to Choose a Payment Rail article.