In plain English
Money starts in this account before it moves elsewhere. It is the account the funds are taken from when a payment or transfer happens.
In context
Here, it identifies the account that the money for the payment or transfer will come from.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels the account funds will come from.
Meaning limits
The term by itself does not indicate who owns the account or any details beyond its role as the money's starting point.
Examples
“In the transfer from the joint account to the holiday fund, the joint account was the source account.”
“She entered the business account as the source account for the payment.”