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transfer in progress

A transfer in progress is the status of a transfer of money that has been started and is still being processed but has not yet been completed.

In plain English

This means the movement of money has already begun. The transfer is still being processed and is not finished yet.

In context

Here, it reports that the money transfer has been started and is still being processed rather than completed.

Situation
Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
What it communicates
Reports a transfer as currently being processed.

Meaning limits

By itself, this status does not establish when the transfer will be completed.

Examples

“By evening, the tuition payment was still a transfer in progress rather than a completed transfer.”

Core meaning

“When Marta checked the refund, her account showed it as a transfer in progress.”

In context