Transfer approval enables transfer in two steps: transfer request and transfer review. Assistant always needs approval from Owner or Admin, while Owner or Admin can request approval or make a transfer on their own.
Advantages of Transfer Approval:
Double Verification: Ensures outgoing payments are accurate and approved.
Task Delegation: In a business context, you can designate a team member, such as a financial manager or accountant, to oversee day-to-day finances and transactions, which will be under payment approval to ensure the preciseness of each transaction.