The “Draft” tab is a feature within the OFX platform that allows users to manage and organize payment drafts. It serves several important functions:

1. Create Payment Drafts: Users can initiate new payment drafts, allowing them to enter details such as recipient information, payment amount, currency, and any relevant notes without immediately submitting the transaction.

2. Edit Existing Drafts: The Draft tab enables users to modify previously created drafts. This includes updating payment amounts, changing recipient details, or adding additional notes before final submission.

3. Review Pending Payments: Users can view all saved drafts in one location, making it easy to track pending payments that are not yet submitted. This helps ensure that no payments are overlooked.

4. Save for Later Submission: Drafts can be saved for future completion, providing flexibility for users who may need more time to finalize payment details or await approvals.

5. Organize Payment Workflow: The Draft tab helps streamline the payment process by keeping all draft transactions organized, which aids in efficient payment management.

Why is this page important?
Understanding the functionality of the Draft tab is crucial for effective payment management. It enhances accuracy and ensures that all necessary checks are performed before funds are disbursed.

Next Steps

1. To review your drafts, do the following steps:

2. Log into your OFX account.

3. Navigate to "Payments".

4. Click on "Drafts" to filter all the draft payments. 

 

5. Regularly check the Draft tab to manage your pending payments effectively.

6. Utilize the features of the Draft tab to prepare and edit payment drafts as needed.

7. Contact customer support if you have questions about using the Draft tab efficiently.

 

Related FAQ Articles:

• What is a Draft Payment?