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Tools & Resources

Section 4

Drawdowns


A drawdown is a request to send U.S. funds from a U.S. bank to your account at Key. It is a non-value service message. Generally speaking, the receiver of a drawdown request needs to have instructions and authorizations set up with their bank in order for the drawdown to be honored.

A positive response from the receiver of a drawdown, meaning they transfer the funds, will appear with all you other incoming wires in Key Total Treasury reporting. Key will notify you by phone if the drawdown is not honored or denied.

4.1 Creating One-Time Drawdowns on Key Total Treasury

From the Key Total Treasury home page, click on the “Wire” tab. Select “Create Drawdown”. Select “Domestic Drawdown”.

Complete the required fields. Click “Next” to proceed with the request or “Cancel” to return to the Create Drawdown screen.

If you selected “Next” an approval screen will be displayed. Click “Accept” to approve the template (or you can cancel or edit the instructions). After accepting the template, a “Confirmation” screen will appear. The confirmation screen will include the status of the wire. If you are using secondary authorizations, that action will need to be taken by another person before the drawdown request will be released.


From the confirmation screen you can:

  • Navigate to the “Main Page
  • Void” or delete the template (option available only if secondary authorization is being used)
  • Create Another Drawdown
  • Go to the “Status Report

4.2 Creating and Using Templates for Drawdown Requests on Key Total Treasury

Templates allow users to initiate drawdowns from pre-populated template screens without having to re-key information every time the drawdown request is sent.

NOTE: Templates require secondary approval before they can be used to initiate the wire. The second user, with approval rights on Key Total Treasury, must approve the templates via the Authorize Templates function on the main Wire tab. The second user can “Cancel”, “Edit”, “Void” or “Authorize”.

Template approval can be completed via KTT Mobile also.

4.3 Creating a Drawdown Template on Key Total Treasury

From the Key Total Treasury home page, click on the “Wire” tab. Select “Create Domestic Drawdown Template”.

Complete the required fields. You can refer to the “one-time drawdown” section above for details about drawdown fields.

Select “Next” to proceed with creating the drawdown template or “Cancel” to stop the process.

If you selected “Next” an approval screen will be displayed. Click “Accept” to approve the template (or you can cancel or edit the instructions). After accepting the template, a confirmation screen will appear.

From the confirmation screen you can

  • Navigate to the “Main Page
  • Void” or delete
  • Edit” the template
  • Create Another Template

NOTE: Templates require secondary approval before they can be used to initiate the wire. The second user, with approval rights on Key Total Treasury, must approve the templates via the Authorize Templates function on the main Wire tab. The second user can “Cancel”, “Edit”, “Void” or “Authorize”.

4.4 Using a Template to Create a Drawdown

After the template has been created and approved it can be used to initiate a drawdown. From the Key Total Treasury home page, click on the “Wire” tab. Select “Create Drawdown”. On the left hand side of the screen, enter the template number or select it from the template listing.

Complete the fields in the “References” section and click “Next” to proceed.

Minimum required fields are the “Amount” and the “Date to Transmit”.

NOTE: Key suggests that you print and store a copy of wire template details for phone initiation in the event that users are experiencing technical difficulties preventing access to Key Total Treasury.


Field Definitions

Credit Account – The account at Key that will be credited once the wire is received.

Debit Account Number – The account number at the other financial institution that will be debited when the drawdown request is honored, meaning the response wire is sent.