diff --git a/api/Controllers/TransfersController.cs b/api/Controllers/TransfersController.cs
index 18ac7ff..7998fb1 100644
--- a/api/Controllers/TransfersController.cs
+++ b/api/Controllers/TransfersController.cs
@@ -39,6 +39,42 @@ public IActionResult Create([FromBody] TransferRequestCreate req)
         });
     }
 
+    [HttpPut("{transferId}")]
+    public IActionResult Update(Guid transferId, [FromBody] TransferRequestUpdate req)
+    {
+        // transfer exists
+        if (!_transferProvider.TransferExists(transferId))
+            return NotFound(new { message = $"Transfer not found for id {transferId}" });
+
+
+        // check if transfer is completed
+        if (_transferProvider.IsTransferCompleted(transferId))
+            return Conflict(new { message = $"This transfer has already been completed. Updates to a completed transfer are not allowed." });
+
+
+        Transfer? updatedTransfer = _transferProvider.Update(transferId, req);
+        return Ok(new
+        {
+            message = "Transfer updated!",
+            created_transfer = new TransferResponse
+            {
+                Id = updatedTransfer.Id,
+                Reference = updatedTransfer.Reference,
+                TransferFromId = updatedTransfer.TransferFromId,
+                TransferToId = updatedTransfer.TransferToId,
+                TransferStatus = updatedTransfer.TransferStatus.ToString(),
+                Items = updatedTransfer.TransferItems?.Select(ti => new TransferItemDTO()
+                {
+                    ItemId = ti.ItemId,
+                    Amount = ti.Amount,
+                }).ToList(),
+                CreatedAt = updatedTransfer.CreatedAt,
+                UpdatedAt = updatedTransfer.UpdatedAt,
+            }
+        });
+    }
+
+
     [HttpDelete("{transferId}")]
     public IActionResult Delete(Guid transferId)
     {
@@ -66,7 +102,7 @@ public IActionResult Delete(Guid transferId)
         });
     }
 
-    [HttpPut("{transferId}")]
+    [HttpPut("{transferId}/commit")]
     public IActionResult CommitTransfer(Guid transferId)
     {
         Transfer? commitedTransfer = _transferProvider.CommitTransfer(transferId);
diff --git a/api/DTOs/TransferDTO.cs b/api/DTOs/TransferDTO.cs
index 52962cb..b600d6a 100644
--- a/api/DTOs/TransferDTO.cs
+++ b/api/DTOs/TransferDTO.cs
@@ -17,6 +17,26 @@ public class TransferRequestCreate : BaseDTO
     public List<TransferItemDTO>? Items { get; set; }
 }
 
+[ApiExplorerSettings(IgnoreApi = true)]
+public class TransferRequestUpdate : BaseDTO
+{
+    [JsonPropertyName("reference")]
+    public string? Reference { get; set; }
+
+    [JsonPropertyName("transfer_from_id")]
+    public Guid? TransferFromId { get; set; }
+
+    [JsonPropertyName("transfer_to_id")]
+    public Guid? TransferToId { get; set; }
+
+    [JsonPropertyName("transfer_status")]
+    [JsonConverter(typeof(JsonStringEnumConverter))]
+    public TransferStatus TransferStatus { get; set; }
+
+    [JsonPropertyName("items")]
+    public List<TransferItemDTO>? Items { get; set; }
+}
+
 public class TransferItemDTO()
 {
     public Guid? ItemId { get; set; }
diff --git a/api/Program.cs b/api/Program.cs
index 9873e76..56a47ce 100644
--- a/api/Program.cs
+++ b/api/Program.cs
@@ -4,6 +4,7 @@
 using Microsoft.AspNetCore.Authentication.JwtBearer;
 using Microsoft.IdentityModel.Tokens;
 using Microsoft.OpenApi.Models;
+using System.Text.Json.Serialization;
 
 var builder = WebApplication.CreateBuilder(args);
 
@@ -133,7 +134,8 @@
 
 
 
-builder.Services.AddControllers();
+builder.Services.AddControllers().AddJsonOptions(options =>
+ options.JsonSerializerOptions.Converters.Add(new JsonStringEnumConverter())); ;
 
 var app = builder.Build();
 
diff --git a/api/REST/Transfers.rest b/api/REST/Transfers.rest
index 2d5dc81..9f5e130 100644
--- a/api/REST/Transfers.rest
+++ b/api/REST/Transfers.rest
@@ -30,11 +30,29 @@ Content-Type: application/json
 }
 ###
 
+### UPDATE TRANSFER
+PUT http://localhost:5000/api/transfers/586f80b3-c631-4160-be01-7ecc7e3777a6
+Content-Type: application/json
+
+{
+  "transfer_from_id": "5aeb7004-fd10-4dab-82f3-05216ff3df4d",
+  "transfer_to_id": "5aeb7004-fd10-4dab-82f3-05216ff3df7c",
+  "reference": "TST-0273",
+  "transfer_status": "Processing",
+  "items": [
+    {
+      "itemId": "d91369f6-af0a-4b45-9b23-ec263a6f2556",
+      "amount": 50
+    }
+  ]
+}
+###
+
 ### DELETE TRANSFER
 DELETE http://localhost:5000/api/transfers/7fcf22de-edd6-423c-a371-a4e9cc9d0f1b
 Content-Type: application/json
 
 ### COMMIT TRANSFER
-PUT http://localhost:5000/api/transfers/7fcf22de-edd6-423c-a371-a4e9cc9d0f1b
+PUT http://localhost:5000/api/transfers/7fcf22de-edd6-423c-a371-a4e9cc9d0f1b/commit
 Content-Type: application/json
 ###
\ No newline at end of file
diff --git a/api/abstracts/BaseModel.cs b/api/abstracts/BaseModel.cs
index 007046e..294e08b 100644
--- a/api/abstracts/BaseModel.cs
+++ b/api/abstracts/BaseModel.cs
@@ -19,8 +19,9 @@ public BaseModel(bool newInstance = false, bool isUpdate = false)
 
     public virtual void SetTimeStamps()
     {
-        CreatedAt = DateTime.UtcNow;
-        UpdatedAt = DateTime.UtcNow;
+        DateTime now = DateTime.UtcNow;
+        CreatedAt = now;
+        UpdatedAt = now;
     }
 
     public virtual void SetUpdatedAt()
diff --git a/api/providers/TransfersProvider.cs b/api/providers/TransfersProvider.cs
index ad7c19d..70d07f4 100644
--- a/api/providers/TransfersProvider.cs
+++ b/api/providers/TransfersProvider.cs
@@ -49,6 +49,32 @@ public TransferProvider(AppDbContext db, IValidator<Transfer> validator, Locatio
         return newTransfer;
     }
 
+    public override Transfer? Update(Guid id, BaseDTO updatedValues)
+    {
+        TransferRequestUpdate? req = updatedValues as TransferRequestUpdate;
+        if (req == null) throw new ApiFlowException("Could not process update transfer request. Update failed.");
+
+        Transfer? foundTransfer = GetById(id);
+        if (foundTransfer == null) throw new ApiFlowException("Could not update transfer.", StatusCodes.Status404NotFound);
+
+        foundTransfer.Reference = req.Reference;
+        foundTransfer.TransferFromId = req.TransferFromId;
+        foundTransfer.TransferToId = req.TransferToId;
+        foundTransfer.TransferStatus = req.TransferStatus;
+        _db.TransferItems.RemoveRange(foundTransfer.TransferItems);
+        foundTransfer.TransferItems = req.Items?.Select(reqItem => new TransferItem(newInstance: true)
+        {
+            Id = Guid.NewGuid(),
+            ItemId = reqItem.ItemId,
+            Amount = reqItem.Amount
+        }).ToList();
+
+        ValidateModel(foundTransfer);
+        SaveToDBOrFail();
+
+        return foundTransfer;
+    }
+
     public override Transfer? Delete(Guid id)
     {
         Transfer? foundTransfer = GetById(id);
@@ -167,5 +193,8 @@ public TransferProvider(AppDbContext db, IValidator<Transfer> validator, Locatio
         return _itemsProvider.GetById((Guid)itemId);
     }
 
+    public bool IsTransferCompleted(Guid transferId) => _db.Transfers.Any(t => t.Id == transferId && t.TransferStatus == TransferStatus.Completed);
+    public bool TransferExists(Guid transferId) => _db.Transfers.Any(t => t.Id == transferId);
+
     protected override void ValidateModel(Transfer model) => _transferValidator.ValidateAndThrow(model);
 }
\ No newline at end of file