diff --git a/conservancy_beancount/plugin/meta_approval.py b/conservancy_beancount/plugin/meta_approval.py
index 8bc8d97..416e23d 100644
--- a/conservancy_beancount/plugin/meta_approval.py
+++ b/conservancy_beancount/plugin/meta_approval.py
@@ -47,7 +47,7 @@ class MetaApproval(core._RequireLinksPostingMetadataHook):
             # In this case, debits_sum keeps a running tally of how much is
             # moving in each direction, and we'll return True if it ends up over
             # the payment threshold.
-            elif post.is_payment(0) or post.account.is_credit_card():
+            elif post.account.is_cash_equivalent() or post.account.is_credit_card():
                 debits_sum -= post.units.number or 0
         return debits_sum > self.payment_threshold
 
diff --git a/tests/test_meta_approval.py b/tests/test_meta_approval.py
index 2bc883c..da0d7f5 100644
--- a/tests/test_meta_approval.py
+++ b/tests/test_meta_approval.py
@@ -156,3 +156,21 @@ def test_approval_not_required_to_pay_credit_card(hook):
         (CREDITCARD_ACCOUNT, 25),
     ])
     assert not list(hook.run(txn))
+
+def test_approval_not_required_for_asset_transfers(hook):
+    txn = testutil.Transaction(postings=[
+        ('Assets:Checking', -250, {'tax-implication': 'Bank-Transfer'}),
+        ('Assets:Savings', 250),
+    ])
+    assert not list(hook.run(txn))
+
+def test_approval_required_for_partial_transfer(hook):
+    # I'm not sure this ever comes up in reality, but just being thorough
+    # out of an abundance of precaution.
+    txn = testutil.Transaction(postings=[
+        ('Assets:Checking', -250, {'tax-implication': 'Bank-Transfer'}),
+        ('Assets:Savings', 225),
+        ('Expenses:BankingFees', 25),
+    ])
+    actual = {error.message for error in hook.run(txn)}
+    assert actual == {"Assets:Checking missing {}".format(TEST_KEY)}