Can an external transaction be reconciled in two bank acconts

We would like to create an external transaction that represents a transfer from one bank account to a second bank account. We created the transaction in the receiving bank account, using that GL account combination for the Cash Account. We used the GL account combination tied to the sending bank account as the offset account in the external transaction. This transaction has been accounted to the GL. We have GL to CM Reconciliation enabled. However, the GL activity on the offset account combination does not carry back into Cash Management so that it can be