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Withdraw Funds to Your Bank Account

To withdraw funds, you'll first need to enter your banking information and have it verified by impact.com. You'll need a bank account in a country impact.com supports to receive EFT funds and understand the limitations of using an intermediary bank.

Update your banking information

Warning: Whenever you change or update your banking information, this triggers a payment verification process which may delay your next payout. Learn more about minimizing the impact of the delay.

  1. From the left navigation menu, select [Menu] [Menu] → Settings.

    • Alternatively, for Creator accounts, in the upper-right corner, select [User] [User profile] → Settings.

  2. Under the Finance section, select Bank Account.

  3. Next to Payment Method, select [Radio button] [Button] Electronic Funds Transfer.

  4. Enter your bank account information in the empty fields.

    • To learn more about each field, see the Field reference below.

    • To ensure you're entering your banking information correctly, see the Validation rules reference below.

    • To learn more about currencies supported for each withdrawal method, refer to Supported Currencies & Timezones.

  5. Select Save.

    Screenshot_2024-02-14_at_2_01_52_PM.png

    Keep your payment and tax details updated to avoid maintenance fees: If impact.com is unable to pay you for 6 months, then a monthly account maintenance fee of $10 USD will be charged starting in month 7. This fee is non-refundable and is charged until either 1) you provide valid, updated tax or payment information, or 2) your account balance reaches 0.

Field reference

Field

Description

Bank Location Country

Select your bank account's base country from the drop-down menu.

  • If you select a country subject to an ACH payment, the payment method will update to EFT Withdrawal (free).

  • If you select a country subject to a Wire payment, the payment method will update to FX Wire (Processing Fee Amount).

Payment Method

A processing fee will occur whenever your balance is withdrawn and is displayed on the screen. An EFT withdrawal with no processing fee can occur for some countries. Refer to Supported withdrawal methods for more information.

Beneficiary Account Name

Enter the bank account holder's name for the account to which you are transferring your money. This must exactly match what your financial institution has listed.

Bank Account Number / International Bank Account Number (IBAN)

Depending on your country, enter the required bank account number or IBAN number.

Bank Account Type

For partners with bank accounts that request it, use the drop-down menu to select what type of bank account will receive the funds: Checking or Savings.

Swift Code

[Non-US]

For partners with bank accounts located outside the United States, enter your financial institution's SWIFT code. Refer to your institution for help retrieving this number.

ABA Routing Number

[US Only]

For partners with US-based bank accounts, enter your bank's routing number. Refer to your bank for help retrieving this number.

Routing Number

[CAN Only]

For partners with Canada-based bank accounts, enter your bank's routing number. For more information, refer to Canadian Routing Numbers Explained for Partners.

Validation rules reference

Field

Validation

PayPal email

  • Must be a valid email address

Beneficiary Account Name

  • Must be alphanumeric

  • May not be entirely numeric

  • Following punctuation symbols are allowed:

    • Dash / Hyphen: -

    • Brackets: ( )

    • Period: .

    • Comma: ,

    • Apostrophe: '

  • Chinese or Japanese characters are permitted

  • Russian Cyrillic alphabet is not permitted

  • Currency symbols are not permitted

Bank Account Number

  • Must be numeric

  • For some countries, there are length rules. See the Bank Account Number Length Rules Reference below for more information

Bank Account Number Length Rules Reference

Country

Must be numeric

Rules

Other

Yes

No other rules

USA

Yes

Length must be >= 3 and <= 17 digits. (this is from the length of the field in SVB Ach)

United Kingdom

Yes

Length = 8

Mexico

Yes

Length = 18

Poland

Yes

Length <= 26

Australia

Yes

Length <= 9

Faroe Islands

Yes

Length <= 10

Denmark

Yes

Length <= 10

Norway

Yes

Length <= 11

Hungary

Yes

Length <= 16

Sweden

Yes

Length <= 12

Czech Republic

Yes

Length <= 16

Hong Kong

Yes

Length <= 14

Singapore

Yes

Length <= 14

New Zealand

Yes

Length <= 16

South Africa

Yes

Length <= 11

Greenland

Yes

Length <= 10

Morocco

Yes

Length <= 24

Canada

Yes

Length <= 12

Routing Number

Routing Number Length Rules Reference

Country

Must be numeric

Rules

Other

No

No validations

USA

Yes

  • Length = 9

  • First digit must be 0,1,2 or 3

  • Number is checksum [External link] validated

United Kingdom

Yes

Must be in the format ABCDEF or AB-CD-EF

Canada

Yes

Length = 9

Australia

No

Length <= 6

Czech Republic

No

Length <= 4

Hong Kong

No

Length <= 6

Singapore

No

Length <= 8

New Zealand

No

Length <= 6

South Africa

No

Length <= 6

India

No

Length <= 11

Philippines

No

Length <= 9

Russia

No

Length <= 9

Swift Code

  • Must be alphanumeric

  • Length must be either 8 or 11 digits

  • Follows the format of XXXXXX-XX-XXX. Final 3 XXX are optional depending on length.

  • Digit 5 and 6 (country/region code) must match first 2 digits of IBAN

IBAN

  • Must be alphanumeric

  • IBAN structure validator registry

VO Code

  • Must be alphanumeric

Classification Entity

  • Must be alphanumeric

  • Length must be greater than or equal to 11

Classification CPF

  • Must be alphanumeric

  • Length must be greater than or equal to 14

Patronymic Name

  • If classification entity is INDIVIDUAL then the patronymic name must be specified and alphanumeric

Agency Code

  • Must be alphanumeric and length greater than or equal to 5

Bank Address

  • Provide the address, city, province/state, and postal code

Branch Code

  • Must be numeric

  • For JPY currency, branch code length must be 3 digits

  • For BDT currency, branch code length must be 9 digits

Supported withdrawal methods

Payment type

Description

Processing time

Fees

ACH

Automated Clearing House payments are domestic EFT payments. impact.com holds a bank account in that currency/region.

3–5 business days after the paystub has cleared.

Free

Wire

Wire payments are international EFT payments. impact.com does not hold a bank account in that currency/region.

3–5 business days after the paystub has cleared.

Currency-specific

PayPal

PayPal payments are digital payments via the PayPal platform and require you to have a registered PayPal account. Learn how to withdraw funds to your PayPal account.

Immediately after the paystub has cleared.

2% processing fee (up to $20 or the currency equivalent) will be assessed to the amount sent.

Note: You'll be paid in the currency you chose when setting up your impact.com account. If want to change your currency, you'll need to set up a new account because impact.com can't change your currency once your account has been set up.

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