Withdraw Funds to Your Bank Account

Published on: Thu, 23 Mar, 2023 at 2:53 AM | Updated on: Fri, 24 Nov, 2023 at 3:42 AM

You'll need a bank account in a country that impact.com supports to receive funds via EFT. The amount paid will be in the currency you chose for your impact.com account. Learn which currencies impact.com supports.

Warning

After an account has been set up, we are unable to change the selected currency in our system. If you would like to change the currency, you will need to set up a new account.

From the left navigation bar, select [Menu] → Settings.
Under the Finance section, select Bank Account.
Next to Payment Method, select [Button] Electronic Funds Transfer.
Enter your bank account information
- Refer to the table below to learn more about each field.
- Refer to the Validations reference for help in filling out your banking information.
Select Save.

The below table is reference to the various fields of information you'll need to complete.

Field	Description
Bank Location Country	Select your bank account's base country from the drop-down menu.
Payment Method	A processing fee will occur whenever your balance is withdrawn and is displayed on the screen. An EFT transfer with no processing fee can occur for some countries.
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 OR 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.

The below table provides validation rules for the various fields of information that is required.

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: '
China and Japan to be able to enter their respective language characters
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

If a USA or UK bank, this field must be numeric
If a Canadian bank, see Canadian Routing Numbers Explained for Partners
For some countries, there are length rules, see the Routing Number length Rules Reference below for more information

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 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

Select how often you can get paid

For more information on how to configure your payment scheduling settings, visit our Select How Often You Can Get Paid as a Partner article.

Select how often you can get paid

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