# 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/region impact.com supports to receive EFT funds and understand the limitations of [using an intermediary bank](https://help.impact.com/partner/what-would-you-like-to-learn-about/platform-features/finance/payments-withdrawals-and-balance/limitations-of-withdrawals-via-intermediary-banks).

{% embed url="<https://res.cloudinary.com/product-enablement/video/upload/v1748512845/PXA%20Microlearnings/part-351-10.mp4>" %}

#### Update your banking information

{% hint style="warning" %}
**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](https://help.impact.com/partner/account-management/account-settings/user-management/verify-your-identity-as-a-partner#tips-to-minimize-the-impact-of-the-delay-0-0).
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1. From the top navigation bar, select ![](https://347878556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fb2rE79d9UhOKZQLgzSqx%2Fuploads%2Fgit-blob-1183576591b45997efe4dc81a25024640591d02a%2F245137dc972a7a7f6165b59538fcdbac8fd5bd8fee4ba9f20c1a2982c5b58b57.svg?alt=media) **\[User profile] → Settings**.
2. Under the *Finance* section, select **Bank Account**.
3. Under the *Payment Method* section, select ![](https://347878556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fb2rE79d9UhOKZQLgzSqx%2Fuploads%2Fgit-blob-590bdf4e1ffbcc1fe86ad456bebab6a28c64af1f%2Ffd6e4291628446bb1fe27a831f7874b256a28cc84833d72cce2e73b94641edb7.svg?alt=media) **\[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](https://app.gitbook.com/s/hRN1rcrim887TwHLBjac/readme/supported-currencies-and-timezones).

   <div data-with-frame="true"><figure><img src="https://347878556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fb2rE79d9UhOKZQLgzSqx%2Fuploads%2Fgit-blob-cc870a5c0da7661a1a1b66ab464204d48d2a9e8b%2Fe3aac9080a30f61b19310efc240d7303551dc873a45bdc8275d05ed04074a6c6.png?alt=media" alt=""><figcaption></figcaption></figure></div>
5. Select **Save**.

   * For more information on payment scheduling settings, see [Select How Often You Can Get Paid as a Partner](https://help.impact.com/partner/what-would-you-like-to-learn-about/platform-features/finance/payments-withdrawals-and-balance/select-how-often-you-get-paid-as-a-partner).

   <div data-gb-custom-block data-tag="hint" data-style="warning" class="hint hint-warning"><p><strong>Keep your payment and tax details updated to avoid maintenance fees:</strong> If impact.com is unable to pay you for 6 months, a monthly account maintenance fee will apply starting in month 7. The fee is £25 GBP per month (or your payout currency equivalent) under the <a href="https://help.impact.com/en/support/solutions/articles/155000005773-understanding-impact-com-s-trading-models"><em>reseller invoicing method</em></a>, and $10 USD (or your payout currency equivalent) under the <a href="https://help.impact.com/en/support/solutions/articles/155000005773-understanding-impact-com-s-trading-models"><em>direct invoicing method</em></a>. This fee is <strong>non-refundable</strong> and is charged until either 1) you provide valid, updated tax or payment information, or 20 your account balance reaches 0.</p></div>

<details>

<summary>Field reference</summary>

| Field                                                                               | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| ----------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Bank Location Country/Region                                                        | <p>Select your bank account's base country/region from the drop-down menu.</p><p>• If you select a country/region subject to an ACH payment, the payment method will update to <em>EFT Withdrawal (free)</em>.</p><p>• If you select a country/region subject to a Wire payment, the payment method will update to <em>FX Wire (Processing Fee Amount)</em>.</p>                                                                                                           |
| 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](#section-idm4546415157107234214949849951) 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/region, 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**.                                                                                                                                                                                                                                                                                                           |
| <p>Swift Code</p><p>\[<strong>Non-US</strong>]</p>                                  | <p>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.<br></p><p><strong>Important:</strong> All payments require your SWIFT code. To avoid delays in payment processing, make sure to enter your SWIFT/BIC code on the <strong>Bank Account Settings</strong> screen when submitting details for payment.</p>                                    |
| <p>ABA Routing Number</p><p>\[<strong>US Only</strong>]</p>                         | For partners with US-based bank accounts, enter your bank's routing number. Refer to your bank for help retrieving this number.                                                                                                                                                                                                                                                                                                                                            |
| <p>Routing Number</p><p>\[<strong>CAN Only</strong>]</p>                            | For partners with Canada-based bank accounts, enter your bank's routing number. For more information, refer to [Canadian Routing Numbers Explained for Partners](https://help.impact.com/partner/what-would-you-like-to-learn-about/platform-features/finance/payments-withdrawals-and-balance/canadian-routing-numbers-explained-for-partners).                                                                                                                           |
| <p>Classification</p><p>\[<strong>ARS, CLP, GTQ, PEN, UYU Only</strong>]</p>        | For partners with bank accounts based in Argentina, Chile, Guatemala, Peru, and Uruguay, use the ![](https://347878556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fb2rE79d9UhOKZQLgzSqx%2Fuploads%2Fgit-blob-c2cb550b55c51ea1eeff0acbd6f437a03b621a2c%2F60d033ae8a04c14498d5229c3c0160ac05feea7f605dbd770741793c900469f0.svg?alt=media) \[**Drop-down menu**] to select whether your account is an **Individual** account or **Business** account. |
| <p>Beneficiary INN</p><p>\[<strong>ARS, CLP, GTQ, PEN, UYU Only</strong>]</p>       | For partners with bank accounts based in Argentina, Chile, Guatemala, Peru, and Uruguay, enter the unique number assigned by the tax authority to identify the individual or business for tax purposes.                                                                                                                                                                                                                                                                    |
| <p>Bank Code</p><p>\[<strong>JMD Only</strong>]</p>                                 | For partners with Jamaica-based bank accounts, enter your bank’s branch code.                                                                                                                                                                                                                                                                                                                                                                                              |
| <p>Bank Branch Name</p><p>\[<strong>ETB, KES, EGP, UYU, ZMW, BDT Only</strong>]</p> | For partners with bank accounts based in Ethiopia, Kenya, Egypt, Uruguay, Zambia, and Bangladesh, enter your bank’s branch name.                                                                                                                                                                                                                                                                                                                                           |
| <p>KBE Code</p><p>\[<strong>KZT Only</strong>]</p>                                  | For partners with Kazakhstan-based bank accounts, enter your KBE code.                                                                                                                                                                                                                                                                                                                                                                                                     |

</details>

<details>

<summary>Validation rules reference</summary>

| Field                    | Validation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| ------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| PayPal email             | <ul><li>Must be a valid email address</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Beneficiary Account Name | <ul><li>Must be alphanumeric</li><li>May not be entirely numeric</li><li><p>Following punctuation symbols are allowed:</p><ul><li>Dash / Hyphen: -</li><li>Brackets: ( )</li><li>Period: .</li><li>Comma: ,</li><li>Apostrophe: '</li></ul></li><li>Chinese or Japanese characters are permitted</li><li>Russian Cyrillic alphabet is not permitted</li><li>Currency symbols are not permitted</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Bank Account Number      | <ul><li>Must be numeric</li><li>For some countries, there are length rules. See the <em>Bank Account Number Length Rules Reference</em> below for more information</li></ul><p><strong>Bank Account Number Length Rules Reference</strong><br><br><strong>Country/Region / Rules</strong><br></p><p>USA — Length must be >= 3 and <= 17 digits.<br></p><p>United Kingdom — Length = 8<br></p><p>Mexico — Length = 18<br></p><p>Poland — Length <= 26<br></p><p>Australia — Length <= 9<br></p><p>Faroe Islands — Length <= 10<br></p><p>Denmark — Length <= 10<br></p><p>Norway — Length <= 11<br></p><p>Hungary — Length <= 16<br></p><p>Sweden — Length <= 12<br></p><p>Czech Republic — Length <= 16<br></p><p>Hong Kong — Length <= 14<br></p><p>Singapore — Length <= 14<br></p><p>New Zealand — Length <= 16<br></p><p>South Africa — Length <= 11<br></p><p>Greenland — Length <= 10<br></p><p>Morocco — Length <= 24<br></p><p>Canada — Length <= 12<br></p><p>Other — No other rules</p>                                                                                                                                                                                                                            |
| Routing Number           | <ul><li>If a USA or UK bank, this field must be numeric</li><li>If a Canadian bank, see <a href="https://help.impact.com/en/support/solutions/articles/155000001324">Canadian Routing Numbers Explained for Partners</a></li><li>For some countries/regions, there are length rules, see the <em>Routing Number Length Rules Reference</em> below for more information</li></ul><p><strong>Routing Number Length Rules Reference</strong><br><br><strong>Country/Region / Rules</strong><br></p><p>USA</p><ul><li>Length = 9</li><li>First digit must be 0,1,2 or 3</li><li>Number is <a href="https://en.wikipedia.org/wiki/Checksum">checksum</a> validated</li><li>Must be numeric</li></ul><p>United Kingdom</p><ul><li>Must be in the format 123456 or 12-34-56</li><li>Must be numeric</li></ul><p>Canada</p><ul><li>Length = 9</li><li>Must be numeric</li></ul><p>Australia — Length <= 6<br></p><p>Czech Republic — Length <= 4<br></p><p>Hong Kong — Length <= 6<br></p><p>Singapore — Length <= 8<br></p><p>New Zealand — Length <= 6<br></p><p>South Africa — Length <= 6<br></p><p>India — Length <= 11<br></p><p>Philippines — Length <= 9<br></p><p>Russia — Length <= 9<br></p><p>Other — No validations</p> |
| Swift Code               | <ul><li>Must be alphanumeric</li><li>Length must be either 8 or 11 digits</li><li>Follows the format of XXXXXX-XX-XXX. Final 3 XXX are optional depending on length.</li><li>Digit 5 and 6 (country/region code) must match first 2 digits of IBAN</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| IBAN                     | <ul><li>Must be alphanumeric</li><li>IBAN structure validator registry</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| VO Code                  | <ul><li>Must be alphanumeric</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Classification Entity    | <ul><li>Must be alphanumeric</li><li>Length must be greater than or equal to 11</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Classification CPF       | <ul><li>Must be alphanumeric</li><li>Length must be greater than or equal to 14</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Patronymic Name          | <ul><li>If classification entity is INDIVIDUAL then the patronymic name must be specified and alphanumeric</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Agency Code              | <ul><li>Must be alphanumeric and length greater than or equal to 5</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Bank Address             | <ul><li>Provide the address, city, province/state, and postal code</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Branch Code              | <ul><li>Must be numeric</li><li>For JPY currency, branch code length must be 3 digits</li><li>For BDT currency, branch code length must be 9 digits</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

</details>

#### 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](https://help.impact.com/partner/what-would-you-like-to-learn-about/platform-features/finance/payments-withdrawals-and-balance/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. |

{% hint style="info" %}
**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](https://help.impact.com/partner/what-would-you-like-to-learn-about/account-management/account-settings/account-management/recreate-your-partner-account) because impact.com can't change your currency once your account has been set up.
{% endhint %}