Once the first donation is made to your fundraiser, your bank transfer information must be fully verified by the date noted in your GoFundMe account, or your donations will be automatically refunded. This is because our payment partners are only online payment processors and are not allowed to hold your funds for long periods of time.
Even after starting bank transfers, you can keep raising funds and the amount raised which is displayed on your fundraiser will not decrease.
How long will it take to be fully verified?
The process of setting up and verifying transfers can take 3-7 working days or longer to complete. Then, once your first transfer is sent, it will take on average 2-5 working days for the funds to be safely deposited into the bank account on file. You can read more about the transfer timeline here.
How do I know when I’m fully verified?
First, make sure you’ve completed the transfer set-up process:
After that, your GoFundMe account is the best place to find all information about your transfers. In the "Transfer” section, you can see scheduled and sent transfers. If you find that the scheduled date keeps getting pushed back, this means that your account is not fully verified.
You may also receive an email from our team or see a banner in your GoFundMe account notifying you about this.