Choosing a transfer type

Choosing the right transfer type enables your funds to arrive smoothly. After clicking "Transfers" on your fundraiser dashboard, there are a couple of options to choose from depending on where the funds are being sent to.

Who will receive the funds - myself, a business or someone else

  • Your bank account:

    When you select "Your bank account", this means that you'll be transferring funds to your own personal bank account.  Do not select "Your bank account" and then add another individual's personal bank account details. 
  • A business bank account:

    This option allows you to send funds to a bank account owned by a business or organisation. (You must be a financial administrator for the organisation or business to add their bank details.)
  • Someone else's bank account:

    When you select "Someone else's bank account", this means that funds will be transferred to someone else’s personal bank account. This option lets you add that person as your beneficiary, giving them sole control of bank transfers and allowing them to enter their bank details themselves.

Choose wisely! Only one person can receive funds from each fundraiser at a time, and the current beneficiary and organiser's consent is required to change a beneficiary. 

The person receiving funds will need to meet the bank transfer requirements.

What type of bank account is right for you - Personal vs Business

  • Personal: This means that an individual will be receiving funds in their personal bank account. In the US, this also includes sole proprietorships under a social security number.

  • Business, Company or Partnership: This means funds are going to an organisation's bank account. This also includes sole proprietorships under an EIN. 

For more information about organisation bank transfers, click here.

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