Requirements for Fundraising Creation
What You Need to Transfer Funds
Here at Give A Hand, we strive to make the online fundraising process as easy, fast, and secure as possible. So, we’re here to walk you through everything you need to know about transferring funds.
Transferring Funds: Individual Fundraiser vs. Charity Fundraiser
Individual:
If you’ll be setting up a fundraiser for an individual, you will be able to transfer funds directly to your bank account (organizer) or to the bank account of the person the fundraiser is set up for (beneficiary). That’s why we need to make sure you fulfill all requirements for the transfer of funds.
TIP: Decide which person (organizer or beneficiary) will receive the transfer of funds so you can set up the bank information as you create the fundraiser. If you plan on adding a beneficiary please make sure that beneficiary resides in the same country as the fundraisers set country (i.e if the fundraiser was created in U.S with USD as the set currency, you will not be able to add a beneficiary from U.K or Canada).
Charity:
As for Charity fundraisers Give A Hand executes the transfer of funds for you. Rather than transferring funds to an individual’s bank account, we automatically send a check directly to the charity on the 1st of every month.
What’s Required to Transfer Funds?
In order to receive the funds from your Give A Hand fundraiser for an individual, you’ll need to meet several requirements. You’ll find the list of requirements below, but please know that our payment processor, Stripe, may require additional documentation to verify bank info, identities, and more.
Requirements to receive funds:
- A government-issued driver’s license, state I.D., or passport
- A residential address within the country selected (this cannot be a PO box)
- A phone number belonging to the country of residence
- A bank account in your name located in your country
- A United States SSN or ITIN (or equivalent for other countries)
- Must be 18 years of age or older
Setting Up Your Bank Transfers
When setting up your fundraiser and/or banking information on Give A Hand, remember to use the name as it appears on your government-issued I.D. or driver’s license. Why? This will allow our payment partner to verify your identity.
When you add an address, please be sure to use your physical address and not a P.O. box.
When you manually enter bank account information, please be sure to include the 0’s at the beginning of the account number. And please ensure the name on your Give A Hand account matches the name on the bank account.
Please do NOT use the routing number for wire transfers. Instead, use the routing number associated with the correct ACT, EFT, or direct deposit.
Verification
In most cases we're able to verify the information almost instantly, however in some cases it can take a few days to verify your bank account and identity. If necessary, we’ll ask you for some additional information.
This might include:
- A copy of your driver’s license (or other I.D.)
- A copy of your bank statement
- More information about the fundraiser itself
You’ll receive a notification within your Give A Hand account and via email if additional information is needed for verification or you can always visit the fundraiser management page for any pending actions.
Transfer Timeline
Please note that funds are sent automatically if your bank information is verified, and that each transfer will include all available donations.
However, recent donations made to fundraisers take 1- days to be fully processed in to your available balance (you can always check the incoming balance page to see when donations will become available for transfer) and donations will only be included in a transfer once they’ve been processed.
Once the transfer of funds is initiated from Give A Hand, it should take 1-3 business days for the funds to reach the bank account associated with the fundraiser.