Transfer Money from Your E-wallet to Your Bank Account

As the main Administrator of your nonprofit, you can transfer funds to your bank account from your e-wallet at any time.

This article covers the following topics:

• Withdrawing funds from your e-wallet
• Accounting impact

Withdrawing funds from your e-wallet

If your e-wallet has an available balance, you can transfer funds to any bank account of your choice from the Payments > E-wallet page. Click the "Payout to my bank" button.

Simply select the nonprofit's bank account you want to transfer the funds to. The transaction takes a few days to process.

Partial payouts are supported: when requesting a transfer to your bank, you can choose to send either the full available balance or just a portion of it.

Accounting impact

This payout will appear automatically in your accounting records: it will generate entries for both your e-wallet account (517XXX) and your bank account (512XXX), as shown in the example below.

Please note: this payout is a cash transfer between your e-wallet and your bank account. It represents a lump-sum amount, meaning the individual transactions that make up that amount are not itemized. Even if you transfer the entire available balance from your e-wallet, that balance reflects the total received minus fees, any refunds, bounces, and so on. You can also choose to transfer only part of the balance.
If you need a breakdown of the individual transactions, you can export the Wallet Statement. Keep in mind, however, that an exact match is not guaranteed (depending on the transfer date, the amount transferred, etc.).

Learn more:

• Viewing your e-wallet and the details of past and upcoming payments
• My e-wallet funds are on hold. What should I do?

📘 Check out our complete guide to online payments on Springly.