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 appears automatically in your accounting records. It generates entries for your e-wallet account (517XXX) and your bank account (512XXX). These bookkeeping entries cover accounts 517001, 580000, and 512001.

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 broken down. Even if you transfer the full balance available in your e-wallet, that balance reflects the amounts received minus fees, any refunds, bounces, etc. You can also transfer only part of the available amount.
If you need the transaction-level detail, one option is to export your wallet statement. Keep in mind, however, that this will not guarantee an exact match (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.