The Bank Information section connects your fundraiser to the bank account where your payouts will be sent. The information you enter should match your bank records to make sure payouts are smooth and secure.
Select the country where your bank account is registered. For example, if you live in the US but your bank account is in Canada, you’ll need to choose Canada when setting up your bank information.
Enter details exactly as they appear on your bank records. Even small differences can cause payout delays.
TABLE OF CONTENTS
- United States
- United Kingdom and Malaysia
- Canada
- Australia
- Verification Documents
- FAQs
- Key terms
- More guides to help you
United States
You’ll be asked for:
- Bank Name
- Bank Account Class (Personal or Corporate)
- Bank Account Type (Checking or Savings)
- Payout Method (ACH or Wire)
- Routing Number (9 digits)
- Account Number
Where to find this:
- Routing and account numbers are printed on checks and available in online banking.
- Bank name and account type are listed on your statements.
ACH is the most common and cost-effective method for US bank accounts.
United Kingdom and Malaysia
You’ll be asked for:
- Bank Name
- Bank Account Class (Personal or Corporate)
- Bank Account Type (Checking or Savings)
- Payout Method (Wire only)
- SWIFT/BIC Code
- IBAN
Where to find this:
- Your account number is in online banking or on your statement.
- Enter your account number in the IBAN field.
- SWIFT/BIC is also shown in online banking or can be confirmed with your bank.
Tip: Don’t worry if your bank doesn’t provide IBAN — just use your account number in that field.
Canada
You’ll need to provide:
- Bank Name
- Bank Account Class (Personal or Corporate)
- Bank Account Type (Checking or Savings)
- Payout Method (EFT or Wire)
If you choose EFT (Electronic Funds Transfer)
You’ll be asked for:
- Institution Number (3 digits)
- Transit Number (5 digits)
- Account Number
Where to find this
- These numbers are printed on your checks and available in online banking.
EFT is usually faster and more affordable for Canadian accounts.
If you choose Wire
You’ll be asked for:
- SWIFT/BIC Code
- Account Number (enter this in the IBAN field)
Where to find this
- Account numbers are in online banking or on your statement.
- Your bank can confirm your SWIFT/BIC code for international transfers.
Even though Canadian banks don’t use IBAN, you should enter your account number in the IBAN field when setting up for Wire payouts.
Australia
You’ll be asked for:
- Bank Name
- Bank Account Class (Personal or Corporate)
- Bank Account Type (Checking or Savings)
- Payout Method (Wire or EFT)
- SWIFT/BIC Code
- IBAN
Where to find this:
- BSB is a 6-digit Bank State Branch number shown on your statement or in online banking.
- Account number is also on your statement or online banking.
- Enter your BSB in the SWIFT/BIC field and your account number in the IBAN field.
Verification Documents
Along with your bank details, you’ll be asked to upload a recent bank statement (within the last 3 months) or a bank letter (for new accounts). This helps confirm that your payout account is active and belongs to you or your organization.
Helpful reminders:
- Upload files that are clear and easy to read (PDF or image works best).
- If you accidentally upload the wrong file, don’t worry — just contact support@launchgood.com and we’ll assist.
FAQs
Which country should I choose when setting up my bank information?
Always select the country where your bank account is registered, even if you live elsewhere.
How do I know if my account is Personal or Corporate?
If the account is under your name, select Personal. If it’s under an organization’s registered name, select Corporate.
What happens if I enter something incorrectly?
If the details don’t match your bank records, the payout may fail. Double-checking with your statement or online banking is the easiest way to avoid this.
Key terms
- IBAN (International Bank Account Number): A standard number that identifies your bank account internationally.
- SWIFT/BIC (Bank Identifier Code): A code used for international transfers that identifies your bank.
- Routing Number: A 9-digit code used in the US to identify your bank.
- BSB (Bank State Branch number): A 6-digit code in Australia to identify your bank branch.
- ACH: A local electronic transfer method in the US.
- EFT: A local electronic transfer method in Canada.