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Setting Up the Bank Account for Your Fund

Learn how to connect your bank account to your Fund on Gloo Impact.

Brian avatar
Written by Brian
Updated over 6 months ago

Add Your External Bank Account

To connect your external bank account as a Sponsor Org Owner, click on your profile icon in the top-right corner and select Banking. Click the Add bank account button.

Note: You can also get here by clicking Accounting on the left-hand side of a specific Fund and clicking the Connect bank account button.

Connecting Your Bank Account with Plaid

Impact uses Plaid to connect to your external bank account. When the Plaid modal appears on your screen:

1. Click Continue to find your bank.

2. Browse popular banks or use the search bar to find your organization’s bank.

3. Log in using your online banking credentials and click Submit.

4. Select the account you want to connect to and click Continue.

5. Click Continue to finish connecting your account.

Adding Money to a Fund

After your account is connected, you can add money to your Fund.

To add money to a fund, go to the Dashboard tab and select your Fund. Click the Deposit Funds button on the dashboard under Accounting.

Type in the amount you want to add to your Fund, then click Continue and Confirm to add the money to your Fund.

When the transaction has cleared, which may take 3-5 days, you will see your “Deposited To-Date” and “Current Balance” amounts updated.

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