Adding a bank account

Good to know: You can start your fundraiser and receive donations immediately without adding a bank account. Donations received are held securely in a third-party funds account and can be tracked 24/7 in your Spendenaktion account.

A bank account can only be added after receiving your first donation!

Dashboard > Bank account

A bank account can only be added after receiving your first donation.

You add a bank account number (private or business) in the Bank account section in your dashboard.

The bank account you add is not visible to donors.

Go to Dashboard > Bank account

There you have the following options:

• Add your own personal bank account number (green block)
• Add someone else's personal bank account (blue block)
• Add a business bank account (black block)

In all cases, in accordance with applicable laws and regulations, we need to verify the bank account holder. To do this, we will be asked for some details.

Once verified, bank accounts are automatically linked to your fundraising campaign and payments are then made weekly. However, you can pause weekly payouts if you wish.

For payout information visit: https://spendenaktion.tawk.help/en-gb/article/payout.

Add your own private bank account number (green block)

Click the green block Add my own bank account and follow the steps on the screen.

Some information and documents will be requested:

• Personal details
• Bank details
• Identity details
• Copy of valid bank card or recent bank statement
• Copy of valid passport, driving licence or European identity card

After submission, these details will be verified, and you will receive feedback. Feedback from the the verification process can take up to maximum 2 working days. If verified, the bank account is automatically linked to your fundraising campaign and ready for payment. If any information is missing or incorrect, you will be notified, and you can change or complete your details.

Add a private bank account of someone else (blue block)

It is possible to link someone else's bank account to your fundraising campaign.

Click on the blue block Add someone else's bank account and follow the steps on the screen.

You can invite the bank account holder to make his/her bank account available for payout of donations from your fundraising campaign. The invited bank account holder will be asked to follow the same registration and verification steps as mentioned above for adding his/her personal bank account. Feedback from the the verification process can take up to maximum 2 working days.

You can track the status of the invitation here. Once verified, the bank account is automatically linked to your fundraising campaign and ready for weekly payout.

Add a business bank account (black block)

Click on the black block Add a business bank account and follow the steps on the screen.

Some company or organisation information and documents are requested:

• Legal information about the company or organisation
• Copy of registration document
• Information about the UBOs (Ultimate Beneficial Owners)
• Bank details
• Copy bank card or statement

After submission, these details will be verified, and you will receive feedback Feedback from the the verification process can take up to maximum 2 working days. If verified, the bank account is automatically linked to your fundraising campaign and ready for payout. If any information is missing or incorrect, you will be notified and can still adjust or complete your data.

For payout information visit https://spendenaktion.tawk.help/en-gb/article/payout.

Add your own Mollie account

Dashboard > Bank account > Add Business Bank account > Add Mollie account

For business bank account holders, it is also possible to create their own Mollie account or link an existing Mollie account.

Business bank account holders  need to have a business bank account and a trade register number, e.g.:

• Netherlands: Kamer van Koophandel nummer (KvK)
• Belgium: Company number (Kruispuntbank van Ondernemingen, KBO)
• France: Régistre du Commerce et des Sociétés (RCS), Répertoire des Métiers (RM)
• UK: Company registration number (CRN)
• Germany: Trade Register number (HRB number)
• Austria: Firmenbuchnummer

All donations - minus platform and transaction costs - will be credited to your business bank account from your own Mollie account without intervention from Spendenaktion. You can determine the payout frequency yourself in your Mollie account.

The transaction costs are charged directly by Mollie and differ from the transaction costs that Spendenaktion charges to users who link a bank account to their action. Rates of Mollie are per successful transaction and exclusive of VAT. For an overview of the rates of Mollie click here.

Add foreign bank account

For more information on adding a foreign bank account and getting paid in local currency, please read the following article: https://spendenaktion.tawk.help/article/auslandisches-bankkonto.

What should be visible on the documents that I need to upload?

The following should be visible on the bank card:

• IBAN bank account number
• Beneficiary name (at least surname) on the bank account corresponding to the name of the registered person or organisation
• Expiry date
• If the required information is on both sides of the card, upload both sides of the card.

Alternatively, a copy of a bank statement can be uploaded.

Visible on a bank statement must be:

• IBAN bank account number
• Beneficiary name (at least surname) on the bank account corresponding to the name of the registered person or organisation name
• Date (no older than 6 months)
• Bank name/logo

The beneficiary of the bank account (the bank account holder) must be 18 years of age or older.

Minors have the following options:

1. Use the bank account of a person who is 18 years or older for the disbursement. Use ‘Add someone else's bank account’ (blue block) and invite this person to add his/her bank account.

2. Add thier own bankaccount. Get permission from a parent or guardian. The parent or guardian should give written consent and attach a copy of his/her identification document to the statement. This can be requested by e-mail at Spendenaktion. 

You can create and start your fundraiser immediately without adding a bank account. You can add a bank account at a later stage.

However, we can only pay you if a bank account has been added and has been verified. As long as no bank account is added, donations received will be stored in your Spendenaktion account, are guaranteed safe in a third-party funds account and are visible 24/7 in your dashboard.

As soon as a bank account is added and verified, you will automatically be paid out weekly, every Wednesday.

Do you prefer to receive the money all at once at the end of the fundraising campaign? Or at another desired moment?

This is possible by pausing the payout. Go to bank account in your dashboard and turn off Weekly payout. As soon as you want to be paid out again, you can turn this function on again. Payout will then take place on the following Wednesday.

Only one bank account can be linked to a Spendenaktion user account at a time. A a Spendenaktion user account account is also linked to a single unique email address.

Option 1

If you want to link a different bank account to your existing account, we will need to send you an onboarding link that allows you to change the bank account. You can request the link by email.

Option 2

You can also create a new account with a different email address and add a new bank account.

As a platform, which facilitates monetary transactions, we have to comply with European regulations (FATF) in the area of preventing money laundering and terrorist financing.

The regulations require us to request and verify various data from users. This process is called KYC (Know Your Customer) and consists of requesting:

In the case of individuals:

• Personal data such as name, address, e-mail address and telephone number
• Proof of identity (through an identity document such as passport or driving licence)
• Bank details (by means of a copy of bank card or bank statement)

In the case of companies and non-profit organisations:

• Registration certificate of the organisation
• UBOs
• Bank details (by means of a copy of a bank card or bank statement)

Preventing money laundering and terrorist financing is of great importance for a stable and honest financial system and for effective prevention and repression of all kinds of (undermining) crime.

It is in both the interest of donors, fundraiser organisers and the platform that this control and verification takes place. It ensures a safe and reliable platform.

Of course, data is handled with integrity and care. Read our privacy policy on this subject at:  https://spendenaktion.de/privacy-policy