Add money to your Impact Account

When you add money to your Impact Account, you receive an immediate tax receipt. Then, you can give to your favourite charities and Giving Groups, or save some of your charitable dollars to give away later. You can also send charitable dollars to friends and family on Charitable Impact for them to give away.

If you own multiple Impact Accounts, you can also transfer money between accounts.

If you don't have an Impact Account yet, sign up for a free account.

Learn how to:  

• Add money by credit card
• Transfer funds between Impact Accounts

Good to know

• Minimum and maximum deposit amounts
• Refunds
• Fees
• Manage monthly deposits

Add money by credit card

1. On the web: Select your Impact Account or an account you administer on the Home screen. Then select the blue Add money button under the account balance.

   On the mobile app: From the Overview screen, select the blue Add money button under the account balance.

2. Enter the amount you'd like to add to the account. The minimum deposit amount is $5.
3. Select the frequency with which you would like to add money:
   1. Once - add money one time
   2. Monthly - add money once a month, on the 1st or 15th of each month 
4. Select Continue.
5. Under Payment, select an existing payment method or add a new card. If you're using the mobile app, you can also choose to add money with Apple Pay or Google Pay. The charge will appear as “CHARITABLE IMPACT” on your statement. 
6. Select a tax receipt recipient or add a new one.

7. If applicable, select a matching partner.
8. Add a note if you wish to add some information about why you added money to this Impact Account. 
9. Select Review. 
10. Review the details of your deposit, then select Add money.

Transfer funds between Impact Accounts

1. On the web: On the Home screen, select the Impact Account you want to transfer from. (Note that you can only transfer funds between Impact Accounts that you own.) Then select Transfer funds under the account balance.

   On the mobile app: From the Overview screen, select Transfer funds under the account balance.

2. Enter the amount you'd like to transfer.
3. In the To field, select the Impact Account you’d like to transfer funds to.
4. Select Continue.
5. Add a note if you wish to add some information about why you made this transfer.
6. Select Review.
7. Review the details, then select Transfer.

Good to know

Here are a few things to keep in mind when adding money to your Impact Account.

Minimum and maximum deposit amounts per transaction

The minimum and maximum amounts you can add to your Impact Account by credit card are outlined below. There is no minimum account balance that you need to maintain, and no maximum limit.

Money added to your Impact Account is non-refundable

When you add money to your Impact Account, you're actually making a donation to CHIMP: Charitable Impact Foundation (Canada), a registered charity and public foundation—it's why you get a tax receipt after adding money. The funds you add stay in your account until you decide you'd like to send gifts to charities, Giving Groups, and other people on Charitable Impact.

As a general rule, charities can't refund donations due to legal considerations, and requirements related to issuing tax receipts.

Fees

No fees are charged on the balance in your account.

Banks and credit card companies charge charities, including Charitable Impact, a fee to process donations. If you use a credit card to donate, the fee is 2.8%. We recover this fee when you send a gift to charity from your Impact Account.

Our credit card processing fee is lower when compared to most charities because we process higher volumes of donations.

Learn more about fees. Feel free to contact us at hello@charitableimpact.com if you have any questions.

Manage monthly deposits to your Impact Account

Once you've set up monthly deposits to your Impact Account, you can edit or cancel them as needed. Learn how to manage monthly deposits.