Add money to your Impact Account

Good to know: Giving Season is just around the corner. Here are some key dates to keep in mind for your end-of-year giving.

An Impact Account is like an online bank account for charitable giving. When you add money to your account, you receive a tax receipt immediately. 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 give charitable dollars to friends and family on Charitable Impact for them to give away.

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

Learn how to:  

Add money to your Impact Account
Edit monthly deposits to your account
Cancel monthly deposits to your account

Good to know:  

Minimum and maximum deposit amounts
Refunds
Fees

Add money to your account

  1. Log in to your Impact Account. 
  2. Select Add money
  3. Enter the amount you'd like to add to your account. The minimum deposit amount is $5.
  4. If applicable, select the account to which you’d like to add money.
  5. Select the frequency in 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 
  6. If you’re adding money for the first time, add a card to be used for payment. Otherwise, select an existing card. If you're using the mobile app, you can also choose to add money with Apple Pay or Google Pay. Note: The charge will appear as “CHARITABLE IMPACT” on your statement. 
    1. On the web: Click the Continue button at the bottom of the page.
    2. On the mobile app: Click the Review button at the bottom of the screen. 
  7. If you’re adding money for the first time, add a tax receipt recipient. Otherwise, choose an existing tax receipt recipient. 
  8. If applicable, select a matching partner
  9. Review the details of your deposit on the confirmation page and click the Add money button to finalize your deposit.

Note:

If you schedule a monthly deposit and monthly gift on the same day, the monthly deposit is processed first before the monthly gift is sent to charities, Giving Groups, Campaigns, or friends.

Tip:

You can set a personal goal for the charitable dollars you want to commit for giving. Reach your giving goal by adding money to your account over time. You can update your goal anytime.

Manage monthly deposits to your account

If you have chosen to add money to your account each month, you can edit or cancel your monthly deposit, or change your payment method anytime. 

Edit a monthly deposit 

On web: 

  1. Log in to your Impact Account. 
  2. Select Manage deposits and gifts and then the Scheduled deposits tab. 
  3. Select Edit for the monthly deposit you would like to change.

On mobile: 

  1. Log in to your Impact Account. 
  2. Select Account.
  3. Under the section, Upcoming transactions, select the monthly deposit you would like to change. 

Cancel a monthly deposit 

On web:

  1. Log in to your Impact Account. 
  2. Select Manage deposits and gifts and then the Scheduled deposits tab.
  3. Find the monthly deposit you would like to cancel, click the ellipses (...), and select Delete

On mobile: 

  1. Log in to your Impact Account. 
  2. Select Account
  3. Under the section, Upcoming transactions, select the monthly deposit you would like to cancel. 
  4. Select Delete.  

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 are outlined below. Note: there is no minimum account balance that you need to maintain, and no maximum limit.

Deposit Amount                                 Min. Deposit                                  Max. Deposit
Per transaction
To Impact Account                                $5*                                                   $9,999

Money added to your Impact Account is non-refundable

When you add money to your Impact Account, you're actually making a donation to Charitable Impact Foundation, 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

Charitable Impact doesn't charge fees when you add money to your Impact Account. This is why your tax receipt reflects the full amount that you added to your account. However, when you add money to your account, Charitable Impact is charged third-party processing fees by banks and credit card companies. We recover this fee when you send gifts to charities. Learn more about processing fees charged by banks and credit card companies, or get in touch with us at any time.

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