What are money transfers?

Money transfers are ways to directly send funds out of your HCB account. HCB currently has five ways to transfer money:

  • ACH transfer
  • Mailed check
  • International Wire
  • HCB transfer

To explain each of these briefly:

ACH transfer

  • Way to send money to a US bank account
  • Requires an HCB organizer to have the recipients bank details
  • Fast method, within 48 hours on business days

Mailed check

  • We can physically mail a check to someone!
  • HCB organizer does not need the recipients bank details
  • A slower method, can take a couple weeks to get check sent

International Wires

  • We recommend this feature as a last resort, it has fees!
  • Requires lots of bank details from the recipient
  • Has a $25 fee per wire (except for specific circumstances, click here to learn more)

HCB transfer

  • An internal transfer between multiple HCB organizations
  • Requires an HCB organizer to be added on both organizations
  • Free and instant transfer!