Who can withdraw USD donations and What is the timeline to receive the funds?

Created by Stanley Junior, Modified on Wed, 05 Oct 2022 at 03:24 PM by Stanley Junior

  • Medical Fundraisers - USD donations, the funds raised can only be transferred directly to the Treating Hospital. Fund Transfer would take 7- 10 working days.

  • Medical Fundraisers (For bills already paid for) - USD donations, the funds raised can only be transferred to the beneficiary or their direct relative’s account through an NGO, it can be a partnered NGO or any NGO of the beneficiary’s choosing. The withdrawal processing would take 14- 20 working days.

    Please note: For withdrawing any donation in USD, bills of at least that amount need to be provided at the time of withdrawal. For eg. - If I wish to transfer 100 USD to the beneficiary’s account, I must provide unique bills of at least 100 USD. 

  • Educational Fundraisers - USD donations, the funds raised can only go directly to the University/Schools account after providing a document from the institution declaring the student is enrolled and that they need to pay a specific amount as tuition/accommodation/etc., fees. The withdrawal processing would take 7- 10 working days to hit the institution's account. 

  • Memorial Fundraisers - USD donations, the funds raised can only be transferred through an NGO, it can be a partnered NGO of Milaap or any NGO of the beneficiary’s choosing. The withdrawal processing would take 14- 20 working days to hit the recipient's account.

  • Organisation Fundraisers - Both USD and INR donations can only be withdrawn to the NGO’s account. USD donations can only be withdrawn into a valid FCRA account of the NGO or a partnered NGO with a valid FCRA account. 

  • Other Fundraisers - USD donations raised can only be transferred through an NGO, it can be a partnered NGO of Milaap or any NGO of the beneficiary’s choosing.
    Please note: For withdrawing any amount in USD, bills of at least that amount need to be provided at the time of withdrawal. For eg. - If I wish to transfer 100 USD to the beneficiary’s account, I must provide unique bills of at least 100 USD. 


Note:
All withdrawal requests will be verified by our Verifications team before processing. Bills are a must to ensure a smooth transfer of funds. For smooth processing of INR donations, please ensure bills amounting to 70% of the requested amount are provided.

Remittance of foreign funds without a valid FCRA certificate can lead to regulatory action & hence to safeguard Milaap & you as a fundraiser, we can either have the foreign donations transferred to the above available options or we will have to disable the option of accepting foreign donations.


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