Sometimes we anticipate we'll need more money than we do, we get it! With Float, it's easy to get excess funds withdrawn back to your original bank account. The process of withdrawing funds back to your bank account can take an up-to 5 business days from the initial request. We advise only withdrawal of funds unless absolutely necessary, to save you time!
To start the Withdrawal process, follow these steps...
Send us an email at firstname.lastname@example.org with the following information...
*Please note: Only Administrators and Primary Administrators can make bank account connection changes*
Subject: Your Business Name - Requesting Withdraw of Funds to Bank Connection
Please provide a brief explanation of why you are requiring a withdrawal of funds back to your business bank account! This information will assist our risk team in making swift movement on your withdrawal!
1. A digital copy of a valid government-issued ID Example: Drivers Licence, Passport, Indian Status Card
2. The amount in CAD that you would like to withdraw to your bank account Example: CA$1000.00
(If the withdrawal is coming from your USD Float account, please include the USD amount)
Once we get this information, we can have this request sent off to our risk team for approval!
Some Important Information Regarding Transferring To/From Float
Float follows the processing standards of the Canadian Banking System. Because Canadian banks process Electric Fund Transfers (EFT's) in batches, instead of real-time, the processing time, once a funds transfer is initiated, can take up to 3 business days!
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