Withdrawing funds allows you to move money from your Treasury accounts to an external settlement account owned by your entity. This is used to transfer funds out of Acclaim and back into your bank account.Documentation Index
Fetch the complete documentation index at: https://docs.withacclaim.com/llms.txt
Use this file to discover all available pages before exploring further.
How withdrawing funds works
Withdrawing funds follows a simple flow: initiate, process, and settle.- Select an account and amount Choose the Treasury account and specify the amount to withdraw.
- Select a settlement account Choose the external bank account where funds will be sent.
- Process the withdrawal The transfer is initiated through the appropriate banking network.
- Funds are delivered Once processed, funds arrive in your settlement account.
Settlement accounts
Withdrawals are sent to a settlement account owned by your entity.- Settlement accounts are external bank accounts
- They must be configured and verified
- Funds are transferred directly to these accounts
- Moving funds back to your operating bank account
- Managing treasury liquidity outside of Acclaim
Timing and settlement
Withdrawal timing depends on the payment rail and region.- Some methods may be near real-time
- Others take multiple business days
- Processing timelines depend on banking networks and cutoffs
Balance requirements
Withdrawals use your available balance.- You must have sufficient available funds in the selected account
- Pending funds cannot be withdrawn
- Withdrawals reduce your available balance
Tracking withdrawals
You can track withdrawals in the Console. Each withdrawal creates a transaction that includes:- Amount and currency
- Status (pending or completed)
- Source account
- Destination settlement account
- Timestamp
Reconciliation
Withdrawals should be reconciled against your external bank account. To reconcile:- Match withdrawal transactions to bank deposits
- Verify amounts and timing
- Track settlement completion
Best practices
- Verify settlement account details before initiating withdrawals
- Ensure sufficient available balance before withdrawing
- Account for settlement timing in your planning
- Monitor withdrawals until completion
Summary
- Withdraw funds by transferring money to a settlement account
- Settlement accounts are external bank accounts owned by your entity
- Withdrawals use available balance and reduce your Treasury funds
- Transactions provide full visibility and reconciliation support