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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.

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How withdrawing funds works

Withdrawing funds follows a simple flow: initiate, process, and settle.
  1. Select an account and amount Choose the Treasury account and specify the amount to withdraw.
  2. Select a settlement account Choose the external bank account where funds will be sent.
  3. Process the withdrawal The transfer is initiated through the appropriate banking network.
  4. Funds are delivered Once processed, funds arrive in your settlement account.

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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
Settlement accounts are typically used for:
  • Moving funds back to your operating bank account
  • Managing treasury liquidity outside of Acclaim

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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
Funds are debited from your Treasury account when the withdrawal is initiated or processed.

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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  • Pending funds cannot be withdrawn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
If funds are not available in the desired currency, you can convert using FX before withdrawing.

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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
You can also track updates via webhooks.

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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
This ensures alignment between Treasury and your external accounts.

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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

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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
Last modified on March 29, 2026