bulk-transfers.md

Bulk Transfers

Bulk transfer means sending funds via one financial transfer, which you can then give to one or multiple Collectives.

Once the fiscal host confirms the funds have been received, they allocate that amount to your Organization, which you (and your team) can then distribute to Collectives as you wish.

Different fiscal hosts may have different processes for bulk transfers. Before sending, please confirm their policies and payment details, and let the fiscal host know to expect the funds.

Bulk transfer process

1. Set up an Organization
2. Request an invoice from the fiscal host if needed
3. Confirm the fiscal host's payment details
4. Send the funds via bank transfer or other agreed method
5. Fiscal host confirms receipt
6. Fiscal host allocates the funds to your Organization's balance
7. Go to the Collective you want to support
8. Select the contribution amount you want to give
9. Select your Organization as the source of funds
10. Done!

Open Source Collective bank details

The Open Source Collective is the fiscal host which houses most open source software projects on the platform.

Address:
Open Source Collective
340 S Lemon Ave #3717
Walnut, CA. 91789, USA

Bank details:
Bank name: Umpqua Bank
Bank address: 450 Sansome St.
Account name: Open Source Collective
Account Number: 4864122231
ABA: 123205054
SWIFT: UMPQUS6P