Cool! Around how long after a grant has been evaluated and approved does it take before the money gets to someone? Maybe this differs depending on which country you’re from and whether you’re an individual or organization, but I’d be asking for individuals.
In a typical case, it takes a week to complete due diligence, and up to 31 days for the money to be paid out (because we currently do the payouts in monthly batches). So from decision to “money in the bank account” it takes 1–6 weeks, typically 3.5 weeks. I think the country shouldn’t matter too much for this. Because most grantees care more about having a definite decision than the money actually arriving in their bank account, this waiting time seemed fine to us (though we’re also looking into ways to cut it short).
That said, if the grantseeker indicates that they need the money urgently, and they submit due diligence promptly, the payout can be expedited and should take just a few days.
Cool! Around how long after a grant has been evaluated and approved does it take before the money gets to someone? Maybe this differs depending on which country you’re from and whether you’re an individual or organization, but I’d be asking for individuals.
In a typical case, it takes a week to complete due diligence, and up to 31 days for the money to be paid out (because we currently do the payouts in monthly batches). So from decision to “money in the bank account” it takes 1–6 weeks, typically 3.5 weeks. I think the country shouldn’t matter too much for this. Because most grantees care more about having a definite decision than the money actually arriving in their bank account, this waiting time seemed fine to us (though we’re also looking into ways to cut it short).
That said, if the grantseeker indicates that they need the money urgently, and they submit due diligence promptly, the payout can be expedited and should take just a few days.
Got it, thanks! Yeah 3.5 weeks is fine, and it’s cool too that the payout can be expedited if needed.