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All CollectionsVirtual FundraisingWhat is a microdeposit?
What is a microdeposit?

Double Good allows organizers to receive their fundraiser payouts via direct deposit and uses a system called Plaid to connect to direct deposit accounts. Not all organizers have access to online banking credentials in order to authorize the account, so Plaid allows for same-day microdeposit verification to still allow those organizers the ability to receive a direct deposit payout.

After entering the account and routing numbers, Plaid will make a $0.01 microdeposit to the account within 24 hours. To confirm that Double Good will process the payout to the correct account, the organizer will be asked to enter the 3-letter code that is associated with the direct deposit transaction in the payout manager. Once entered, the payout method will be added!

Didn't receive your microdeposit or enter incorrect bank information? Search here to see how to reset your microdeposit!

Last updated March 11th, 2026