Bank changelog
Bank changelog
bank.hackclub.com

Hackathon grants and 0% fee

 

New

  

Hey all! Today hackathon grants are live.

In case you missed it, we’re distributing $500 grants for IRL high school hackathons with the help of FIRST.

If you're planning to run your own, check it out.

Additionally, we’re waiving the 7% fee for IRL high school hackathons until Dec 31st. That means any funds you raise between now and then are fee-free! You can check your fee status on your event’s settings page.

P.S. The first grant has already gone out!

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✍️ A helping hand for renaming transactions

 

New

  

Renaming transactions is a great way to organize your finances on Hack Club Bank. It also helps team members and supporters to understand how your organization's money is spent. Upon renaming a transaction, you'll now be provided with a dropdown list of suggestions based on similar, previous transactions in your transaction history!

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Oh yeah, deposits are instant now

 

New

  

Donations and invoices now deposit in the time it takes for you to read this sentence.

With many financial systems, money can take up to two weeks to move. But now on Hack Club Bank, gone are the days when you had to wait. Behind the scenes, we will seamlessly loan you the incoming funds.

The money will be ✨ instantly ✨ available for your pizza buying needs!

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— Gary, Ella, and Caleb

🎨 Customize your donation page

 

New

  

Want to add some pizzazz to your organization's donation page? You can now upload a logo and header image to make your donation page feel a little more like yours.

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See it in action at hack.af/donate, or try it out yourself by clicking "Donations" in your sidebar!


pssst! developers! you can now see organization logos in the API's logo field!

The Event Helper x Hack Club Bank

 

New

  

Hey fellow Bankers!

Every event needs a great venue and with a great venue comes insurance requirements… but where do you start?! A Google search lands you so many options and probably more questions than when you started…

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Partnering with The Event Helper, we’ve created a streamlined process for you to purchase event insurance on Bank without the hassle. You now have access to a simplified, custom form in your “Perks” tab, and once submitted, Bank team will provide you with a custom quote. All of the costs are directly from The Event Helper – we don't charge a fee on top!

Putting the *Hack* in Bank: the Hack Club Bank Transparency API

 

New

  

We're excited to share that Hack Club Bank now has an official public API.

The Hack Club Bank API is a read-only, unauthenticated REST API which enables you to read public information from organizations with Transparency Mode enabled. This includes transaction history like checks, ACHs, invoices, transfers, donations, as well as organizations and their respective team members.

This API will pave the way for more applications like Slack Club Bank, HackPenn's financial visualization, and your next amazing project. We can't wait to see what you ship!

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If you run into any bugs or have any feedback, please let us know at bank@hackclub.com!

— Ella, Caleb, and Gary

🔄 Safely change your organization's URL

 

Improvement

  

Have you ever wanted to change your organization's URL? Previously this was a dangerous affair; bookmarks to the old URL would just stop working, including your donation page.

Now, we'll automatically redirect your old URL to your new one! It's like magic.

You can change your organization's URL by clicking "Settings" in the sidebar. Happy hacking!

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🗞 Seasonal newsletter

 

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Starting today, Hack Club Bank will be sending out seasonal newsletters to share about new features, transparent orgs, and other awesome announcements. 🎉 Feel free to reach out to me if you didn't receive the summer edition and would like to be added!

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Instant transfers & emergency funds

 

Improvement

  

The financial system in the US is a little slow. In personal finance, that's annoying. For a hackathon organizer who needs to buy 50+ burritos while herding cats attendees & dodging taxis in NYC, slow money transfers is too much.

As of today we've improved our account transfers beta to instantly add to your balance.

Donations usually take 3-5 days from a donor swiping their card to finally arriving in your account. Hackathon organizers often zero out their balance while waiting for a donation payment to arrive.

You can now request a front for paid funds that are still in transit– if your event is happening within 7 days we'll lend you the funds via an instant transfer from us, to you. Once the event is over we'll transfer the funds back out of your account.

Eligible invoices and donations have a button to request a front:

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Keep in mind we can only front funds that we can confirm paid (ie. they swiped their card successfully, but the funds haven't arrived yet), and we may take up to 24 hours to get your request. Although we're focusing on hackathons running within 7 days, we know everyone has a different story. If you have a special circumstance, please reach out– we are happy to talk through it with you.


p.s. Users who enabled the account transfer beta will also find their transfers reflect in their budgets immediately, instead of the 3-4 days that it used to take.

🍎 Receive donations with Apple Pay

 

New

  

Little update to the donation form: donors can now contribute to your project using Apple Pay! This feature is now available to all organizations running on Hack Club Bank.

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