# Bank Transfers ## Bank Transfers Hosts can receive money directly from their bank account (via bank transfer) and then allocate those funds to a given collective via the dashboard. Financial Contributors are able to choose 'Bank Transfer' as a payment method: ![](/files/-M2-TzQfaesRH7zgjZOE) The instructions for the wire transfer are sent to them via email with a unique transaction identifier. Once the money has been received in the Host's bank account, and admin of the Host will be able to mark the transaction as received in the Host Dashboard and the funds will be added to the collective's budget. ![](/files/-M2-V8siF5hDPSYeKKV_) To set up this option, please go to your fiscal host settings and look under receiving money. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.opencollective.com/help/fiscal-hosts/receiving-money/bank-transfers.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.