How long does it take for my payouts to reach my bank account?

How long does it take for my payouts to reach my bank account?
21 Mar 2022 15:50

How long does it take for my payouts to reach my bank account?

Receiving payouts

Set up your bank account to receive payouts.
 

For you to receive funds, Stripe (or your platform) makes payouts to your bank account.

Payout availability can vary based on the industry and country you’re operating in. In most cases, when you start processing live payments from your customers with Stripe, you won’t receive your first payout until 7–14 days after receiving your first successful payment. The first payout may take longer for a number of reasons, including your country or being in a high-risk industry. Processing subsequent payouts then happens according to your account’s payout schedule.

You can view a list of all of your payouts and the date that you expect to receive them in your bank account in the Dashboard.

Connect platforms can refer to our Connect payouts documentation for information about paying out to connected accounts.

 

Adding your bank account information 

Based on your bank’s location, Stripe may require varying types of account details to activate your bank account. You can use the following dropdown to determine what bank details you need to provide for each country.

 
 
BANK ACCOUNT INFORMATION
EXAMPLE DATA
Routing Number 111000000 (9 characters)
Account number Format varies by bank

Updating your bank account information 

You can update your account details or add a new bank account at any time in the payout settings of your Dashboard, which you can access by clicking Settings in the navigation sidebar and then Bank accounts and scheduling. To modify your banking information, click the Edit button next to the desired bank account.

Supported accounts and settlement currencies

In most cases, bank accounts must be located in the country where the settlement currency is the official currency. For example, SEK bank accounts must be based in Sweden. Stripe also enables you to settle and payout to a domestic bank in select alternative currencies for a fee. To learn more about presenting and settling in alternative currencies, see alternative currencies.

In some cases, Stripe supports international currencies that don’t incur a fee. See the table below for the list of supported free currencies per country:

 

https://stripe.com/docs/payouts#payout-schedule