How to Update Your Bank Account for Etsy Payments Deposits

The bank account on file for Etsy Payments is the bank account where your available sales funds will be deposited, per your deposit schedule. Learn how to set up your deposit schedule.

To update your bank account:

  1. On Etsy.com or the Sell on Etsy app, click the Your Account icon, then click Shop Manager. (If your shop isn’t open, learn how to update your bank account.)
  2. Click Finances.
  3. Click Payment settings.
  4. Click Update next to Bank details. You may need to confirm your current bank information on file.
  5. Enter your bank account information.
  6. Click Save.

Once you’ve updated your bank account, your Etsy Payments funds will be on hold for five days to protect your account from any possible misuse.

Bank account verification for bank accounts in the EU, Hong Kong, Singapore or Switzerland

If your bank account is located in the EU, Hong Kong, Singapore or Switzerland, you will need to verify your bank account before you can receive any funds from your sales.

After you update your bank details, you’ll receive a small deposit from Etsy. You’ll need to enter the small deposit amount in your Payment account in order to verify your bank account for compliance purposes.

You’ll receive emails from Etsy to remind you to verify your bank account to continue to get paid.

To verify your bank account:

  1. On Etsy.com or the Sell on Etsy app, click the Your Account icon, then click Shop Manager.
  2. Click Finances.
  3. Click Payment account.
  4. Click Verify bank.
  5. Enter the amount of the small deposit received in your bank account.
  6. Click Verify bank.

You will also see a Verify bank button in Shop Manager under the Shop advisor section. This will link directly to verifying your bank account.

If you don’t verify your bank account within 90 days of updating your bank details, your shop will be suspended.

Bank account verification for US bank accounts

A small test deposit should appear in your account within three to seven days. This is a courtesy to let you know that deposits are working properly. Once you see the deposit, no further action is required on your part. We don’t issue these deposits to bank accounts outside of the United States.

My new bank account is in a different country than my old account

If you’re in the eurozone

If your current bank account is located in the eurozone of Europe and you’re moving to another country within the eurozone, you can click Contact support at the bottom of this page to contact Etsy Support to update your bank to the new country.

If you’re everywhere else

It’s not possible to change to a bank account in another country.

The best option is to open a new Etsy shop. With your new shop, you can set your bank account to one in your current country. However, you can’t merge Etsy accounts or transfer information from your original shop to your new shop. This means that shop data, including listings, reviews, or sales numbers, can't be moved over to a new account. You can include the URL for your original shop in your new shop to display your reviews and sales numbers to shoppers.

How to update your bank account if your shop isn't open yet

To update your bank account if your shop isn't open yet:

  1. On Etsy.com, click Your shop.
  2. Choose the Get Paid tab.
  3. Click Update bank details.
  4. Enter your bank account information.
  5. Click Save.

Learn more about opening your shop.

You can update the bank account for your shop in your Shop Manager. To add your updated bank information, you'll first need to confirm the bank account details you previously had on file.

If you’re having trouble confirming your previous bank details, we suggest getting in touch with your bank directly. While this might be an old or outdated account, the bank should keep this information on file for 7 years. By getting in touch with your bank, you’ll generally get your previous bank details quickly.

If you still need help, you’ll need to provide answers to verification questions. Click I still need help and answer the verification questions in the email form. For security reasons, please do not provide us with your full bank details.

The format of your bank account that’s required to receive deposits varies by country. Your bank can provide more information on the format you should use, as well as confirm your bank account details to ensure they’re entered correctly on Etsy. 

Find the accepted bank account format for your country.

Sellers in the EU, Hong Kong, Singapore or Switzerland

If your bank account is located in the EU, Hong Kong, Singapore or Switzerland, you need to verify your bank account before you can receive any funds from your sales. 

After you update your bank details, you’ll receive a small deposit from Etsy. You’ll need to enter the small deposit amount in your Etsy Payment account to verify your bank account. 

You’ll receive emails from Etsy to remind you to verify your bank account to continue to get paid.

To verify your bank account:

  1. From your Payment account, click Verify bank.
  2. Enter the amount of the small deposit received in your bank account.
  3. Click Verify bank.

If you don’t verify your bank account within 90 days of updating your bank details, your shop will be suspended.

Sellers in the US

A small test deposit should appear in your account within three to seven days. This is a courtesy to let you know that deposits are working properly. Once you see the deposit, no further action is required on your part. We don’t issue these deposits to bank accounts outside of the United States.

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