How to Update and Verify 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.

The name on your bank account must match the name or business entity you have entered on your Legal and tax information page.

The format you must enter for your bank account varies by country. Find the bank account format for your country.

Once you update your bank account, your net earnings will be available for deposit 6 days after you update your bank account.

Jump to a section:

US bank accounts

US sellers update bank details by using a third party service provided by Plaid. Plaid allows you to verify your bank details with them to help ensure your deposits go to the right place. Learn about Plaid’s security measures. When you use Plaid to verify your bank account details, you agree to Plaid’s terms, including Plaid’s Privacy Policy.

When opening your shop, add your bank details on the How you’ll get paid page.

To update your bank details after your shop is open:

  1. On Etsy.com, select Shop Manager. On the Sell on Etsy app, tap More and Your shop.
  2. Choose Finances.
  3. Select Payment settings.

  1. Select Add or Connect your bank with Plaid.
  2. On the Plaid popup, confirm we’ve got the right name on file with your bank.
  3. Choose Instant to log in with your online banking username and password, where this is supported by your bank.
  4. Search for your bank.
  5. Select your bank in search.
  6. Sign in with the same username and password you use for your online bank account.

For most sellers, verifying your bank details with Plaid is instant. Depending on your bank, you may need to enter your bank account and routing numbers. If you’re using a mobile device, you may be asked to verify your bank by signing in to your bank’s mobile app.

Some smaller banks and credit unions may require a period of 3–5 business days to verify your details. If you’re in the process of opening your shop, you’ll need to wait until this is completed before you can finish opening. We’ll notify you by email when your bank is verified.

Do I have to enter an online banking username and password?

You don’t need an online banking username and password to verify your bank account. You can verify with test deposits to your bank account by choosing Manual instead of Instant for How would you like to connect your bank account? when opening Plaid.

If you’re able to use an online banking username and password, verifying is usually easier. Verifying with test deposits requires waiting for the deposits to arrive in your bank account and manually entering them on Etsy via Plaid.

I’m getting an error, or I don’t see my bank in Plaid’s search

If an error prevents you from proceeding, or if you can’t find your bank in Plaid’s search, you can still manually verify your bank account with test deposits.

Choose Link with account numbers on the Plaid screen where you see an error message or no results in search. You can also choose Manual instead of Instant on Plaid’s first screen.

How to manually verify your bank with test deposits

As an alternative to entering your username and password for online banking, you can verify your bank account with your bank account routing and account numbers. Plaid will send 2 small test deposits to your bank account. Once you see the test deposits in your bank account, you can go back to the Plaid popup in your payment settings to enter the amounts.

It may take as little as 1 business day for the test deposits to appear, although most sellers will receive it within 3-5 business days. 

  1. In your Payment settings, select Add or Connect your bank with Plaid, and choose Manual for How would you like to link your bank account?
  2. Select Continue.
  3. Enter your routing number and select Continue.
  4. Enter your bank account number and select Continue.
  5. Choose whether the account is Personal or Business and Continue.
  6. Enter your name and Continue.
  7. Select Checking or Savings and Continue.
  8. Choose to Authorize deposits and withdrawals.
  9. Begin checking your bank account after 1 business day, so your bank has time to receive the test deposits. Most will receive the test deposits within 5 business days.
  10. Once you see the deposits in your bank account, go back to the How you’ll get paid page.
  11. Choose I’ve received my microdeposits.
  12. Enter the first and second deposit amounts and Continue.

You must complete the verification within 30 days or your shop will be suspended until you verify.

If the deposit amounts you enter aren’t correct, you can try again by re-entering your bank account information. After several failed attempts to enter and verify your bank details, your shop may be suspended, and you’ll be required to contact Etsy Support for further help.

Why did Etsy begin requiring US sellers to use Plaid to verify bank accounts?

Previously to enacting Plaid for US sellers, when a US seller updated their bank details, the ownership of the bank account wasn’t verified. Etsy is required to ensure that shop owners are the recipients of deposits from sales. After researching many ways to verify bank details, Etsy found that Plaid offers Etsy shops a quick and secure way to verify. For sellers who decline to use an online banking username and password to instantly verify, Plaid offers a manual solution. We are committed to the privacy and security of members. Etsy currently uses Plaid for no other purpose than bank verification.

Bank accounts outside the US

If your bank account is located outside the US, you can update your bank details in your Payment settings.

If your shop was opened after March 1, 2022, you can add your bank account after your first sale. Be sure to add your bank details within 30 days of your first sale to avoid your shop being suspended. You’re required to verify your bank details within 60 days or your shop will be suspended.

  1. On Etsy.com, select Shop Manager. On the Sell on Etsy app, tap More and Your shop.
  2. Choose Finances.
  3. Select Payment settings.
  4. Choose Update next to Bank details. You may need to confirm your current bank details on file.
  5. Enter your new bank details.
  6. Select Save.

Verifying your bank account

After updating your bank details, you must verify your bank account before you can receive any funds from your sales.

My bank account is in a different currency from my Payment account

If your bank account is in a different currency from your Payment account currency, you can upload a bank statement for verification. We’ll review it within 5 business days.

  1. On Etsy.com select Shop Manager.
  2. Choose Finances.
  3. Select Payment settings.
  4. Choose Update next to Bank details. You may need to confirm your current bank details on file.
  5. Under Bank country & currency, choose My bank account is in another currency. Note that we can only pay out in your Payment account currency..
  6. Select Save and upload bank statement.
  7. Drag and drop or select a file of your bank statement.
  8. Choose Submit.
  9. Select Save.

We’ll issue deposits in your Payment account currency, even if your bank currency is different.

My bank account is in the same currency as my Payment account

If your bank account is in the same currency as your Payment account, you’ll receive a small deposit from Etsy within 5 business business days after you update your bank account or begin verifying your bank account after your first sale. The deposit will be processed by our third party payment partners, such as Adyen or Envoy via WorldPay.

Once you receive the small deposit in your bank account, enter the amount in your Payment settings on Etsy.

How do I get a test deposit after my first sale?

Be sure to send the small deposit your bank details within 30 days of your first sale to avoid your shop being suspended.

  1. On Etsy.com or the Sell on Etsy app, go to Shop Manager.
  2. Go to Finances.
  3. Choose Payment settings.
  4. Choose Verify Account next to Bank details.
  5. Select Save & send small deposit.

How do I verify my bank account after I get the small deposit?

Wait until you see the small deposit in your bank account. Then, return to your Payment account on Etsy. 

  1. On Etsy.com or the Sell on Etsy app, go to Shop Manager.
  2. Go to Finances.
  3. Go to Payment account.
  4. Select Verify account.
  5. Enter the amount of the small deposit from Etsy you see in your bank account. The deposit may appear as from WorldPay, Envoy, or Adyen.
  6. Select Verify account.

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

You may be asked to upload a bank statement for verification if you enter the wrong deposit amount multiple times. We’ll review your bank statement within approximately 5 business days.

What if I have trouble verifying my bank account?

I see Come back later and can’t enter the deposit amount.

  • You must return later, even if you’ve received the deposit.
  • Continue to check back each day. You’ll be able to enter your deposit amount on Etsy within a few days.
  • Etsy Support isn’t able to remove the Come back later message.

I’m entering the amount, but Etsy says it’s wrong.

  • Enter the small deposit exactly as it appears on your statement.
  • Be sure you’re entering the most recent deposit. You might have received multiple test deposits if you tried updating your bank account more than once. All earlier deposits will be void.
  • It can take up to 5 business days after updating your bank account to receive the small deposit.
  • If you update your bank account on Etsy and check your statement soon after, you may see an outdated small deposit. Wait until you get the new small deposit.

I haven’t received the small deposit

  • Wait 5 business days. If you don’t see the deposit after 5 business days, enter your bank details again to have a new deposit sent to your bank account.
  • If you still don’t receive the deposit, contact your bank to confirm your account details or try adding a different bank account.

I verified my bank account but I’m still suspended

  • If you reach the maximum attempts to verify, or don’t verify your bank account within 60 days of updating your bank details, your shop will be suspended.
  • If you reach the maximum attempts to verify, you will be asked to upload a bank statement to complete the verification before we can reinstate your shop. We’ll review your bank statement within approximately 5 business days.
  • If you’ve located your small deposit and have the option to verify, do so on Etsy.com and not the Sell on Etsy app before reaching out to Etsy Support for help reinstating your shop.
  • It’s not possible to verify on the Sell on Etsy app while suspended.

New bank account is in a different country than 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 select Contact support at the bottom of this page for help updating your bank to the new country.

If you’re anywhere else

It’s not possible to change to a bank account to 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.

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 US

You can update your bank account in your Payment settings with Plaid. Learn more.

You’ll be required to verify your bank details with Plaid within 30 days or your shop will be suspended.

Sellers outside the US

If your bank account is located outside the US you will need to verify your bank account before you can receive any funds from your sales.

If your shop was opened after March 1, 2022, you can add your bank account after your first sale. Be sure to add your bank details within 30 days of your first sale to avoid your shop being suspended.
You’re required to verify your bank details within 60 days or your shop will be suspended.

My bank account is in a different currency from my Payment account

If your bank account is in a different currency from your Payment account currency, you can upload a bank statement for verification. We’ll review it within 5 business days. We’ll issue deposits in your Payment account currency, even if your bank currency is different.

To verify your bank account when your Payment account currency is different: 

  1. On Etsy.com select Shop Manager.
  2. Choose Finances.
  3. Select Payment settings.
  4. Choose Update next to Bank details. You may need to confirm your current bank details on file.
  5. Under Bank country & currency, choose My bank account is in another currency. Note that we can only pay out in your Payment account currency..
  6. Select Save and upload bank statement.
  7. Drag and drop or select a file of your bank statement.
  8. Choose Submit.
  9. Select Save.

My bank account is in the same currency as my Payment account

If your bank account is in the same currency as your Payment account, you’ll receive a small deposit from Etsy 2–3 business business days after you update your bank account or begin verifying your bank account after your first sale. The deposit will be processed by our third party payment partners, such as Adyen or Envoy via WorldPay.

Once you receive the small deposit in your bank account, enter the amount in your Payment settings on Etsy.

  • You must return later, even if you’ve received the deposit.
  • Continue to check back each day. You’ll be able to enter your deposit amount on Etsy within a few days.
  • Etsy Support isn’t able to remove the Come back later message.
  • Enter the small deposit exactly as it appears on your statement.
  • Be sure you’re entering the most recent deposit. You might have received multiple test deposits if you tried updating your bank account more than once. All earlier deposits will be void.
  • It can take up to 5 business days after updating your bank account to receive the small deposit.
  • If you update your bank account on Etsy and check your statement soon after, you may see an outdated small deposit. Wait until you get the new small deposit.
  • Wait 5 business days. If you don’t see the deposit after 5 business days, enter your bank details again to have a new deposit sent to your bank account.
  • If you still don’t receive the deposit, contact your bank to confirm your account details or try adding a different bank account.
  • If you reach the maximum attempts to verify, or don’t verify your bank account within 60 days of updating your bank details, your shop will be suspended and you may need to contact Etsy.
  • If you’ve located your small deposit and have the option to verify, do so on Etsy.com and not the Sell on Etsy app before reaching out to Etsy Support for help reinstating your shop.
  • It’s not possible to verify on the Sell on Etsy app while suspended.
Did this help?
Why didn’t this article help you? (select all that apply, required question)

Thanks for your feedback!

Still have questions?

Contact support