How to set up bank account details on Stripe

beginner 8 min read Updated 2026-03-18

Quick Answer

Setting up bank account details on Stripe involves navigating to your Dashboard settings, adding your bank account information under the Payouts section, and completing identity verification. The process typically takes 2-7 business days for approval depending on your country and account type.

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Prerequisites

Active Stripe account
Valid business or personal bank account
Banking details including routing and account numbers
Government-issued ID for verification

Step-by-Step Instructions

Access your Stripe Dashboard

Log into your Stripe account and navigate to the Dashboard. Click on Settings in the left sidebar, then select Payouts from the menu options.

Ensure you're logged into the correct Stripe account if you manage multiple businesses.

Navigate to Bank Accounts section

In the Payouts settings page, locate the Bank accounts section. Click Add bank account to begin the setup process. You'll see options for different account types based on your business structure.

Enter bank account information

Fill in your banking details including:

Account holder name (must match your legal name or business name)
Routing number (9-digit number for US banks)
Account number
Account type (checking or savings)

Double-check all information for accuracy before proceeding.

Have your bank statement or checkbook ready to ensure you enter the correct routing and account numbers.

Verify account ownership

Stripe will initiate account verification through one of two methods:

Instant verification: Connect your bank account through a secure banking login
Micro-deposits: Wait 1-2 business days for small test deposits, then return to confirm the amounts

Choose your preferred verification method and follow the prompts.

Instant verification is faster but requires your online banking credentials through a secure third-party service.

Complete identity verification

Upload required documents for identity verification:

Government-issued photo ID (driver's license, passport, or state ID)
Business documents (if applicable, such as EIN confirmation or articles of incorporation)

Ensure documents are clear, unobscured, and show all four corners.

Take photos in good lighting and avoid shadows or glare that might make text difficult to read.

Set payout schedule

Configure your payout preferences in the Payout schedule section:

Choose Automatic for regular scheduled payouts or Manual for on-demand transfers
Select your preferred payout frequency (daily, weekly, or monthly)
Set any minimum payout amounts if desired

Daily automatic payouts are available for most established accounts, while new accounts typically start with weekly payouts.

Review and confirm setup

Review all entered information on the confirmation page. Check that your bank details, business information, and payout settings are correct. Click Save bank account to complete the setup. You'll receive an email confirmation once your account is approved and ready to receive payouts.

Keep your Stripe account information up to date, especially if you change banks or business details later.

Common Issues & Troubleshooting

Bank account verification failed

Ensure the account holder name exactly matches your legal name or registered business name in Stripe. Check that you entered the correct routing and account numbers, and verify the account is active and in good standing.

Micro-deposits not received

Wait up to 2 business days for micro-deposits to appear. Check with your bank as some institutions may hold or flag small unusual deposits. Ensure you provided the correct account number and that the account accepts ACH transfers.

Identity verification documents rejected

Upload clear, high-resolution images showing all four corners of your ID. Ensure documents are current and not expired. Avoid screenshots and use original photos. Make sure your name matches exactly across all documents and your Stripe account.

Payouts are delayed or on hold

New accounts often have initial holds while Stripe reviews activity patterns. Ensure all account information is complete and accurate. Contact Stripe support if holds persist beyond the expected timeframe, and be prepared to provide additional business documentation.

Prices mentioned in this guide are pulled from current plan data and may change. Always verify on the official Stripe website before purchasing.

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