Bank account requirements for Shopify Payments

Only certain types of bank accounts are eligible to receive payouts from Shopify Payments.

To be eligible, a bank account must be a checking account or current account that can receive transfers and is eligible to receive payouts in a currency that Shopify supports for your country. If you have more than one store, then you can use the same bank account for Shopify Payments payouts.

Checking accounts that are set up to accept only wire transfers don't work with Shopify Payments. Savings accounts, flex-currency accounts, and money-transferring services that mimic bank accounts aren't supported by Shopify Payments. Although non-Shopify virtual accounts are supported, you might experience more payout failures with these accounts.

To confirm that your account can accept the transfer type listed for your region, contact your bank.

If your bank or bank account details change, then you can update the information in your Shopify Payments settings. Learn more about editing bank account information.

Bank account requirements by country

Depending on where your business is located, there might be additional bank account requirements for Shopify Payments. The bank account must have the corresponding transfer type and currencies required for your country.

Bank account requirements by country

Country	Requirements
Australia	AUD bank account located in Australia Eligible for BECS transfers
Austria	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE Eligible for SEPA transfers
Belgium	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE Eligible for SEPA transfers
Canada	CAD or USD bank account Eligible for ACH transfers
Czechia	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE CZK bank account located in Czechia Eligible for SEPA transfers
Denmark	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT DKK bank account located in Denmark Eligible for SEPA transfers
Finland	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LT, LU, NL, NO, PT, SE Eligible for SEPA transfers
France	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LT, LU, NL, NO, PT, SE Eligible for SEPA transfers
Germany	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT Eligible for SEPA transfers
Hong Kong	HKD bank account located in Hong Kong SAR China Eligible for HKD transfers
Ireland	EUR bank account located in the Republic of Ireland Eligible for FPS transfers
Italy	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE Eligible for SEPA transfers
Japan	JPY bank account located in Japan
Netherlands	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT Eligible for SEPA transfers
New Zealand	NZD bank account located in New Zealand Eligible for BECS transfers
Portugal	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GI, IE, IT, LU, NL, NO, PT, SE Eligible for SEPA transfers
Romania	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GI, IE, IT, LU, NL, NO, PT, SE, RO RON bank account located in Romania Eligible for SEPA transfers
Singapore	SGD bank account located in Singapore Eligible for recurring transfers from Shopify
Spain	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT Eligible for SEPA transfers
Sweden	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE SEK bank account located in Sweden Eligible for SEPA transfers
Switzerland	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, IE, IT, LU, NL, NO, PT, SE CHF bank account located in Switzerland Eligible for SEPA transfers
United Kingdom	GBP bank account located in the United Kingdom Eligible for FPS transfers
United States	A Shopify Balance account Alternatively: USD bank account located in the United States Eligible for ACH transfers

For more information, refer to the list of requirements for each supported country.