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.

List of countries and the requirements for being able to use a bank account in each country with Shopify Payments.
Country	Requirements
Australia	AUD bank account located in Australia Eligible for Bulk Electronic Clearing System (BECS) transfers
Austria	EUR bank account with an International Bank Account Number (IBAN) beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Belgium	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Bulgaria	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Canada	CAD or USD bank account Eligible for ACH transfers
Croatia	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Cyprus	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) 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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI CZK bank account located in Czechia Eligible for Single Euro Payments Area (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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI DKK bank account located in Denmark Eligible for Single Euro Payments Area (SEPA) transfers
Estonia	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Finland	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
France	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MT, NL, NO, PL, PT, RO, SE, SI, SK, SM Eligible for Single Euro Payments Area (SEPA) transfers
Germany	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Gibraltar	GBP 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, PL, PT, SE Eligible for Single Euro Payments Area (SEPA) transfers
Greece	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Hong Kong	HKD bank account located in Hong Kong SAR China Eligible for HKD transfers
Hungary	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, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE HUF bank account located in Hungary Eligible for Single Euro Payments Area (SEPA) 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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Japan	JPY bank account located in Japan
Latvia	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Liechtenstein	A bank account that matches one of the following: EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI CHF bank account located in Liechtenstein Eligible for Single Euro Payments Area (SEPA) transfers
Lithuania	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Luxembourg	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
Malta	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Mexico	MXN bank account located in Mexico Eligible for SPEI transfers
Netherlands	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (SEPA) transfers
New Zealand	NZD bank account located in New Zealand Eligible for BECS transfers
Norway	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, LT, LU, NL, NO, PL, PT, RO, SE NOK bank account located in Norway Eligible for Single Euro Payments Area (SEPA) transfers
Poland	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, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE PLN bank account located in Poland Eligible for Single Euro Payments Area (SEPA) transfers
Portugal	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI RON bank account located in Romania Eligible for Single Euro Payments Area (SEPA) transfers
Singapore	SGD bank account located in Singapore Eligible for recurring transfers from Shopify
Slovenia	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, CH, DE, DK, EE, ES, FI, FR, GB, GI, GR, HR, HU, IE, IT, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE Eligible for Single Euro Payments Area (SEPA) transfers
Spain	EUR bank account with an IBAN beginning with any of the following prefixes: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI Eligible for Single Euro Payments Area (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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI SEK bank account located in Sweden Eligible for Single Euro Payments Area (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, BG, CH, CY, CZ, DE, DK, EE, ES, FI, GB, GI, GR, HR, HU, IE, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI CHF bank account located in Switzerland Eligible for Single Euro Payments Area (SEPA) transfers
United Kingdom	GBP bank account located in the United Kingdom Eligible for Faster Payment Service (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.

Using a bank account with multiple signors

Banks enhance security with multiple signors to protect changes to the account rather than affecting regular transactions. If your account is set up to receive Automated Clearing House (ACH) transfers, then Shopify can transfer funds to it. Learn more about bank account requirements.

Bank account debit authorizations

Your bank might require authorization details before allowing Shopify Payments to debit your account for fees, refunds, or chargebacks. Shopify uses various third-party payment processors to handle bank transfers, so the authorization details that your bank needs depend on your region.

If your bank requests debit authorization information, then provide the details for your region from the following table.

Stripe debit authorizations

Stripe processes Shopify Payments bank debits in most regions. The following table lists the debit scheme and authorization details that your bank might need for each region.

Stripe debit authorization details by region for Shopify Payments.
Region	Debit scheme	Authorization details
United States	Automated Clearing House (ACH)	ACH IDs: WFMSTRIPE1 SHOPIFYPMT 3270465600 2270465600 4270465600 1800948598
Canada	Pre-authorized debit (ACSS)	Payee IDs: 8277216, 8022049
United Kingdom	Bankers' Automated Clearing Services (Bacs) Direct Debit	Service User Number: 714613
Australia	Bulk Electronic Clearing System (BECS) Direct Debit	Stripe Payments Australia Pty Ltd, ACN 160 180 343 Direct Debit User ID: 507156
New Zealand	Bulk Electronic Clearing System (BECS) Direct Debit	Authorization code: 0228196
European Union (EU) countries	Single Euro Payments Area (SEPA) Direct Debit	Creditor ID: DE16ZZZ00001941136 Creditor name: Stripe Payments Europe Ltd

For the full terms of Stripe's debit authorization for your region, refer to Stripe's bank debit authorizations.

PayPal debit authorization

If you're using Shopify Payments in the United States or Shopify Payments in France, then your payments might be processed by PayPal. Provide the following details to your bank if they request PayPal's debit authorization information.

PayPal debit authorization details by region for Shopify Payments.
Region	Debit scheme	Authorization details
United States	Automated Clearing House (ACH)	ACH ID: SHOPIFYPMT
France	Single Euro Payments Area (SEPA) Direct Debit	Refer to PayPal's Shopify debit authorization.

Adyen debit authorization for Shopify Payments in France

If you're using Shopify Payments in France, then your payments might be processed by Adyen. Provide the following details to your bank if they request Adyen's debit authorization information.

Adyen SEPA debit authorization details for Shopify Payments in France.
Detail	Value
Creditor ID	NL48ZZZ342764500000
Creditor name	Adyen N.V.
Beneficiary	Adyen N.V.
Registered address	Simon Carmiggeltstraat 6–50, 1011 DJ Amsterdam, The Netherlands

Understanding refunds and their impact on Shopify Payments payouts

When you issue a refund, the resolution process is different depending on your bank account location. Shopify Payments might issue a debit for the refunded amount in some regions, and in other regions, the refunded amount is offset by future sales. To understand how refunds affect your Shopify Payments payouts, learn more about negative balances on Shopify Payments.