How to Change Your Bank Account on Etsy:Step-by-Step Payment Guide
Switching banks? Moving to a business account? This guide walks you through updating your Etsy deposit account, verifying new bank details, handling pending payments during the transition, and avoiding common mistakes that delay your funds.
🏦Quick Answer: How to Change Bank Account on Etsy
To change your bank account on Etsy: Go to Shop Manager → Finances → Payment settings → Deposit settings → Click "Change" next to your bank account → Enter new bank details → Verify with micro-deposits (1-3 business days).
Etsy requires bank verification before processing deposits to a new account. Plan ahead — the verification process can take up to 5 business days.
Why Sellers Change Bank Accounts
Common reasons to update your Etsy deposit account
| Reason | What to Know |
|---|---|
| Switching to business account | Recommended for tax separation and professional accounting |
| Changing banks | New bank offers better features, rates, or service |
| Account closed | Must update before Etsy attempts next deposit |
| Fraud or compromise | Change immediately and notify Etsy support |
| Moving countries | Requires new bank in your current country of residence |
| Joint to individual | Transitioning to sole ownership |
Important: Etsy only deposits to bank accounts in the same country as your shop's registered address.
Before You Change Your Bank Account
Prepare these items before starting the change process
Checklist Before Starting
Check pending deposits
Wait for any in-progress deposits to complete
Note your deposit schedule
Know when your next deposit is scheduled
Have new bank details ready
Routing number and account number
Verify account ownership
Account must be in your name (or your registered business name)
Allow 3-5 business days
For verification process
What You'll Need
| Information | Where to Find It |
|---|---|
| Bank routing number | Bank website, app, or check (9 digits in US) |
| Account number | Bank statement or online banking |
| Account type | Checking or savings (checking recommended) |
| Account holder name | Must match your Etsy account or registered business |
How to Change Your Bank Account on Etsy
Step-by-step instructions
Log into your Etsy seller account
Access your Etsy account through the website.
Go to Shop Manager
Navigate to your Shop Manager dashboard.
Click Finances in the left sidebar
Find the Finances section in the navigation menu.
Select Payment settings
Click on Payment settings to access your bank details.
Find Deposit settings section
Locate the Deposit settings area on the page.
Click Change next to your current bank account
Start the bank account change process.
Enter your new bank account information
Fill in the required details for your new account.
- • Routing number (9 digits for US banks)
- • Account number
- • Confirm account number
- • Account type (checking or savings)
Click Save
Submit your new bank account details.
Etsy sends two small deposits (micro-deposits) to verify the account
Etsy will initiate the verification process.
Check your new bank account in 1-3 business days
Look for the verification deposits in your new bank account.
Return to Etsy Payment settings and enter the deposit amounts
Confirm the amounts to verify account ownership.
Your new bank account is now active for deposits
Verification is complete and future deposits will go to your new account.
Verifying Your New Bank Account
Understanding the micro-deposit process
The Micro-Deposit Process
- Etsy sends two small deposits — Usually $0.01 to $0.99 each
- Wait 1-3 business days — Deposits appear in your new bank account
- Note the exact amounts — You'll need to enter these in Etsy
- Return to Payment settings — Enter the amounts to verify ownership
- Verification complete — New account is now active
Verification Timeline
| Step | Timeframe |
|---|---|
| Initiate change | Immediate |
| Micro-deposits sent | Same day or next business day |
| Deposits arrive | 1-3 business days |
| Enter verification amounts | 5-10 minutes |
| Account fully active | Immediate after verification |
Total time: 2-5 business days
What If Micro-Deposits Don't Appear?
- Wait the full 3 business days — They can be delayed
- Check the correct account — Make sure you're looking at the new account
- Look for small amounts — Filter transactions for amounts under $1
- Check pending transactions — Some banks show them as pending first
- Verify routing/account numbers — Typos are the most common issue
- Contact Etsy support — If deposits don't appear after 5 business days
Bank Account Change: Key Numbers
What Happens During the Transition
Understanding pending deposits and deposit schedule impact
Pending Deposits
- Deposits already in progress continue to your OLD bank account
- Future deposits go to your NEW bank account after verification
- No payments are lost — They go to whichever account was active when initiated
Deposit Schedule Impact
| Scenario | What Happens |
|---|---|
| Change mid-cycle | Current deposit goes to old bank, next deposit to new bank |
| Change right before deposit | May delay deposit by 1-2 days during verification |
| Unverified new account | Deposits continue to old account until verification complete |
Best practice: Change your bank account right after a deposit completes to allow maximum time for verification.
Adding Multiple Bank Accounts
Understanding Etsy's bank account policies
Can You Have Multiple Deposit Accounts?
Etsy allows only one active deposit account at a time. However, you can:
- • Switch between accounts as needed
- • Save multiple accounts in some regions (varies by country)
- • Change your deposit account at any time
Business vs Personal Accounts
| Account Type | Pros | Cons |
|---|---|---|
| Personal checking | Easy to set up, familiar | Mixed with personal finances |
| Business checking | Clean tax records, professional | May require business registration |
| Savings | Higher interest | Some banks limit transactions |
Recommendation: Use a dedicated business checking account for easier tax preparation and financial tracking.
Troubleshooting Common Issues
Solutions for common bank account change problems
"Bank Account Already in Use"
Cause: The account is linked to another Etsy shop.
Solutions:
- Remove the account from the other shop first
- Ensure you're using the correct account number
- Contact Etsy if you only have one shop
"Verification Failed"
Cause: Entered amounts don't match micro-deposits.
Solutions:
- Double-check the deposit amounts (include cents)
- Wait another day — deposits may still be processing
- Re-initiate the verification process
- Contact your bank to confirm deposit amounts
"Invalid Routing Number"
Cause: Incorrect routing number or unsupported bank.
Solutions:
- Verify routing number on your bank's website
- Use ACH routing number (not wire transfer number)
- Some credit unions have different routing numbers for electronic transfers
- Try a different account if bank isn't supported
"Account Holder Name Doesn't Match"
Cause: Bank account name differs from Etsy account.
Solutions:
- Use an account in your registered name
- Update your Etsy account name if legally changed
- For business accounts, ensure business name matches exactly
- Contact Etsy support for name mismatch resolution
"Deposit Failed"
Cause: Bank rejected the deposit.
Solutions:
- Verify account is still open and active
- Check account isn't frozen or restricted
- Ensure account accepts ACH deposits
- Contact your bank to confirm no blocks on deposits
- Re-verify or change to a different account
Country-Specific Considerations
Bank account requirements vary by country
United States
- • Use ACH routing number (9 digits) — not wire transfer number
- • Both checking and savings accounts accepted
- • Business accounts require matching business name
United Kingdom
- • Use sort code (6 digits) and account number (8 digits)
- • Must be UK-based bank account
- • Business accounts accepted
Canada
- • Use institution number, transit number, and account number
- • Canadian bank accounts only
- • Both personal and business accounts accepted
Australia
- • Use BSB (6 digits) and account number
- • Australian bank accounts only
- • Minimum deposit thresholds may apply
European Union
- • Use IBAN for account identification
- • Must match shop's registered country
- • SEPA transfers for deposits
Deposit Schedule and Timing
Understanding your deposit options
Understanding Your Deposit Schedule
| Schedule | When Funds Arrive |
|---|---|
| Daily | Next business day |
| Weekly | Every Monday |
| Bi-weekly | Every other Monday |
| Monthly | 1st of each month |
Changing Deposit Frequency
To change how often you receive deposits:
- Go to Shop Manager → Finances → Payment settings
- Find Deposit schedule
- Select your preferred frequency
- Save changes
Note: More frequent deposits = smaller individual amounts. Choose based on your cash flow needs.
Security Best Practices
Protecting your payment information
Protecting Your Payment Information
- • Never share your Etsy password or bank details
- • Enable two-factor authentication on your Etsy account
- • Use a unique password for your Etsy account
- • Monitor transactions regularly for unauthorized activity
- • Update immediately if your bank account is compromised
Signs of Payment Fraud
Watch for:
- • Unexpected deposit destination changes
- • Emails asking for bank verification (Etsy never asks via email)
- • Login attempts from unknown locations
- • Unauthorized shop or account changes
If compromised: Change your Etsy password, update bank account, enable 2FA, and contact Etsy support immediately.
Best Practices for Changing Bank Accounts
Common Mistakes to Avoid
❌Don't Do This
- •Close your old bank account before new one is verified
- •Use a bank account that isn't in your name
- •Ignore failed deposit notifications — resolve immediately
- •Share bank details via email or unsecured channels
- •Forget about pending deposits — they go to the original account
- •Wait until last minute to change accounts if closing a bank
- •Assume instant activation — verification takes 2-5 days
✅Do This Instead
- •Wait for pending deposits to complete before changing accounts
- •Double-check routing and account numbers before submitting
- •Keep your old bank account open until verification completes
- •Use a business account if you're running a serious shop
- •Enable two-factor authentication for account security
- •Save confirmation emails documenting your changes
- •Test with a small deposit after verification if possible
Frequently Asked Questions
Everything you need to know about changing your bank account on Etsy.
This guide reflects Etsy's policies and features as of February 2026. Payment settings, deposit schedules, and bank verification procedures may change without notice. Always verify current details in your Etsy Payment settings or contact Etsy support for the most accurate information. This content is for informational purposes only and does not constitute financial advice.
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