To receive funds for payments you’ve processed, Stripe makes deposits (payouts) of your available account balance into your bank account that you have provided with your Stripe account. This account balance is comprised of different types of transactions (e.g., payments, refunds, etc.).
Once you start processing with Stripe, your first payout is made 7-10 days after your first successful payment is received.
Subsequent payouts are then processed according to your account’s payout schedule. This allows Stripe to mitigate some of the risks inherent in providing credit services.
You can view a list of all of your payouts and the date that they are expected to be received in your bank account in your Stripe Dashboard.
Adding your bank account information
Your bank account information is required when activating your account. The type of bank account information required depends on where your bank account is located.
Updating your bank account information
You can update your account details at any time in the payout settings of your Stripe Dashboard, which you can access by clicking Settings underneath the Balance section in the navigation sidebar. Click the Edit button next to the desired bank account to modify your banking information.
By default, Stripe automatically creates payouts of your available account balance based on the schedule specified in the Stripe Dashboard. The schedule used is dependent on your country and whether your business operates in a higher-risk industry.
When a payment is first received, it is initially reflected as a pending balance (less any Stripe fees). This balance becomes available according to your payout schedule. For instance, it takes seven days from a payment being received to it being paid out for Stripe accounts on a 7 day rolling schedule.
The schedules you are able to choose from are as follows:
- 2 day rolling
Payouts of your available account balance are made daily and contain payments processed two business days prior (this is how long it takes for your pending account balance to become available on this schedule). For example, payments received on a Tuesday are paid out by Thursday, and payments received on a Friday are paid out by Tuesday.
If your business operates in a higher-risk industry, this schedule may not be immediately available. We required a short period to monitor your business activity before it can be enabled, in which case a 7 day rolling schedule would apply instead. This delay protects your business, customers, and Stripe from the increased risk of fraudulent activity.
- 7 day rolling
Payouts are made daily and contain payments processed seven calendar days prior. For example, payments received on a Tuesday are paid out by the following Tuesday.
Alternative payout schedules
If you would prefer to receive payouts on a fixed schedule, you can choose to have them sent either weekly or monthly in your account’s payout settings. When selecting a weekly schedule, you can specify the day of the week that payments should arrive in your bank account. For a monthly schedule, you can specify the day of the month. Payouts scheduled between 29-31st of the month are sent on the last day of shorter months.
Selecting either a weekly or monthly schedule does not change how long it takes for your pending balance to become available. If your account was previously operating on a 2 day rolling schedule, it still takes two business days for your pending balance to become available. For instance, if a Stripe account changes from a 2 day rolling to weekly on Fridays, the available balance includes payments made in the last week before Wednesday.