Yes, you can change your bank account on Etsy whenever you need to
You can update the bank account Etsy uses to send you payments at any time through your account settings. The process takes a few minutes and does not affect any current or past transactions. You will need your new bank's routing number and your account number — the same information you provided when you first set up payments.
Etsy does not hold your money while you make this change. If you have earnings waiting to be deposited, they will go to whichever account was connected when the payment was processed. Once you update your bank details, all future payments will go to the new account instead.
Key Takeaways
- You can change your bank account through your Etsy account settings under Payments, without contacting Etsy support.
- Your new bank's routing number and your account number are the only information you need to provide.
- Payments already scheduled will go to your old account; only new payments after the change will use the new account.
- The change takes effect when ready, but it can take three to five business days for your bank to process the first deposit to the new account.
- If you enter the wrong routing or account number, your payment will be rejected and returned to Etsy, delaying your money by several days.
Where to find the bank account settings on Etsy
Log into your Etsy account and go to Account Settings. From there, select Payments and then Payout Method. You will see the bank account currently connected to your shop. Click the option to edit or change this account.
Etsy will ask you to confirm your identity before you can make changes to your payout method. This usually means entering the last four digits of your Social Security number or answering a security question you set up when you created your account. This step protects your account from unauthorized changes.
What information you need to provide
You will need the routing number and account number for your new bank account. The routing number is a nine-digit code that identifies your specific bank or credit union. Your account number is unique to you and is usually eight to twelve digits long.
You can find both numbers on a check from your account — the routing number is on the left side at the bottom, and your account number is in the middle. You can also call your bank or log into your online banking to find these numbers. Do not use your card number; Etsy needs your actual bank account details, not your debit card information.
What happens to payments already scheduled
If Etsy has already processed a payment to your old account, that money will go there even if you change your bank details after the payment is sent. Etsy typically processes payouts once a week, usually on Thursdays or Fridays, depending on your location.
You can check when your next payout is scheduled by going to Payments and looking at the Payout History section. If you change your bank account before a payout is processed, the new account will receive that payout instead. If you are unsure whether a payment has already been sent, contact your bank to confirm.
How long it takes for the new account to receive money
Once you update your bank account information on Etsy, the change is active when ready. However, your bank will need time to process the first deposit to the new account. This usually takes three to five business days, though some banks take longer.
During this time, the money is in transit and you cannot access it. If more than five business days pass and you still do not see the deposit, check that you entered the correct routing and account numbers. If the numbers were wrong, the bank will reject the deposit and send it back to Etsy, which can delay your money by a week or more.
What to do if you entered the wrong bank details
If you realize you made a mistake with your routing number or account number, change it as soon as possible through your account settings. The sooner you correct it, the sooner future payments will go to the right place.
If a payment has already been rejected because of incorrect information, contact Etsy support through your account. Explain that your bank rejected the deposit and ask them to resubmit it to your corrected account. Resubmission can take several business days, so correct your information right away to avoid further delays.
Changing your account when you switch banks
If your bank is closing your account or you are moving to a different bank, update your Etsy bank account information before your old account closes. Once an account is closed, any deposits Etsy tries to send there will be rejected, and you will have to wait for Etsy to resubmit the payment to your new account.
Contact your old bank to find out the exact date your account will close, then update Etsy at least a few days before that date. This gives you a buffer in case there are any delays. If your old account closes before you update Etsy, do not panic — the rejected payment will come back to Etsy, and you can then provide the new account information and ask for resubmission.
Frequently Asked Questions
Can I have Etsy send payments to two different bank accounts?
No, Etsy only allows one bank account per shop. You can change which account receives payments, but you cannot split payments between two accounts. If you need money to go to multiple places, you will have to transfer it yourself after it arrives in your primary account.
What if I do not have a bank account yet?
You will need a bank account to receive Etsy payments. If you do not have one, you can open a checking account at a bank or credit union. Many banks offer accounts with no minimum balance or monthly fees. Once your account is open and you have your routing and account numbers, you can add it to Etsy.
How do I know if my payment was sent to the old or new account?
Check your Payout History in the Payments section of your Etsy account. It will show the date each payment was processed and which account it was sent to. If you are unsure, contact both banks and ask them to search for the deposit. Your bank can tell you exactly when money arrived.
Can I change my bank account if I have an outstanding balance or owe Etsy money?
Yes, you can change your bank account even if you have a balance owed. However, Etsy will continue to try to collect what you owe from whichever account is currently connected. Make sure your new account has enough funds to cover any outstanding balance, or contact Etsy support to discuss payment arrangements.
What if Etsy keeps rejecting my bank account information?
Double-check that you entered your routing number and account number correctly — even one wrong digit will cause a rejection. Make sure you are using your bank account numbers, not your debit card number. If you have checked multiple times and the numbers are correct, contact your bank to confirm the account is active and set up to receive deposits. Some banks have restrictions on which accounts can receive external transfers.