Your bank account is used to receive all payouts from Swipe Aras. It is stored as a Transfer Instrument in Adyen's system and must be verified before payouts can be sent.
Requirements
Requirement | Details |
|---|---|
Account type | Business checking account |
Currency | Must match your account's default payout currency |
Routing number | 9-digit ABA routing number (U.S. accounts) |
Account number | Your business checking account number |
Account holder name | Must match the legal name on your Swipe Aras account |
How Your Bank Account Is Verified
Bank account verification is handled by Adyen during the hosted onboarding process. Once submitted, Adyen verifies the account details and creates a Transfer Instrument linked to your legal entity. Verification status updates are reflected in your account's onboarding status.
One Bank Account per Account Holder
All stores under your account share a single Transfer Instrument (bank account). Payouts from all your stores flow to the same bank account. If you need separate payouts to different bank accounts for different stores, contact your account manager to discuss multi-bank-account configurations.
Updating Your Bank Account
To change the bank account on file, contact your account manager. Changing bank details requires a new verification step through hosted onboarding.
Payouts may be paused while a new bank account is being verified.