Wix does not offer business checking accounts
Wix is a website builder and e-commerce platform. It does not have a banking license and does not provide checking accounts, savings accounts, or any other deposit products. If you use Wix to run an online store or service business, you will need to open a business checking account through a separate bank or financial institution.
Wix does connect to payment processors and accounting software, which means you can receive payments through Wix and then move that money into a business checking account you open elsewhere. But the account itself — the one where your money sits and where you write checks or transfer funds — must come from a bank, credit union, or online financial service that holds banking licenses.
Key Takeaways
- Wix is a website platform, not a bank, and cannot offer checking accounts or hold customer deposits.
- You must open a business checking account at a separate bank or credit union to receive and manage money from your Wix business.
- Wix can connect to payment processors like Stripe and Square, which deposit customer payments into your external business account.
- Many banks offer business checking accounts designed for online sellers and service providers, often with lower fees than traditional accounts.
- Connecting your Wix store to accounting software like QuickBooks or Xero can help you track income and expenses across both platforms.
How Wix payments reach your business account
When a customer buys something through your Wix store or pays for a service, Wix routes that payment through a third-party processor. The most common options are Stripe and Square, depending on your Wix plan and location. These processors hold the money temporarily, then deposit it into a business checking account you have already opened at a bank.
The deposit schedule depends on your processor and your bank. Most deposits happen within one to three business days, though some banks take longer to post the transfer. You can see the deposit timeline in your payment processor's settings, and your bank will show the incoming transfer in your account history.
This separation — Wix handling the store, a processor handling the payment, and your bank holding the money — is standard across all website platforms. Shopify, BigCommerce, and other e-commerce builders work the same way. None of them are banks.
What to look for in a business checking account for Wix sellers
Since you will be receiving frequent deposits from your Wix store, look for a business checking account that does not charge per-deposit fees. Some traditional banks charge $0.50 to $1.00 for each incoming transfer, which adds up quickly if you receive multiple payments per day.
Online banks and fintech services often have lower or no per-deposit fees. They also tend to have lower monthly maintenance fees than brick-and-mortar banks. However, they may not offer check-writing or in-person services, so consider what you actually need. If you rarely write checks and handle most transactions online, an online bank works well. If you need to pay vendors by check or make cash deposits, a traditional bank or credit union may be a better fit.
Look at the account's integration with accounting software. If you use QuickBooks Online or Xero, some banks offer direct feeds that automatically import your transactions, saving you hours of manual entry each month. This is especially useful if you run multiple revenue streams or have significant expenses to track.
Setting up payment deposits from Wix to your bank
The process starts in your Wix dashboard. Go to your payment settings and choose or connect a payment processor — Stripe or Square are the standard options. The processor will ask for your bank account details: your routing number, account number, and account type (checking). You can find your routing number on your bank's website or by calling customer service.
Once your bank account is linked to the processor, test it with a small transaction if possible. Some processors send a small deposit (usually under $1) to verify the account is real and in your name. You will need to confirm that deposit amount in your processor's dashboard before live payments start flowing.
After verification, deposits from customer payments will go directly to your business checking account on the schedule your processor sets. You can see pending and completed deposits in both your Wix dashboard and your bank's online portal.
Connecting Wix to accounting software
Once money is in your business checking account, you can connect that account to accounting software to track your income and expenses. Wix itself integrates with QuickBooks Online and Xero, which means you can pull in your sales data directly. Your bank account connection to the same software will show your deposits and any expenses you pay from that account.
This two-way connection gives you a complete picture: what you sold through Wix, what you received in your bank account, and what you spent. It also makes tax time simpler because your accountant or tax software can pull the same data you are already tracking.
If you do not use accounting software, at minimum download your bank statements monthly and keep records of your Wix sales reports. The IRS expects business owners to track income and expenses, and having both documents — bank statements and sales reports — protects you if there are ever questions about your income.
Alternatives if you want banking features with your store
Some fintech platforms combine website building, payment processing, and basic banking features in one place. Square Online, for example, lets you build a store and process payments, and Square also offers a business checking account through a partner bank. Shopify does not offer banking directly, but Shopify Balance provides a cash management account (not a checking account, but similar in function) for may be able to access sellers.
These all-in-one options can simplify your setup because you manage everything in one dashboard. However, they may have higher fees than using Wix with a separate bank, or they may not offer the specific features you need. Compare the total cost — platform fees, payment processing fees, and account fees — before switching.
For most Wix users, opening a business checking account at a bank and connecting it to Wix remains the most straightforward and cost-effective approach. You keep your website platform and your banking separate, which also protects your business if one service has an outage or closes.
Frequently Asked Questions
Can I use a personal checking account for my Wix store?
Technically yes, but it is not recommended. Personal accounts are not designed for business use, and mixing personal and business money makes taxes harder. Many banks also prohibit business use on personal accounts and may freeze the account if they discover it. A business checking account is inexpensive to open and protects you legally and financially.
How long does it take for Wix payments to show up in my bank account?
Most deposits arrive within one to three business days after a customer pays. Your payment processor (Stripe or Square) handles the timing, and you can see the expected deposit date in your processor's dashboard. Your bank may take an additional day to post the transfer, so plan for up to five business days in the worst case.
What if I want to keep my Wix money separate from other business income?
Open a second business checking account at your bank and link only that account to your Wix payment processor. This keeps Wix income in its own account while other business revenue goes elsewhere. Your accounting software can track both accounts separately, so you can see which revenue stream each came from.
Do I need a business license to open a business checking account for my Wix store?
Requirements vary by bank and by state. Most banks ask for an EIN (Employer Identification Number) from the IRS, which you can get for free even if you are a sole proprietor with no employees. Some banks also ask for a business license or DBA registration, depending on your state. Call your bank to ask what documents they need before you apply.
Can I use a business credit card instead of a checking account?
A business credit card is useful for paying expenses, but it does not replace a checking account. You still need a place to deposit customer payments, and most payment processors require a bank account (not a credit card) to receive deposits. Use both: a checking account to receive customer payments, and a credit card to pay business expenses.