Yes, you can change your bank account on Etsy at any time
You can update the bank account connected to your Etsy shop whenever you need to. Etsy lets you change your account through your shop settings, and the change takes effect for future payouts. If you're switching banks, moving to a different account type, or correcting account details, the process is straightforward and takes a few minutes.
The new account information will be used for your next scheduled payout, which typically happens every 14 days. Any payouts already in progress will still go to your old account. Etsy doesn't charge a fee to change your bank account, and you can make the change as many times as you need.
Key Takeaways
- You change your bank account through your Shop Settings under Payments, not through your personal Etsy account.
- The new account takes effect for the next payout cycle, which runs on a 14-day schedule starting from your first sale.
- Payouts already in progress will go to your old account; only future payouts use the new one.
- You need your routing number and account number to add a new account, and the account must be in the name of your shop owner.
- If a payout fails because of bad account information, Etsy will retry it for up to 30 days before holding the funds.
Where to find the bank account settings
Log into your Etsy shop and go to Shop Settings. On the left menu, click Payments. You'll see a section labeled Payout Method or Bank Account depending on your region. This is where your current account information appears.
Click the button to edit or change your account. Etsy will ask you to confirm your identity before you can make changes—this usually means entering your password or verifying through email. Once confirmed, you can remove the old account and add a new one.
What information you need to add a new account
Have these details ready before you start: your bank's routing number (a nine-digit code), your account number, and the account type (checking or savings). The account must be held in the name of the person who owns the Etsy shop—you cannot use someone else's account, even a spouse's or business partner's.
If you don't know your routing number, check a blank check from your account, call your bank, or search your bank's website. Your account number appears on your checks and in your online banking portal. Double-check both numbers before submitting; a mistake will cause your payout to fail.
How long it takes for the change to take effect
The change is immediate in your settings, but it only applies to payouts that haven't been processed yet. Etsy processes payouts every 14 days. If your payout is scheduled to go out in three days, that payment will still go to your old account. The new account will receive the next payout after that.
You can see when your next payout is scheduled by checking the Payments section of your Shop Settings. It will show the date and the amount. If you need to know exactly when payouts happen, Etsy's payout schedule is based on when you made your first sale, not on calendar dates.
What happens if you change your account mid-cycle
If you change your bank account between payouts, the payout that's already in progress will go to your old account. You won't be able to redirect it once it's left Etsy's system. This is why it's best to change your account information right after a payout clears, when you know the next one is at least a week away.
If you're closing the old account, don't close it immediately after changing your information on Etsy. Wait until you're certain the last payout to that account has cleared. If a payout arrives after you've closed the account, your bank will reject it, and Etsy will hold the funds while it tries to resend the payment.
What to do if a payout fails after you change accounts
If Etsy sends money to your new account and the bank rejects it—because the account number was wrong, the account is closed, or the account is frozen—Etsy will retry the payout for up to 30 days. During this time, the money is held in Etsy's system, not in your bank.
Check your Shop Settings under Payments to see if there's a message about a failed payout. If there is, update your account information again with the correct details. Etsy will attempt to send the payout again within a few business days. If 30 days pass without a successful delivery, contact Etsy Support to find out what options you have for receiving the funds.
Changing your account if you're switching payment methods
If you're moving from direct bank deposit to a different payout method—such as Etsy Payments (which uses a debit card in some regions) or a third-party payment processor—you'll need to go through your Shop Settings and select the new method. The process is similar: you'll remove the old method and add the new one.
Not all payout methods are available in every country or region. Check what options Etsy offers in your location before you remove your current account. If you remove your bank account without setting up a replacement, Etsy will hold your payouts until you add a valid payout method.
Frequently Asked Questions
Can I use a business account instead of a personal account?
Yes. The account must be in the name of the shop owner, but it can be a business checking account if the shop owner's name is on it. If you're a sole proprietor, your personal account and business account are both acceptable as long as your name appears on the account.
What if I enter the wrong routing or account number?
Etsy won't catch the error until it tries to send a payout. When the bank rejects it, Etsy will retry for up to 30 days. Check your Shop Settings for a notification about the failed payout, then update your account information with the correct numbers. Etsy will try again automatically.
Do I lose money if I change my account?
No. Changing your account doesn't cost anything, and you don't lose any earnings. Payouts already processed go to your old account; future payouts go to the new one. The only risk is if you enter incorrect account details and the payout fails, but Etsy will retry it for 30 days.
Can I have two bank accounts receiving payouts at the same time?
No. Etsy only allows one payout method at a time. All your earnings go to whichever account you have set up. If you want to split payouts between accounts, you'll need to transfer money from your Etsy account to a second account yourself after you receive it.
How do I know if my payout went to the old or new account?
Check the date you changed your account and the payout date shown in your Shop Settings. If the payout date is before you made the change, it went to your old account. If it's after, it went to the new one. You can also check your bank statements to see which account received the deposit.