Changing your verified bank account information on Shopify is straightforward and ensures your payments are directed to the correct account. Whether you’ve switched banks or need to update your account details, keeping your payment information accurate is essential for smooth transactions. 

In this guide, we’ll walk you through the steps to update your bank account on Shopify, along with tips to ensure the process goes smoothly.

How To Change Verified Bank Account Information on Shopify for Desktop

If you’ve switched banks or need to update your bank details, changing your verified bank account on Shopify is pretty simple. Here’s a step-by-step guide to help you out:

• Step 1: Go to Settings and Select Billing

First, log in to your Shopify admin and click on “Settings” at the bottom left of your screen. Then, go to Billing to manage your payment details.

• Step 2: Click Change Bank Account

Within the Billing Information section, find the “Change Bank Account” option. However, this feature is exclusively available to Shopify Plus plan users. If you cannot find it, you need to upgrade your current plan to access this functionality. 

• Step 3: Update Your Bank Account Info

Now, you can change the details you need, like your account number, routing number, or the account holder’s name. 

Step 4: Click Start Verification

• Once you’ve updated your info, click “Start Verification” to kick off and confirm your new bank account before making it active.

Step 5: Confirm the Deposits

Within 1-3 business days, Shopify will send two small deposits (usually under $1.00) to your new account. When you see those deposits, go back to your Shopify Billing settings, and enter the exact amounts into the verification fields.

Step 6: Set the New Bank Account as Your Active Payment Method

Once you confirm the deposits, you can set the new bank account as your active payment method. 

If you want this account to be the primary one for payments, check the box next to “Make this bank account my active payment method.” If not, you can constantly update it later.

How To Change Verified Bank Account Information on Shopify for Mobile Version

If you prefer managing your Shopify store on the go, you can easily update your verified bank account information using the Shopify app on your mobile device. 

• Step 1: Once logged in, tap the Store symbol at the bottom right of your screen. From there, scroll down and tap Settings to access your store’s settings.
• Step 2: In the Store settings section, tap “Payments.” 
• Step 3: Under Shopify Payments, tap “Edit” to change your bank details, such as your account number, routing number, and account holder’s name. 
• Step 4: After double-checking everything, tap “Save” to confirm the changes.

Final Thoughts

Changing your verified bank account information on Shopify is simple on desktop or mobile. Just follow the steps we covered to update your payment details and ensure everything stays smooth with your Shopify payouts. 

FAQs

Can I change my verified bank account on Shopify?

Yes, you can easily change your verified bank account in Shopify by going to Settings > Billing on desktop or Settings > Payments on mobile.

How long does it take to update my bank account on Shopify?

It takes 1-3 business days for Shopify to verify your new bank account after you’ve entered the new details and confirmed the deposits.

What happens if I make a mistake while updating my bank account?

If you enter incorrect bank information, the verification process will fail. You can edit the details again and restart the verification process.

Do I need to verify my bank account every time I make a change?

Yes, when you update your bank account information, Shopify will send small deposits to verify the new account, just like when you first set it up.