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When providing us your bank account information for the first time, we verify it before sending you a payout by depositing a small sum around a dollar or less into your account. This is done to make sure we can avoid sending money to the wrong account. Go ahead and keep the change! It’s on us.
We only need to verify the account once (which takes a couple business days), then you will receive your payouts as normal. Your bank account will not be automatically verified. Instead, its status will change to pending verification. Within a few days, you should receive an email letting you know if the verification was a success (and any instructions if it was not), and the status of your bank account will update accordingly.
Cool fact! You can add a payment method and set up split payouts amongst multiple bank accounts.
Keywords:
ach, bank deposit, verify, payout method
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