How to change bank account on Stripe: Easy guide

Panna Kemenes

Changing your registered bank account on Stripe is easy when you follow these steps.

Step by step guide on changing bank accounts on Stripe

The option to change or add bank accounts on Stripe can be found on the main dashboard/home page.

  1. On the left-hand side menu, click on ‘Settings

  2. Then click on ‘Bank accounts and scheduling’ given under the ‘payments and payouts' list.

  3. Click on the ‘edit’ button next to the currently linked bank.

  4. Provide new bank account information and click 'edit' to confirm. For payouts to a local bank account held in the U.S., Stripe usually asks for your ACH routing number which is the 9 digit number below your cheque.

  5. Click on the link sent to your registered email address to confirm the change.

  6. You might be asked to log in again and go through the 2-factor authentication but you're all set after that!

Choosing the right account to link with Stripe

Stripe generates separate balances for each currency that your customers paid in.¹ When those balances are paid out to your registered bank account (or debit card), Stripe sends them to the bank account that has the same currency.

However, if there is no registered account in the same currency, Stripe will automatically convert your money to match the currency of your registered account.¹ Where currency conversion is required, this will incur a 1% conversion fee.²

The solution to this is to register several accounts in different currencies to reduce the fee. However, banks are not usually the best option. They often only support one local currency and charge a conversion fee on top of a receiving fee.

The great news is that there are services like the Wise Business account that you can link to Stripe to receive payments in different currencies for free.

If you wish to convert payments to your local currency, there’s a small and transparent fee. With Wise Business you get one account for over 40 currencies, making it easier to organize and manage business finances.

Start saving today with Wise Business

Location and currency of your account

The type of bank account information required depends on where your bank account is located. The bank accounts must be located in the country where their settlement currency is based (e.g., USD bank accounts must be based in the US), though there are some exceptions where Stripe can payout:³

  • To a USD denominated account that was created and registered in Canada

  • To GBP bank accounts created and registered in Ireland, provided they support payouts with Bacs (check your bank to see if they support this payment method).

  • To EUR bank accounts located in any European country where Stripe is currently live, in public beta, or private beta.

Connecting your Wise Business account with Stripe

You can take advantage of the mid-market exchange rate and avoid international transfer fees using Wise Business. You can link your EUR, GBP, USD, AUD, and NZD balances with Stripe to collect payments in these currencies for free.


To connect an account in a different currency, you need to add a new account for the new currency. Follow these steps:

  1. Under the drop-down menu on the top-left corner of the main dashboard, select ‘New account’.

  2. You’ll be asked for a name for the new account

  3. Once it's created, click on ‘activate account’ from the left menu under the 'home' button.

  4. Fill in your business details (please note that you need to select a country where you wish to collect payments from) For example, if you wish to collect Euro from your customer, you should select any European countries that have Euro as their local currency otherwise you won’t be able to add the relevant account details.

  5. Once completed, click on 'settings' then ‘Bank accounts and scheduling’ given under ‘payments and payouts' list.

  6. Click on ‘add bank account’ then enter the details on the promoted field and save.

Please note that there are different payment methods for each currency. To collect funds in them, you need to activate the relevant payment method. You can activate them from the ‘payment method’ field which you can find under settings.

Join Wise Business today


  1. Stripe support page

  2. Stripe price page

  3. Stripe Docs page

All sources checked December 19, 2023.

Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Money without borders

Find out more

Tips, news and updates for your location