How To Add Your Bank Account To Shopify - (Full Guide)

how to add your bank account to Shopify simple tutorial

Hello everyone, welcome back to another video. In this video we're going to be talking

about adding our bank account to our Shopify in the easiest, most simplest way possible

And it's going to be a really fun and really straightforward tutorial

So just make sure to watch this fully till the end so you can get the full concept and gist of this

So to start things off, obviously you're going to want to make sure that the bank

providers that you have are correlated and co-connected with your Shopify, right

And to actually check that, we're going to need to go into our settings, right

So to go into our settings, what you're going to do, obviously you're going to come here in the bottom left

And once you come here into the bottom left, you're going to go over to the payment section. And here is your payment section over here

Now there's different methods to add this, okay? So first of all, there's the payment providers

which is providers that enable you to accept payment methods at a rate set by the third party

So there's choose a provider, then there's supported payment methods, payment methods

that are available with one of Shopify's approved payment providers. And then there's manual payment method. So let's start from the bottom

So you have manual payment method, which has bank deposit, okay? Then you have supported payment methods, which has different, you know, providers

So you can search by payment method, like let's say I'm going to write bank, right

No bank will appear here because it gives you these transferable banks, right

And it gives you banks that are actually aligned with your actual Shopify

And then you can also search by provider, like let's say your bank has some separate

provider over here that gives you all these cards. You can have that as well

But I'm just going to go with the payment method. And you're going to go into the other payment methods and go with the bank you have, okay

So let's say I have a certain bank, let's go with any bank that they give us

Let's go with the CIMB bank, right? So you're going to go with CIMB bank

and it gives you the four providers that actually give you this type of bank

So you're going to go with any provider that like they all have 0% transaction fee

which is pretty incredible. And then go with a provider that gives you more options for payments. So you can add through CIMB bank, Visa, MasterCard

So let's go with this, FasterPay, okay? So once you do this, here it says account status

You are not currently connected. Click connect to actually connect your CIMB bank to FastPay

So we're going to click on connect. And once you click on connect, it takes you

to the loading central, where it's going to give you the option to connect a provider to your store

So I'm just going to wait for it to load in real quick. And as things load in, what is going to

happen from here is that you can connect it to FasterPay, or you can provide your Webhook secret

key. Now to connect to FasterPay, it's going to open up a whole dashboard where it's going to

authorize a login section. So you are going to want to make sure to create an account with

FasterPay. Once you create an account with FasterPay, you're simply going to link your

bank account, add your details. It's going to take like a few hours to verify everything

And from there, that's how you can add a payment method through this. Now you can now also choose

a provider over here that gives your bank technically. So you could, let's say, I'm just

going to write bank over here. And once you write bank, it should give you different providers that

provide that certain bank for you. So as you can see, you have Mesa Bank over here, you have JCB

Bank, and all these different banks for different providers. You can choose these as well. But the

best method that I found, the most efficient method that I found, is payment method. So payment

methods, these are made outside your online store. So I'm going to do this and I'm going to click on

bank deposit. Now over here, just simply what you're going to do is you're going to add the

details of your bank, okay? You're going to tell the people that, hey, this is my bank. Obviously

this would be a bit of a hassle because people would have to like go to their PayPal or, you know

bank provider and then transfer to your bank. But this is one of the best ways to, you know, actually

add a bank account to your Shopify. It isn't a hassle for you, but it is a hassle for the customer

So if you're more on the satisfactory side for the customer, then I would recommend just going

with the supported payment method and adding a bank because in that way, obviously, it will be a

hassle for you in the start. But later on, you're going to be getting payments straight into your

bank and the actual customer that's going to be sending those payments will be sending it through

the store. So let's say I'm going to, you know, add the details and then I'm going to give them

the payment instructions. You know, I'm going to tell them the bank, I'm going to tell them the code, where they're going to send everything. And once you write all that, you're going to click on

activate bank deposit. OK, add your necessary details. And here it says bank deposit is activated

Now, when someone actually goes ahead and buys something off of your store, like let me give you

an example. I'm going to come to my online store over here just for a test gateway, you know, just

to test if things actually work. I'm going to go into this product. Let's say I'm going to click

on add to cart. And once you click on add to cart, what's going to happen? There we go. So we're

going to click on checkout now. And once you click on checkout, basically from there on out

what's going to happen is people are going to get a payment. You could say with it where they're

going to be given the details that I just entered that, hey, you're going to need to send this

payment to my bank details. And then obviously you you will have your bank details provided

so people can get a idea of where they're actually going to send the details to. Right

So, you know, it's really simple to get a hold of this is really simple to get a basic understanding

of all of this. Right. So simply start all those necessary things. And again, if you don't want to

go with the hassle, simply go into your supported payment methods and choose any bank of yours

you know, could be Bank of America or, you know, any bank providers that you have. Like, let's say

I'm going to go with some American Express as well, or you can go with Chase Bank. You know

if it doesn't give you Chase Bank, you can obviously go ahead with any other bank you have

You can go with these Tana chart banks. Once you do that, it gives you the providers again

click on it, install the providers and then create an account with the provider and then simply

connect your account. One more way that you can do this, which is a pretty well off way is by

choosing Payoneer as your provider. Right now, Payoneer is a very, you could say, well-known

provider. And Payoneer basically gives you the privileges of adding a bank account. So basically

if you write Payoneer checkout, people are obviously going to pay through their Visa

MasterCard or American Express card. But if you create an account on Payoneer

like I have an account on Payoneer, you can connect your bank account to Payoneer. And once

people pay you your proceedings or the money that they send you will go straight to your Payoneer

account. And from there, you can just withdraw it to your bank. And that's one of the easiest and

best ways you can actually get money to your bank account. So I hope this tutorial was extremely

helpful to you. And if you need any more videos like this, please do tell me. I am always available

and I will give you the easiest step to step guides for any type of videos that you demand

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