Ensure your bank account meets Stripe’s requirements. Only traditional banks or recognized banking institutions are accepted. Digital banks and virtual wallets are not compatible.
Banks Accepted by Stripe
Stripe exclusively works with traditional banking institutions, which are licensed and regulated to handle direct international transactions. These include:
- Major local banks in your country.
- Established global banking institutions.
Banks Stripe Does NOT Work With
Stripe explicitly does not work with the following:
-
Digital Banks: Even if they provide international banking features, digital banks are not supported. Examples include:
- Wise
- Payoneer
- Revolut
-
Virtual Wallets and Payment Platforms:
- GCash
- PayPal
- Venmo
Recommendations for Virtual Assistants
When choosing a bank for receiving payments via Stripe, ensure the bank:
- Is a traditional banking institution.
- Has a valid SWIFT code and IBAN (if applicable).
- Supports international bank transfers without restrictions.
- Is active and not subject to monthly transfer limits.
Examples of Traditional Banks by Region:
- United States: Chase, Bank of America, Wells Fargo.
- Philippines: BPI, BDO, Metrobank, UnionBank.
- Mexico: BBVA, Santander, Banorte, Citibanamex.
- United Kingdom: Barclays, HSBC, Lloyds Bank, NatWest.
Important Notes
Using digital banks or virtual wallets can result in failed payouts, delays, or additional fees. To avoid these issues, always provide Stripe with details from a traditional bank account.
By adhering to these guidelines, virtual assistants can ensure smooth and reliable payouts from Stripe.