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🏦 Updating Your Bank Account Information

Need to change the bank account where you receive payouts? Zavo can help you update your details quickly and securely.

John Goldsmith avatar
Written by John Goldsmith
Updated over 2 months ago

🏦 Updating Your Bank Account Information
Need to change the bank account where you receive payouts? You can manage and update your payout bank details directly from your Zavo account.


πŸ”„ How to Add or Update Your Bank Account

You can update your payout bank account from either the Zavo mobile app or the Zavo web dashboard:

  1. Open the Zavo App or Dashboard

  2. Go to Settings or Profile

  3. Select Bank Accounts

  4. Press Add New Bank Account

  5. Enter your bank account information and confirm

You can store multiple bank accounts in your Zavo account.
To switch your payout destination:

  • Select the bank account you want to use

  • Press Set as Payout Account

Your payouts will now be sent to the selected account Monday–Friday at midnight.


🧾 Verification Requirements

To keep your account secure, Zavo may ask you to verify the new bank account.
This can be done in two ways:

  • Upload a recent bank statement showing the account name and number, or

  • Verify instantly via Open Banking (when available)

Important:
You can only add bank accounts in the same name as your Zavo business or personal account.
This is required for financial security and regulatory compliance.


πŸ” Why Verification Matters

Verifying bank details protects your payouts from being sent to the wrong account and ensures compliance with banking regulations.

In some cases, verification may trigger a short compliance review to confirm ownership and prevent fraudulent changes.


⏱ How Long Does It Take?

Once verified, your bank details will be updated.
Most updates are completed within 1–2 business days.

Your next scheduled payout will automatically be sent to the new account.

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