How to receive payouts - Direct to Local Bank

To receive payouts Direct to Local Bank please follow the steps below :

  1. Access the Payout Settings
    • Go to your account settings.
    • Select Payout Settings from the sidebar menu.
    • Click on "Set Up Payout Method" to begin the process.
  2. Choose Your Payout Method
    • Select Direct to Local Bank as your payout method.
    • Click Set Up to proceed.
  3. Fill in the Required Information
    • On the "Direct to Local Bank" setup page, enter your personal and bank details.
      • Contact Email: Provide the email associated with your account.
      • Phone Number: Enter your phone number.
      • Name & Address: Input your name as it appears on your bank account, along with the address provided by your bank.
      • Bank Details: Enter your bank's details
  4. Review and Confirm
    • Once all information is entered, click Next to review your details.
    • Ensure everything is accurate before submitting.
  5. Confirmation of Account
    • After submitting your details, wait for your account to be confirmed.
    • If successful, you’ll see a confirmation message, and your account will appear as below in the payout settings.
  6. Troubleshooting
    • If you receive a "Your bank account is not payable" message in your email, it means there was an error with your bank details.

  • Return to the Payout Settings to correct the details or set up a new payout method.

By following these steps, you can successfully set up your payout method on Arc & Codementor. If you encounter any issues, reach out to support@arc.dev for further assistance.

Supported countries and currencies (subject to change):

Aland Islands - EUR

Estonia - EUR

Israel - ILS

Poland - PLN and EUR

Albania - ALL

Finland - EUR

Italy - EUR

Portugal - EUR

Australia - AUD

France - EUR

Latvia - EUR

Romania - RON and EUR

Austria - EUR

French Guiana - EUR

Lithuania - EUR

Singapore - SGD

Belgium - EUR

Germany - EUR

Malta - EUR

Slovakia - EUR

Bosnia and Herzegovina - BAM

Gibraltar - EUR

Martinique - EUR

Spain - EUR

Brazil - BRL

Greece - EUR

Mexico - MXN

Sri Lanka - LKR

Bulgaria - BGN and EUR

Guadeloupe - EUR

Monaco - EUR

Sweden - EUR

Canada - CAD and USD

Hong Kong - HKD

Morocco - MAD

Switzerland - CHF and EUR

Croatia - EUR

Hungary - EUR

Netherlands - EUR

Thailand - THB

Cyprus - EUR

Iceland - EUR

New Zealand - NZD

Turkey - TRY

Czech Republic - CZK and EUR

India - INR

Norway - EUR

United Kingdom - GBP

Denmark - EUR

Indonesia - IDR

Pakistan - PKR

United States - USD

Egypt - EGP

Ireland - EUR

Philippines - PHP

Vietnam - VND

Note:

  • Estimate fee for USD account in the US (including virtual accounts, eg Wise): $3
  • Estimate fee for non-USD account not in US: $7 + foreign exchange tiered fee


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