How to receive payouts - Direct to Local Bank
To receive payouts Direct to Local Bank please follow the steps below :
- 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.
- Choose Your Payout Method
- Select Direct to Local Bank as your payout method.
- Click Set Up to proceed.
- 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
- On the "Direct to Local Bank" setup page, enter your personal and bank details.
- Review and Confirm
- Once all information is entered, click Next to review your details.
- Ensure everything is accurate before submitting.
- 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.
- 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