How to receive payouts - Direct to Local Bank

Updated 1 week ago by Deepika

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):

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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