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Setting up an ACH Direct Deposit or Wire Transfer

Overview

To get paid via ACH direct deposit bank transfer or wire transfer from FastSpring, set up your payment method. To set up or update your payment method, go to SpringBoard Store Home > Account.

Under Payment Setup > Payment Method, click Choose if you have not set up a payment method at all yet, or choose Edit if you already set up a payment method.

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Click on your desired payment method.

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Descriptions of Payment Information Fields

Below are some details about some of the information requested when setting up your ACH direct deposit bank transfer or wire transfer payment.

Routing code / Sort Code

sort code is a number which is assigned to a branch of a bank for internal purposes. They are typically 6 digits in the format ##-##-## and most commonly used by banks in the United Kingdom and Ireland. In the United States, the ABA number or routing number is a nine digit bank code.

Routing / SWIFT

The SWIFT (short for Society for Worldwide Interbank Financial Telecommunication) Bank Identification Code, also known as SWIFTBIC, SWIFT ID) is an internationally-recognized system of codes for identifying banks. The code is 8 to 11 alphanumeric characters in length and contains information identifying the country, bank, location, and branch.

IBAN

An IBAN, or international bank account number, is an international standard for identifying bank accounts across national borders. It may consist of over 30 alphanumeric characters.

Direct Deposit (ACH)

For Direct Deposit (ACH), first select your Bank Country and then click Enter Direct Deposit (ACH) Information. The account currency and the required fields are dependent on the Bank Country chosen. If your Bank Country is not listed, you should click Enter Wire Transfer Instructions instead.

United States

Complete the bank account information, including your 9 digit routing / ABA number, and then complete the business address or home address information that is on file with your bank.

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Canada

The Routing Number is also known as the Branch Code in Canadian banks. Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Canadian Dollars or US Dollars. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

Australia

You must complete the bank account information, including your 6 digit BSB (Bank-State-Branch) number, your bank address information, and then complete the business address or home address information that is on file with your bank.

Denmark

Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Danish Krone or Euros. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

Liechtenstein

Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Swiss Franc or Euros. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

Norway

Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Norwegian Krone or Euros. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

Iceland

Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Icelandic Króna or Euros. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

Switzerland

Select the Account Currency, which must be the currency of the funds in your bank account and can be set to Swiss Franc or Euros. You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank.

United Kingdom

You must complete the bank account information, bank address information, and then complete the business address or home address information that is on file with your bank. The currency in your bank account must be British Pounds.

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden

You must complete the bank account information, including your IBAN, your bank address information, and then complete the business address or home address information that is on file with your bank. The currency in your bank account must be Euros.

Wire Transfer

If your Bank Country is not on the list above, you should click Enter Wire Transfer Instructions. If you want to receive a currency that is not your local currency, you should click Enter Wire Transfer Instructions. For example, if you are in the United Kingdom and would like to receive USD, the USD needs to be wired to the account in the United Kingdom.

You can receive payment via wire transfer in the following currencies:

  • USD - US Dollars
  • CAD - Canadian Dollars
  • JPY - Japanese Yen
  • AUD - Australian Dollar
  • HKD - Hong Kong Dollar
  • CHF - Swiss Franc
  • DKK - Danish Krone
  • SEK - Swedish Krona
  • NZD - New Zealand Dollar
  • SGD - Singapore Dollar
  • INR - Indian Rupee

Select the currency you want to receive and enter in all of your Bank Account Details. Then select your home or business country from the drop-down menu and enter in the rest of the address details.

Note: In Australia and New Zealand, the Routing Code / Sort code is more commonly called BSB and is always 6 digits in length, and in Canada it is more commonly called the Branch Code. In Mexico, the Bank Account Number is more commonly called the Clabe and is 18 numeric digits in length.

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Next, enter in your Bank Details, including it's name, phone number, and address information. If you know of an intermediary bank in the transfer process, enter in it's details. Click Create. Make sure to Select your new payment method.

Note: Payment changes made within 5 business days of a scheduled payment will take effect on the next scheduled payment.

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