Bank transfers let customers send money to you directly from their bank account. Bank transfers are often used by:
- Software or services businesses accepting large, one-off payments from other businesses.
- Businesses that want a low-cost alternative to cards for large one-time consumer payments, like car or auction purchases.
Bank transfers might not be a good fit for your business if:
- You accept many low value transactions. Customers have to initiate bank transfers through their bank account, and can send the wrong amount.
- You need payments to be completed at a specific time. It may take a customer hours or even days to send payment via their bank and bank transfers have varying speeds by market
- You frequently send refunds. Most bank transfer methods don’t support refunds directly. To refund a transaction, Stripe contacts the customer to find the best way to refund them. The customer may not always respond.
At checkout, you instruct the customer to send funds to an account number provided by Stripe (known as a “virtual account number”). The customer initiates the transfer from their bank’s site, app, ATM, or in-person branch.
Some bank transfer methods let you control the amount the customer sends, or reuse virtual account numbers.
|Payment method||Customer country||PaymentIntents||Checkout||Connect||Invoicing||Subscriptions|
|ACH bank transfers and wires (beta)||United States||No||No||No|
Additional bank transfer methods
We’re currently adding bank transfers to the PaymentIntents API, which will support automatic reconciliation and refunds.
- USD bank transfers in the US
- GBP bank transfers in the UK
- EUR bank transfers in SEPA countries
- JPY bank transfers in Japan
Please contact us if you’re interested in joining one of these betas or would like to request another bank transfer method.