Before you can receive payouts, you’ll need to add your bank account details to your Mollie Dashboard. We’ll review this information when you start receiving payments.
What bank account can I use?
For processing transactions through Mollie, you can use either a personal or a business bank account.
If you're a sole trader, you can use a personal bank account to receive payouts. However, for activating and using some payment methods, you may need to provide a business bank account.
Verifying your bank account
To verify your bank account, you have two options:
- Link your bank account via Plaid to securely share your bank details.
- Make a verification payment to confirm your bank details.
Once your bank account is verified, we will check the following:
- The account holder's name matches the trade name on your business registration. For sole traders, the account name should match either the legal representative’s name or the registered trade name.
- You are using a business account with an IBAN or UK account number. Only sole traders can use a private bank account.
- The verification payment is made from the same bank account that is registered on your Mollie account.
If one or more of these details are incorrect, your bank account will not be approved and we’ll send you an email to provide a different bank account.
Good to know
- Some banks do not immediately allocate the correct name to a new bank account and will show a temporary name instead. We won’t be able to match a temporary account name to a verification payment, so you should only make a verification payment when your bank account shows the correct name.
- If you need to change your bank account details, you’ll be asked to use two-factor authentication (2fa).