The time it takes for Shopify Payments to transfer funds to your bank account depends on your pay period. The funds are added to your next payout that meets this requirement. You can't receive funds if your payout is below $1, £1, or €1, depending on which currency you use in your store. For more information on the accounts that you can use, refer to the bank account requirements for Shopify Payments section in your country.
The account you use to accept payouts needs to be a Shopify Balance account, a full checking account, or a current account in the UK and Ireland. Shopify Payments transfers funds to the bank account you have entered on the Payment providers page in your Shopify admin.
