Payout | Adding a Domestic Bank Recipient

Before You Begin

• Recipient information (Business or Individual)
• Recipient bank account details
• The payment currency supported by the recipient's bank account and the corresponding local clearing network, if applicable

Adding a Domestic Bank Recipient

1. Open the Payout page: Go to Fincance > Subotiz Accounts > Payout.

2. Open the Recipients page: Click Recipients, then click New recipient.

3. Select the account type: Select Domestic Bank Account.

4. Select the recipient type: Under Recipient type, choose Business or Individual.

5. Enter recipient information: Complete the required information based on the selected recipient type.
   Before entering the bank account details, select:
   • Country / Region
   • Receiving Currency
   • Transfer Method (Local Clearing Network)
   Some countries and regions support multiple local clearing networks, including FPS, RTGS, ACH, and SEPA. Select the transfer method supported by the receiving bank.
   The required bank account fields are displayed automatically based on the selected transfer method. Required information varies depending on the selected Country / Region, Receiving Currency, and Transfer Method. Complete all required fields displayed on the page.

• Individual: Complete the information under Card holder information, including:
  • First name
  • Last name
  Then complete the information under Recipient details, including:
  • ID number (optional)
  • Nickname (for your reference only)
  • Email address (optional)
  • Country / Region
  • State (optional)
  • City (optional)
  • Postal code (optional)
  • Address
  The required bank account fields are displayed automatically based on the selected Country / Region, Receiving Currency, and Transfer Method.

Note

Depending on the selected country or region, receiving currency, and local clearing network, you may be required to provide a Routing Number, Sort Code, IBAN, BSB, FPS ID, or other banking details. Complete all required fields displayed on the page.

6. Submit the recipient: Click Submit. Once created, the recipient is added to the Recipients list and is available for future payouts.

Important Notes

• Use the registered account name: The Account name must exactly match the name registered with the receiving bank. Otherwise, the payout may fail.
• Verify the bank account details carefully: Incorrect bank account numbers or clearing information may cause the payout to fail or be returned.
• Nickname is for your reference only: Nicknames are visible only within Subotiz Accounts and are not shared with the recipient.
• Complete all required fields: Required banking details vary depending on the selected country or region, receiving currency, and local clearing network.
• Confirm supported currencies: The recipient's bank account must support the selected payment currency. Otherwise, the payout may fail or be returned.

Next Steps

• Payout | Creating a Payout
• Payout | Managing Recipients