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Verify Your Bank Account for Payouts

Complete identity verification so Hospitable can release your Direct booking payouts

Written by Dawn Ginie Santoyo

After adding a bank account, you must complete verification before receiving payouts.

This process is required for compliance (KYC - Know Your Customer) and is handled securely by the payment provider.


Why Verification Is Required

  • Confirms your identity and bank details

  • Prevents fraud and payment failures

  • Enables payouts to be released

You can accept bookings before verification is complete, but payouts will be held until your account is verified.


Start the Verification Process

  1. Go to Settings → Payments & Payouts

  2. Find your bank account

  3. Click ••• → Verify payout method

  4. Complete the verification form

Payments and Payouts page with option to verify a bank account


Verification Methods

Instant verification (Plaid)

  • Log in to your bank account securely

  • Your bank confirms details automatically

  • Usually completed within minutes


Manual verification

If your bank is not supported:

  • Enter account details manually

  • Upload a supporting document

Accepted documents:

  • Bank statement

  • Deposit slip

  • Official bank letter or email

  • Screenshot of online banking

Requirements:

  • Name must match your account

  • Document must be less than 12 months old

  • Must include bank branding and account details


What Information You’ll Need

For individuals

  • Full name

  • Date of birth

  • Address

  • Last 4 digits of SSN (US only)

  • Contact details


For businesses

  • Legal business name

  • Company registration details

  • EIN (US)

  • Registered address

You must also provide:

  • A signatory

  • A controller

  • An owner (25%+ ownership)

One person can fulfill multiple roles.


How Long Verification Takes

  • Instant verification: a few minutes

  • Manual review: 1–2 business days

If your account shows “Processing” for more than 3 business days, contact support.


What Happens to Payouts During Verification

  • Payouts are not lost

  • Funds are held temporarily

  • Once verified, payouts are released automatically


Common Reasons Verification Fails

  • Name mismatch between bank and documents

  • Missing or incomplete information

  • Expired documents

  • Missing required roles (for businesses)

If verification fails:

  • Update your details

  • Re-submit documents

  • Retry verification


Troubleshooting Verification Issues

Issue

What to do

Verification link expired

Go to Settings → Payments & Payouts, click ••• → Verify payout method to generate a new link. Links expire after 20 minutes.

Bank not found in Plaid

Search using your bank’s full legal name. If it still doesn’t appear, use the manual verification option instead.

Plaid connection error or timeout

Wait a few minutes and try again. If the problem persists, try a different browser or clear your cache.

“Failed to update” during business verification

A required field is missing or incorrectly formatted. Check all business and decision-maker fields for typos or formatting issues (e.g. phone number without country code). Re-enter the affected section and save.

General form submission errors

Clear your browser cache, try a different browser, and disable autofill — browser autofill can insert formatting the form doesn’t accept. Check your internet connection and retry.

Verification stuck on “In Review” for more than 3 business days

Contact support — your case may need escalation to the payment processor.


Entered wrong bank details?

  • Account not yet verified: Remove the bank account from your payout settings and add it again with the correct details.

  • Account already verified: Bank details cannot be edited once verified. Add a new bank account with the correct details, verify it, then assign it to your properties.

Chase Bank users: Chase may provide a substitute account number for third-party connections. Double-check the account number shown during verification, as it may differ from your actual account number.


Important Things to Know

  • Verification links expire after ~20 minutes

  • You may need to restart if the session expires

  • Verification status is shown in your payout settings

If verification is incomplete, payouts will continue to fail until all required steps are completed.

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