New Banking Account
We recently switched to a new bank for our buiness and have switched everything over to the new bank with the exception of our Amazon Seller Accout for deposits. The reason I have held off is because I have read several instances where many sellers did the same thing by changing banks and when adding/replacing it to their amazon account, Amazon deactivated their accounts. I had no issues with anyone else including Walmart, Ebay, Newegg, etc. however Amazon has me a little worried about changing. Amazon is the only one I have left to change before I can close the account.
Any experinces or suggestions to help avoid this from happening? I cannot afford to lose or get my Amazon account deactivated. Not sure why Amazon is so picky about things, I mean afterall people change banks all the time, not sure why Amzon has an issue with this.
New Banking Account
We recently switched to a new bank for our buiness and have switched everything over to the new bank with the exception of our Amazon Seller Accout for deposits. The reason I have held off is because I have read several instances where many sellers did the same thing by changing banks and when adding/replacing it to their amazon account, Amazon deactivated their accounts. I had no issues with anyone else including Walmart, Ebay, Newegg, etc. however Amazon has me a little worried about changing. Amazon is the only one I have left to change before I can close the account.
Any experinces or suggestions to help avoid this from happening? I cannot afford to lose or get my Amazon account deactivated. Not sure why Amazon is so picky about things, I mean afterall people change banks all the time, not sure why Amzon has an issue with this.
2 replies
Emet_Amazon
Hello @Seller_JYcMpQG9Q4aqQ,
Thank you for posting your concerns with updating your bank account details.
As this is a concern with attempting to update your bank account details I am reaching out to our community managers to follow up and offer guidance on your concerns.
The forums community and I are here to support you. Please let us know how we can help you from this point forward.
Emet.
Josh_Amazon
Hello @Seller_JYcMpQG9Q4aqQ,
This is Josh from Amazon. Thank you for contacting our Forums!
I understand that you want to change your bank information. In this case, it is important to understand that, as per policies, "Whenever you add or change your bank account information, a three-day security hold goes into effect. Fund transfers cannot be initiated until the hold expires, including those from any settlement cycles that close during the hold period. We recommend that you do not update your bank account within three days of your next regularly scheduled disbursement to avoid any delays in payments. Only the primary account owner can make changes related to payment information."
Source: Add, update, view, and verify your bank account information
Please visit above page for the instructions on how to add, update, view and verify your bank account information.
If you encounter any issues while in the process, don't hesitate on contacting our Seller Support team.
Kind regards,
-Josh
