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Patreon

How to Update Your Patreon Payouts

Karat Accounts avatar
Written by Karat Accounts
Updated over a week ago

Log In to Your Patreon Account: Go to https://www.patreon.com and log in.

  1. Access Payout Settings:

    • Click your profile photo (top-right).

    • Go to "Settings."

    • In the left sidebar, click "Payouts and taxes."

  2. Open Payout Method:

    • You’ll see your current payout method (e.g., PayPal, direct deposit).

    • Click the "Edit" button next to it.

  3. Remove or Replace the Old Method:

    • You may need to remove the old payout method first.

    • Click "Remove" or choose "Add a new payout method."

  4. Add Your New Bank Account:

    • Choose Direct Deposit (for U.S. only).

    • Enter your bank account number, routing number, and other required info.

    • For U.S. accounts, you'll need:

      • Account Type (Checking/Savings)

      • Routing Number

      • Account Number

      • Bank Name

      • Address info

  5. Verify Your Identity (if prompted):

    • Patreon may require identity verification (via Persona) to comply with payment regulations.

    • Follow the on-screen steps.

  6. Save and Confirm:

    • After entering the new info, hit Save.

    • Your payouts will now be sent to the new bank account.

Important Notes:

Payouts typically occur on the 5th of each month or manually on demand, depending on your settings.

Karat is a financial technology company and not a bank. Banking services provided by Grasshopper Bank, N.A., member FDIC.

Karat perks including offering APY rewards on deposits are offered by Karat. The advertised rates are effective as of 4/18/25 and are subject to change. See Deposit Account Agreement Disclosures (trykarat.com/deposit-account-agreement-disclosures) and Karat Premium Terms of Service (trykarat.com/karat-premium-terms-of-service) for details.

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