Which Bank Accounts Are Best for Amazon Sellers in 2026?

Introduction

In late 2023 and throughout 2024, thousands of Amazon sellers saw their payouts suddenly placed on hold due to stricter bank re-verification under the U.S. INFORM Consumers Act, even though their accounts had worked for years. Previously approved bank details began failing because of minor mismatches in entity names, documentation, or banking structures, leaving earned funds temporarily frozen and support responses unclear.

At the same time, events like the Silicon Valley Bank collapse exposed how vulnerable e-commerce businesses are to banking disruptions. The takeaway is clear: for Amazon sellers in 2025, banking is no longer a back-office task but a critical operational risk, especially as verification standards and payout scrutiny continue to tighten.

In the sections ahead, we explain exactly what Amazon expects from a seller’s bank account, how to assess the best banking options for Amazon sellers, and
how to build a setup that supports growth, compliance, and long term stability instead of unexpected disruptions.

Why Does Your Bank Accounts Matter as an Amazon Seller ? 

For Amazon Sellers, bank accounts are not just payout destinations. Amazon treats your bank details as part of your identity and compliance profile.

Here’s why bank accounts matter:

1. Payout Processing

Amazon transfers your earnings to your registered bank accounts on a fixed schedule. If your account does not support ACH (for US) or SEPA (for EU), payouts can fail.

2. Currency Conversion

If Amazon Sellers sell internationally, currency exchange rates can reduce profits. Some traditional bank accounts charge 2%–5% markup. Over time, this eats into margins.

3. Fee Structure

Monthly fees, wire charges, maintenance fees, and foreign transaction costs all affect profitability. The wrong bank accounts can silently drain revenue.

4. Separation of Funds

Using business bank accounts instead of personal ones makes bookkeeping easier. It protects Amazon sellers legally and simplifies tax filing.

5. Scalability

As sales increase, you need bank accounts that handle high-volume transactions, accounting integrations, and global transfers smoothly.

What Amazon Requires From Bank Accounts (Non-Negotiables)

Amazon has strict rules for bank accounts used by Amazon Sellers.

1. Country & Currency Alignment

Not all USD bank accounts are equal. Amazon checks:

• Where the bank is located
• Whether it supports approved payout methods
• Whether the structure is direct or pooled

Generally lower-risk payout countries include: United States, United Kingdom, EU/EEA countries, Canada, Australia and Japan.

Higher scrutiny regions include: India, Singapore, Hong Kong, and the UAE.

Some bank accounts that “support USD” may still fail verification if they rely on correspondent banking.

2. Transfer Method Compatibility

For U.S. Amazon Sellers, bank accounts must support ACH. Wire-only accounts often fail.

Many sellers only discover this after payouts stop.

 3. Exact Name Matching   

The account holder name must match your seller central entity exactly. Abbreviations, missing suffixes, or trade names can cause payout holds.

Also read: How to register as an Amazon Seller

What Features Should Amazon Sellers Look for When Choosing a Bank Accounts ? 

When choosing Bank Accounts, prioritise:

• Amazon compatibility (ACH/SEPA supported)
• Multi-currency support
• Low FX and transaction fees
• Accounting software integration
• Strong mobile banking access
• Business debit and credit cards
• Low-cost international transfers

Multi-currency Bank Accounts are especially useful for international Amazon Sellers because they reduce forced conversions.

Traditional bank accounts like Chase and Bank of America are good for Amazon Sellers who want branch access and loan options.

Digital Bank Accounts like Novo, Relay, BlueVine, and Mercury offer lower fees and better integrations.

Best Bank Accounts for International Amazon Sellers 

International Amazon Sellers need Bank Accounts that support multi-currency transactions.

Popular options include:

• Payoneer – Multi-currency receiving accounts with competitive FX rates
• Wise – Borderless business accounts with local bank details
• HSBC – International business accounts (higher fees but stable structure)

Many international Amazon Sellers start with fintech bank accounts and later move to U.S.-domiciled bank accounts for long-term stability.

Common Banking Mistakes Amazon Sellers Should Avoid 

• Mixing personal and business Bank Accounts.
• Ignoring FX fees.
• Choosing wire-only accounts for U.S. payouts.
• Not reviewing account performance yearly.
• Failing to integrate Bank Accounts with accounting tools.

 How to Open the Best Bank Accounts for Amazon Sellers ?

Most banks require Incorporation documents, EIN, government ID and an initial deposit.

Steps:

• Compare Bank Accounts
• Gather documents
• Apply
• Fund the account
• Connect to Seller Central
• Complete Amazon verification

Online bank accounts usually take 3–7 business days.

Why Do Amazon Sellers Need Banking and Tax Compliance?

When selling on Amazon, your bank account and tax details must be properly aligned to avoid disruptions.

Without proper banking and tax compliance, sellers may face:

• Delayed or blocked Amazon payouts
• Account verification issues
• GST notices or tax penalties
• Difficulty receiving international payments
• Increased risk during audits

A structured setup ensures smoother operations and uninterrupted business growth.

How Ebizfiling Helps Amazon Sellers Set Up the Right Bank Account 

At Ebizfiling, we understand that setting up the right bank account starts with the right business structure.

• We register your business entity and Amazon seller account so the bank account matches your legal structure
• We ensure GST and e-commerce compliance to prevent payout holds and account scrutiny
• We set up a compliant business bank account linked correctly to your registered entity
• We obtain the Import Export Code (IEC) for cross-border Amazon sales and foreign currency receipts

For Amazon sellers in India, having a properly structured business bank account connected to a registered entity is critical. It reduces payout risks, avoids compliance issues, and ensures smooth transactions from marketplaces.

With Ebizfiling, your banking setup isn’t guesswork, it’s structured, compliant, and built for scale.

Conclusion 

In 2026, choosing the right bank accounts is no longer optional for Amazon Sellers. It affects payouts, compliance, taxes, and long-term scalability. Whether you are a U.S. seller or international, selecting compliant and scalable Bank Accounts ensures smoother operations.

The best Bank Accounts for Amazon Sellers are those that match your entity, support ACH or SEPA transfers, minimize fees, and integrate with accounting tools.

FAQs