This question is for anyone that has their payouts being sent to a Fifth Third Bank account…I’ve had issues since last October with my payouts taking 7-10 days getting into my bank account. I use Huntington. Shopify isn’t able to or won’t remedy this delay. Since Shopify partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust and Fifth Third Bank, I’m wondering if I had a Fifth Third Bank account, would that allow my payouts to return to 2-3 days? Thank you!
Topic summary
A merchant experiencing significant payout delays (7-10 days instead of the typical 2-3 days) since October is seeking solutions. They currently use Huntington Bank and report that Shopify has been unable or unwilling to resolve the issue.
Potential Solution Being Explored:
- Considering opening a Fifth Third Bank account, since Shopify partners with Stripe for payment processing and holds funds at both Evolve Bank & Trust and Fifth Third Bank
- Hypothesis: Using Fifth Third Bank directly might reduce transfer times back to the standard 2-3 day window
Status: The merchant is asking for feedback from anyone currently receiving Shopify payouts through Fifth Third Bank to verify if this approach actually improves payout speed.