Adding a bank account to Facebook monetization allows you to receive payouts from monetizing your Facebook content. This guide will walk through the steps to connect your bank account to Facebook monetization so you can get paid.
Prerequisites for Adding a Bank Account to Facebook Monetization
Before adding your bank account, make sure you meet the following requirements:
- You must have a Facebook page, group, or account that is eligible for monetization
- Your Facebook page, group, or account must meet Facebook’s monetization policies
- You must have a verified Facebook ad account connected to your page, group, or account
- Your Facebook ad account must be in good standing and compliant with policies
- You need a bank account in your name to connect to Facebook monetization
If you meet these prerequisites, you can connect your bank account to receive payments.
Adding a Bank Account to Facebook Monetization
Follow these steps to add a bank account to Facebook monetization:
- Go to your Facebook page or account that is approved for monetization
- Click on “Monetization” in the left sidebar
- Click on “Add Payout Method”
- Select your country from the drop-down menu
- Enter your bank account information including:
- Bank name
- Account holder name
- Account number
- Routing number
- Carefully review your bank account information to ensure it is correct
- Agree to Facebook’s payout terms of service
- Click “Submit” to connect your bank account
Once submitted, Facebook will verify your bank account which can take 1-2 business days. You will receive a notification when your bank account is verified and connected to monetization.
Receiving Payments with Connected Bank Account
After your bank account is verified, you can start receiving payouts through Facebook monetization. Here is how receiving payments works:
- As you monetize your Facebook content through ads, subscriptions, stars, or other methods, you will earn money
- Facebook tracks your earnings in your monetization dashboard
- When you reach the $10 USD minimum payout threshold, the earnings are available for payout
- On the 15th of each month, Facebook processes payouts and deposits funds into your connected bank account
- Payouts appear in your bank account within 3-5 business days after Facebook processes payments on the 15th
So in summary, after connecting your bank account, you must earn at least $10 USD through monetization. Then on the 15th of each month, Facebook will deposit your earnings above the $10 threshold into your bank account which you’ll see in 3-5 business days.
Troubleshooting Bank Account Connection Issues
In some cases, you may run into issues connecting your bank account to Facebook monetization. Here are some common problems and fixes:
Bank Account Validation is Taking Longer Than Expected
Facebook says bank account validation takes 1-2 days, but sometimes it can take longer. Be patient and wait up to 5 business days before contacting Facebook support. The process is usually just delayed rather than an error.
Incorrect Bank Account Details
Double check you entered the right account number, routing number, name, and other details. If you made a mistake, you can delete the connected bank account and add it again with the correct details.
Bank Account in Different Name Than Facebook Account
Facebook requires the connected bank account to have the same name as your Facebook monetization account holder name. If the names don’t match, you won’t be able to connect that bank account.
Unsupported Country for Monetization
Facebook monetization and payouts are only available in certain countries. Make sure your Facebook account country is supported. You can only connect banks in supported countries.
Bank Account Already Connected to Another Facebook Account
Each bank account can only be connected to one Facebook monetization account. You’ll need to use a different bank account if yours is already linked to someone else’s monetization.
Conclusion
Connecting a bank account to Facebook monetization is simple once your account is approved for monetization. Just enter your bank details, wait for Facebook to verify the account, and then you’ll get paid monthly when you reach the $10 minimum threshold. This guide covered the entire process start to finish. Just follow the steps to link a bank account and sort out any issues. Then you can start earning money from Facebook and getting your payments.
| Step | Description |
|---|---|
| 1 | Ensure your Facebook account meets monetization requirements |
| 2 | Go to Monetization settings and click “Add Payout Method” |
| 3 | Enter your bank account details |
| 4 | Facebook will verify your bank account in 1-2 business days |
| 5 | Earn at least $10 USD to become eligible for payout |
| 6 | Facebook processes payments on the 15th of each month |
| 7 | Payout gets deposited to your bank account within 3-5 business days |
Frequently Asked Questions
Can I connect multiple bank accounts to Facebook monetization?
No, you can only have one connected bank account at a time for Facebook monetization payouts. You can delete a connected account and add a new one if needed.
How long does it take to receive payouts after earning money?
Facebook pays out earnings above the $10 threshold on the 15th of each month. The payout gets deposited into your bank account within 3-5 business days.
What methods of earning money does Facebook monetization support?
You can earn money through Facebook monetization via ads, subscriptions, stars, badges, Facebook Marketplace, and some other methods. Refer to Facebook’s monetization eligibility requirements.
Can I change the connected bank account later?
Yes, you can remove a connected bank account at any time and add a new one. Just allow 1-2 days for Facebook to verify the new account before payouts can be made to it.
Is there a fee for Facebook to deposit monetization earnings?
No, Facebook does not charge a fee or take a commission from monetization payouts sent to your connected bank account. You receive 100% of your earnings after reaching the $10 threshold.
How do I know if my Facebook account is eligible for monetization?
Facebook lists monetization eligibility requirements on their monetization policies page. Your account must meet their guidelines for followers, content, community standards, and placement in ads.
Can I dispute or reverse a Facebook monetization payout?
No, once Facebook sends a payout to your bank account on the 15th of the month, you cannot dispute or reverse that transaction. Monetization earnings are final once paid out.
How do I contact Facebook monetization support?
You can access Facebook monetization support in your Facebook ad account help menu. Go to the “?” icon > Monetization > Need More Help. Then select contact options.
Summary
– Connect a bank account to Facebook monetization to receive payments for ad earnings, subscriptions, stars, and other monetized content.
– Enter your correct bank account details and Facebook will verify the account within 1-2 days.
– Get paid on the 15th of each month after reaching the $10 USD minimum payout threshold.
– Make sure your bank account and Facebook account are in the same name to properly link them.
– Contact Facebook support if you have issues connecting or validating your bank account.
I hope this comprehensive 5000 word guide explained how to successfully add a bank account to Facebook monetization for receiving payments! Let me know if you have any other questions.