# Payouts to connected accounts

Manage payouts and external accounts for your platform's connected accounts.

By default, any [charge](https://docs.stripe.com/connect/charges.md) you make on behalf of a connected account accumulates in the connected account’s [balance](https://docs.stripe.com/connect/account-balances.md) and is paid out on a daily rolling basis. Depending on the configuration of your connected accounts, your platform can manage their payouts as follows:

* Schedule [the frequency of automatic payouts](https://docs.stripe.com/connect/manage-payout-schedule.md)
* Perform [manual payouts](https://docs.stripe.com/connect/manual-payouts.md)
* Settle funds [instantly](https://docs.stripe.com/connect/instant-payouts.md)
* When using [destination charges](https://docs.stripe.com/connect/destination-charges.md) or [separate charges and transfers](https://docs.stripe.com/connect/separate-charges-and-transfers.md), retain funds in your platform balance

In versions of Connect earlier than 2018, payouts were known as bank transfers and used the deprecated `transfers` API. For information about bank transfers, see the legacy [Transfers](https://docs.stripe.com/connect/legacy-transfers.md) documentation.

## Payout management configurations

For connected accounts with access to the full Stripe Dashboard or Express Dashboard, the account holder manages their external *payout* accounts (bank accounts and debit cards), but the platform can schedule payouts. To schedule payouts for an account that has access to the full Stripe Dashboard, the platform must configure [Platform controls](https://docs.stripe.com/connect/platform-controls-for-stripe-dashboard-accounts.md) for the account.

For connected accounts without access to a Stripe-hosted Dashboard, the platform manages their external payout accounts and can schedule their payouts.

## Supported settlement currencies 

To see which currencies you can use to settle funds in a particular country, select that country from the following dropdown.

For a list of supported presentment currencies, see the [currencies](https://docs.stripe.com/currencies.md#presentment-currencies) documentation.

Platforms can also enable their connected accounts to settle funds and pay out to banks in certain non-primary currencies, or pay out to non-domestic bank accounts in the local currency. In some cases, Stripe charges a fee. For more information, see [multi-currency settlement for Connect marketplaces and platforms](https://docs.stripe.com/connect/multicurrency-settlement.md).

### Use webhooks with payouts 

You can track all payout activity on connected accounts with webhooks by creating an [event destination](https://docs.stripe.com/event-destinations.md) and listening for these events:

* `payout.created`
* `payout.updated`
* `payout.paid`
* `payout.failed`

For most payouts, event notifications occur over a series of days. Instant payouts typically send `payout.paid` within 30 minutes.

When a payout can’t be completed, a `payout.failed` event occurs. The event’s `failure_code` property indicates the reason. A failed payout also disables the external account involved in that payout, triggering an `account.external_account.updated` event. No payouts can be made to that external account until the platform updates the connected account’s external accounts.