For Lyft to transfer your driver earnings, you must enter your bank and tax info in the Driver Dashboard. Always keep this info updated so your deposits transfer without delay.
Heads up: For your security, Lyft agents can’t see or change this info for you. It may be easier to use a desktop computer (if possible) instead of a phone to update this info.
Submit your bank info
We can only transfer earnings to checking accounts. We can't deposit to savings or business accounts.
In Canada, there are three parts of a bank account you'll need: the Transit number, the Financial Institution Number and Account Number.
- Your Transit number has five digits and is on the left-most side of your cheque
- Your Financial Institution Number from your bank, the three-digit number in the center of your cheque
- Your Acount number is a personal, 12-digit number shown on the right-most side of your cheque
- Log in to the Driver Dashboard
- Tap ‘Payout Information’
- Tap ‘Edit bank info’ under the Bank Info header
- Enter your routing and account numbers in the appropriate boxes
- Tap ‘Submit Bank Info’
- We may send a confirmation text to drivers with 10 or more rides. This is only required if you receive the text.
- That’s it! If you haven’t already, submit your tax info.
Submit your tax info
If you haven’t already, submit your bank info.
If you get a failed transfer notice, we’ll try to deposit your earnings the following week (and each week after, if it keeps failing). We’ll send you an email letting you know about the failure and instructions on updating your info.
Transfers begin Tuesdays and usually show up in your account by the end of the week.
Common reasons for failed transfers:
- You haven't entered both your banking or tax info yet
- Incorrect banking info (such as mis-typed Transit, Financial Institution, or Account numbers)
- Business or savings account (we only transfer to personal checking accounts)
- You didn’t respond to the text, email, or notification asking you to confirm your bank info, which you’ll receive after you’ve submitted or updated bank info
- Your bank doesn't accept Automated Clearing House (or ACH, a kind of electronic transfer). Most banks accept ACH transfers, but you may need to confirm with your bank if you’re having issues receiving your deposit.
If you’re still not sure why you’re receiving failed transfer notices, contact your bank. Confirm your account status, Transit number, Financial Institution number, and Account number.