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 and tax info
We can only transfer earnings to checking accounts. We can't deposit to savings or business accounts.
Under the 'Payout information' header, tap 'Edit'
Under 'Tax details,' provide your:
Full name: If you are filing your taxes as an individual, you’ll need to enter your full name as it appears on your social security card. If you are filing as a corporation or LLC, you’ll need to enter your full business name.
Tax classification (how you intend to file)
Tax Identification Number (TIN): This will be either your Social Security Number (SSN) or Employer Identification Number (EIN). If you use an EIN, you may also be required to enter an SSN.
Under 'Checking account details,' provide your:
Routing number: This will be the first set of numbers on lower left corner on personal checks.
Account number: This will be the second set of numbers, just after your routing number. We don't need the third set of numbers.
Type your account number again for confirmation.
If you don't have a personal check, you can check your mobile banking portal or contact your bank for assistance.
When you are done, tap 'Save.'
After you save your information, we’ll verify the tax details you’ve provided us against IRS records. If the verification fails, you will need to re-enter your tax details to match what the IRS has on file for you. You will not be able to receive payouts until your tax details are verified.
We may also send a confirmation text to drivers with 10 or more rides. This is only required if you receive the text.
If you get a failed transfer notice, you'll receive an email with instructions on how to update your bank info. For failed Express Pay transfers, we’ll send a text. We’ll try to deposit your earnings again immediately after you update your bank account information, even if you enter the same account info.
If you don't update your bank account information, we'll try to deposit your earnings the following Tuesday to whatever bank account information is still on file.
Transfers begin Tuesdays and usually show up in your account within 1-3 business days.
Common reasons for failed transfers:
You haven't entered both your banking or tax info yet.
Incorrect banking info (such as mis-typed routing or account number).
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, your account number, and the bank's routing number.