Can I Give My Peanut Bank Details to My Employer?
Yes. Open an account in the currency your employer pays in (Accounts → Open new account → choose the currency), then give its bank details to whoever runs payroll. The bank details do not change, so payroll can save them once.
By Currency
| Currency | Can payroll use it? |
|---|---|
| Dollars (USD) | Yes. Payments from a registered business have no cap. |
| Euros (EUR) | Yes, as long as your employer pays from a company account. Minimum 1 EUR. |
| Pounds (GBP) | Yes, as long as your employer pays from a company account. Minimum 2 GBP. |
| Mexican pesos (MXN) | Yes. A company can pay you with no limit. Minimum 50 MXN. |
| Colombian pesos (COP) | Yes, as long as your employer pays from a company account. Minimum 100 COP, maximum 11,552,000 COP per payment. |
| Brazilian reais (BRL), Argentine pesos (ARS) | No. There is no account in these currencies. |
If you live in Texas, only you can pay into your dollar account, so payroll cannot use your dollar details. Residents of the UK, New York and some restricted countries cannot open an account.
Before You Send Them to Payroll
- Open the currency your employer pays in. Payroll will not convert for you.
- No reference is needed, except on Colombian pesos. Dollar, euro, pound and Mexican peso accounts have no reference. If payroll asks for a payment reference, they can put anything they like — it is ignored. If the app shows a reference with your Colombian peso details, payroll must include it on every payment, or the salary cannot be matched to you.
- Check the account holder name. Some accounts, pounds today, are held by our banking partner on your behalf. Give payroll the account holder name the app shows. Their bank can show a name mismatch when they set the payment up. It does not stop the payment.
- Give payroll notice before you change anything. Tell payroll separately if you request retirement. Retirement does not switch the bank details off at the bank, so payroll can still send to them.
When the Salary Does Not Arrive
Check the currency rule first. On euros, pounds and Colombian pesos, payroll has to pay from the company account — a payment from a personal account is returned. On dollars, a payment from a person rather than a company must be under 4,000 USD, so anything at or above that is returned. None of this affects money you send in from your own bank account, which is always allowed.
If the payment came from the company account and still came back, contact support with the payment confirmation from payroll.
FAQ
Can I split my salary between Peanut and another bank?
That is a question for your payroll team. Many can split a payment across two accounts; some cannot.
Is my salary converted?
Your balance is in digital dollars. A dollar salary arrives with no conversion. A salary in euros, pounds or pesos converts to dollars at our partner's rate, and the conversion cost is inside that rate. Peanut adds no fee on payments in.
Can I use these details on an invoice?
Yes. They do not change, so an invoice stays correct.
My employer is an individual, not a company. Does that work?
On dollars, yes, under 4,000 USD per payment. On Mexican pesos, yes, up to 15,000 MXN in total — that is a total rather than a per-payment cap, and we cannot yet tell you the period. On euros, pounds and Colombian pesos, no — those accept a company or your own account, not another person.