How do Contractors add a payment method or bank account to Oyster?

Steps

1. In the Oyster App, click Payments then select Payment information.
2. Click Add payment method in the Bank Account section.
3. In the pop-up window that appears, select the country of your bank from the drop-down menu.
4. Select the currency in which to receive your money.
   • Note: your bank must support the chosen currency.
5. Select the type of bank account that will receive your money.
6. Add your billing details.
   • Note: Line 1 and Line 2 are limited to 35 characters each.
7. Add your banking details. Note: these can vary based on bank country and currency you've selected. Usually you can access these details in your online banking portal. 
   • Bank account holder name
   • BIC (also known as SWIFT code). The SWIFT code can be found on a bank's website, on your bank statement, or through an online search. If not sure, we recommend you reach out to your bank and confirm the swift code. 
   • IBAN 
   • In Canada, transit number is 0 + 3 digit Bank Code + 5 digit Transit number. 
   • Note: if you are going to receive your salary in a currency that is not domestic in your country, you will have to fill out the Intermediary bank details fields. Ask your bank in case you need them.
     
8. Now you are ready to receive payments. This account is considered your primary account.
   

Updating your Payment Method

1. To add additional bank accounts, click Add payment method and follow the steps above.
2. Then, click Make primary to set one account as the primary account. You receive your money in your Primary bank account.