Why do you need my bank information?

Why do you need my bank information?

We require your bank information (sort code, account number, account name) to verify your host profile and provide the means for a financial transaction between the guest and host. This information is held securely and not shared with anyone else. You won't be able to receive any hosting fee without this. If you'd like to host for free, then we of course do not require this information from you.