Here's an important warning for all third-party sellers on the Amazon marketplace.
Changing your bank account information at a time when the retail giant has just rolled out a new security measure may result in the suspension of your seller account.
To protect you and other third-party sellers from persistent hackers, Amazon has come up with a Two-Step Verification (2-SV) which adds an extra layer of security to your account.
So at the moment, the company doesn't welcome any changes which you might make to your bank account details; noncompliance will lead to your account's suspension.
Sellers whose accounts have been suspended had to wait for hours or even weeks to be reinstated.
There are different reasons why you would want to change the information on your bank account, but holding it off, for the time being, will serve you well.
Closing your existing account and opening a new one could be worse, so avoid doing this at all costs.
Although other sellers are gloating that they have successfully updated their bank accounts and not faced any repercussions at all, a bigger percentage of them are now crying over spilled milk.
In case your bank has performed a system upgrade and automatically changed your bank account number, it would be wise to ask them if they could possibly activate your new number when the dust has settled.
Don't let Amazon spot a discrepancy in the bank account which you've linked to your seller account, or else you'll be suspended without prior notification.