Pay Out Funds

Step 1 – Go to Payouts / Allocation

1. Log into your NeroPAY account.
2. Navigate to the Payouts or Pay Out Funds section.
3. You’ll see the maximum available balance at the top (e.g. “Max you can transfer now: £101.00”).
4. Below, you’ll see the connected bank accounts where funds can be allocated.

Step 2 – Allocate Funds

1. You have two options:
2. Manual Allocation – Type in the exact amount (£) you want to send to each bank.
3. Split Evenly – Click the Split evenly button to automatically divide the balance across your selected accounts.
4. You can also Clear if you need to reset the amounts.
5. As you enter the amounts, the Allocated total will update at the bottom.
6. Make sure Unallocated = £0.00 before moving on.

Step 3 – Confirm Accounts

1. Click Next.
2. On the next screen, you’ll see the accounts you selected to transfer to.
3. Each account shows:
4. Bank name (e.g., Starling Bank, Nero Bank).
5. Sort code & account number.
6. Account type (Business or Personal).
7. Fee info (e.g., “Allocation fee applies” or “Default – fee applies”).
8. Make sure the correct accounts are ticked.

Step 4 – Review: Pay Out

1. Check the total amount allocated.
2. Check the accounts selected.
3. Check any fees applied.
4. When you’re happy, click Next to confirm.
5. NeroPAY will process the payout, transferring the allocated funds to your chosen accounts.

Tips

1. Always make sure the Unallocated amount = £0.00 before moving forward.
2. If you need to change your allocation method, click Clear and re-enter or use Split Evenly.
3. Check labels like Default or Fee applies before confirming.