> ## Documentation Index
> Fetch the complete documentation index at: https://docs.privy.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Fiat payouts

> Convert crypto in a wallet to fiat and settle it to a bank account in a single API call

A payout converts crypto held in a Privy wallet to fiat and settles it to an external bank account.

Payouts run as a [wallet action](/wallets/actions/overview), so a single API call sends the crypto on-chain and settles the fiat. Privy handles the provider-side routing, so your app only names the wallet, the amount, and the destination bank account.

## How a payout works

1. [Register the external bank account](/financial-flows/transfers/fiat-payouts/register-bank-account) against the user or organization being paid.
2. [Create a payout action](/financial-flows/transfers/fiat-payouts/execute-payout) to that external bank account, specifying the source asset, chain, and amount.
3. [Track the status](/financial-flows/transfers/fiat-payouts/track-payouts) as Privy sends the crypto on-chain and the provider converts and settles the fiat.

## Getting started

<CardGroup cols={3}>
  <Card title="Setup" icon="gear" href="/financial-flows/transfers/fiat-payouts/setup">
    Verify the paying entity and configure the provider
  </Card>

  <Card title="Register a bank account" icon="building-columns" href="/financial-flows/transfers/fiat-payouts/register-bank-account">
    Save the bank account a payout settles to
  </Card>

  <Card title="Execute a payout" icon="money-bill-transfer" href="/financial-flows/transfers/fiat-payouts/execute-payout">
    Convert crypto to fiat in a single call
  </Card>
</CardGroup>