How Does DistroKid Splits and Bank Work?

For independent artists and bands, managing music royalties can become quite a challenge. DistroKid has introduced features like DistroKid splits and DistroKid bank to make this process easier and more efficient. In this article, we’ll explore how these features work and how they can benefit your music career.

Understanding DistroKid Splits

One of the standout features of DistroKid is its Splits functionality. This allows artists to automate the process of sharing royalties with collaborators. Here is how it works:

Setting Up Splits

When you upload a new track on DistroKid, you can specify the percentage of royalties that each collaborator should receive. This means that everyone involved in the creation of the track, such as producers, songwriters, and other performers, can get their fair share automatically.

To set up splits:

• Go to the “Splits” section on your DistroKid dashboard.
• Select the track and enter the email addresses of your collaborators.
• Specify the percentage that each collaborator should receive.
• Confirm the details and save.

Benefits of Using DistroKid Splits

DistroKid splits can save artists a lot of time and hassle. It eliminates the need for manual calculations and payments, ensuring that all collaborators are paid automatically and accurately. Additionally, it helps maintain transparency and trust among collaborators, as each person can see exactly what they are owed and when they receive their payments.

Understanding DistroKid Bank

Another important feature that DistroKid offers is the DistroKid Bank. This is where your royalties accumulate before you withdraw them to your personal account. Here’s how it works:

Managing Your Royalties

The DistroKid bank dashboard provides a detailed overview of your earnings. You can see earnings broken down by platform, track, and date, giving you full transparency into how much you’re making and where it’s coming from.

From the DistroKid bank, artists can:

• Track their earnings across various streaming platforms and digital stores.
• Withdraw royalties to their personal bank accounts or via PayPal.
• Keep track of past payments and earnings reports.

This level of detail empowers artists to make informed decisions about their music career, such as which platforms are most profitable and where to focus their promotional efforts.

Withdrawing Funds

To withdraw your funds from the DistroKid bank:

• Log in to your DistroKid account.
• Go to the “Bank” section.
• Select the amount you wish to withdraw.
• Choose your preferred payment method (Bank transfer or PayPal).
• Confirm the withdrawal.

It’s important to note that there may be minimum withdrawal limits, and it can take a few days for the funds to appear in your account.

Why Choose SoundOn for Music Distribution?

While DistroKid offers convenient features like splits and bank, it’s important to consider all your options when selecting a music distribution platform. SoundOn is another excellent choice for artists looking to market and distribute their music effectively.

SoundOn offers a comprehensive distribution service, helping artists reach new fans through TikTok and other digital streaming platforms. By signing up with SoundOn, artists can benefit from global distribution, advanced analytics, and promotional tools to grow their music career.

Whether you’re just starting out or looking to level up your music career, explore what SoundOn can do for you. Register as a SoundOn artist today and take the next step towards success in the music industry.