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Guidelines for receiving payments to your US bank account
Guidelines for receiving payments to your US bank account

The dos and don'ts of your US bank accounts.

Grey Support avatar
Written by Grey Support
Updated this week

Congratulations on setting up your brand-new US bank account! Please note the following:


PAYMENT SCHEMES

  • Your US bank account is addressable in only ACH TRANSFERS for now. The account type is Checking.

  • If a local US Address is required, the bank's address can be used as the beneficiary's.


    ACH TRANSFERS

  • Automated Clearing House (ACH) is an electronic funds-transfer system that facilitates payments in the U.S. This is the local/domestic payment network used by banks within the U.S.

  • Receiving payments via ACH has a 1% fee.

  • To receive payments via ACH, use the ACH routing number.

  • Receiving payments with your US bank account via ACH TRANSFERS can take 1-3 business days.

Permitted Jurisdictions/Countries

Find the complete list of countries here. Funds sent from banks, countries, or platforms outside this list would be rejected and automatically fail.

If the sender's address is also from a non-supported jurisdiction, your payment will not be received. This also applies to platforms like PayPal; if you have an account from a country that's not supported, your payment will not be received.


SWIFT/WIRE TRANSFERS

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