Skip to main content
All CollectionsReceiving moneyUS bank account
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.

Mojisola Aimasiko avatar
Written by Mojisola Aimasiko
Updated over 2 months ago

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


  • Payment Scheme: Your US bank account is addressable only in ACH transfers. The account type is Checking.

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

  • The maximum you can receive per transaction is USD 20,000.

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


ACH TRANSFERS

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

  • Receiving payments via ACH has a 1% fee.

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

You can find the complete list of countries that support receiving USD here. Funds sent from banks, countries, or platforms outside this list will be rejected and automatically fail.


SWIFT TRANSFERS

SWIFT transfers are not supported yet.


We do not support receiving payments for CRYPTOCURRENCY, P2P, BETTING, and FOREX TRADING purposes.

Suggested Articles

Did this answer your question?