You or anyone can transfer USD to your US Routing Number and you will receive USDC in your Decaf Wallet.
To activate this service Go to Deposit > US Bank transfer
HOW DOES IT WORK
Complete a KYC and once you are approved you will be able to see your US Account information.
You or anyone else can make USD transfers to that US Account.
In a period of 2-3 business days you will be able to see the payment as USDC in your Decaf Wallet
GREAT THINGS YOU CAN DO WITH IT
Receive payments or salary from the US.
Receive money from family or friends in the US via a domestic transfer.
Buy USDC for 0 fees.
FAQ
1.When should I use Personal vs Shared accounts?
2. What types of transactions can I receive in my virtual account?
For non-US residents Virtual Accounts are fully permitted to receive the following transactions.
First-party payments where you are sending USD from your bank, fintech app, or brokerage account
Third-party payment where a registered business sends USD from its bank account
Third-party payment from a family member’s bank account, where you share a surname
Third-party Person-to-Person payment for an amount less than $2,000
For US residents the following types of transactions are fully permitted to be received by Virtual Accounts.
First-party payments where you are sending USD from your bank, fintech app, or brokerage account
Payroll payments from businesses
3. What are the fees for using the US Account?
There are 0 fees, if you send 100 USD, you get 100 USDC.
The service will be free during the promotional period.
4. What are the limits for the US Account?
The limits for the transactions are up to 10k in one transaction, 100k in 30 day period.
You can increase them by completing our enhanced due diligence.
5. How long does it take for the payment to be reflected?
In a period of 2-3 business days you will be able to see the payment as USDC in your Decaf Wallet
6. My banking app doesn’t allow me to include a Deposit Message
If your bank account doesn’t allow you to include a Deposit Message (Reference), please use your personal US account instead.
7. Differences between a shared and personal US Account
When you get a US account with Decaf you will be asigned a shared account by default. If you need it, you can also get a personal account. Here is the difference:
Shared account: This account type uses a centralized system where all transfers go to one central account before being allocated to the individual account the payment was intended for, this is why it is so important to always include the Deposit Message (Reference) in the transfer.
Personal account: A Personal account is a USD deposit instruction that provides a unique routing and account number specifically assigned to you, it accepts wire transfers and ACH deposits. Unlike Shared accounts, Personal accounts do not require a Deposit Message (Reference), and the beneficiary of the account is yourself.
8. My bank requires a Micropayment verification
Your bank will send two small deposits to your Decaf account, which may take up to five business days to appear. You will find them in the activity section of your Decaf wallet.
9. Can I use Wise or PayPal to transfer the USD?
Yes, follow these steps to transfer from Wise or PayPal
Transfer from Wise