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Deposit USD with a US Account

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
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HOW DOES IT WORK

1. Complete a KYC and once you are approved you will be able to see your US Account information.
2. You or anyone else can make USD transfers to that US Account.
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ÂżHow to make your first USD transfer to Decaf?
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ÂżHow to Receive a USD Transfer from Another Person?
3. 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

When should I use Personal vs Shared accounts?

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

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.

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.

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

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 contact support and we will provide a Personal Account which doesn’t require it.

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:
  1. 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.
  1. 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.
Choosing Between Shared and Personal Accounts in Decaf: A Guide
When receiving payments to a US Account in Decaf (even if you are not from the US), knowing when to use a Shared or Personal account is…
Choosing Between Shared and Personal Accounts in Decaf: A Guide
https://medium.com/@Decafpay/choosing-between-shared-and-personal-accounts-in-decaf-a-guide-3adcd5380fbc
Choosing Between Shared and Personal Accounts in Decaf: A Guide
 

My bank requires a Micropayment verification

If your bank requires a micropayment verification to add a new recipient, please contact support and we will provide a Bank Account that allows doing this type of verification.

Can I use Wise to transfer the USD?

Yes, we support transfers from Wise.com, please contact support and we will provide a Bank Account that supports it.
 
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