Virtual US Bank Account
Learn how to set up a virtual US bank account.
Powered by Bridge, users can now set up virtual US bank accounts to receive payments in USD, which is seamlessly converted to USDC in their Squad account.
How It Works
With a virtual US bank account, receiving USD payments as USDC in your Squads account is simple:
Automatic USD-to-USDC conversion
No need for multiple platforms or transfers
Avoid costly on-ramp fees
Senders use familiar USD bank transfers, while you receive USDC in your Squad account—all for a minimal 0.1% conversion fee.
Transfer Limits
US residents
From your business bank account: no limit
From individuals: not supported
From businesses: no limits
From payroll platforms such as Deel, Gusto, and Upwork: no limits
Non-US residents
From your business bank account: no limits
From individuals: $4,000 per transaction
From businesses: no limits
From payroll platforms such as Deel, Gusto, and Upwork: no limits
User Eligibility
Availability
Virtual US bank accounts are available for users in most of the US, Canada, Europe, Australia, UAE, Japan, India and many other countries around the world.
Restrictions
For US businesses, virtual US bank accounts are not available to those with principal residential or operating addresses in New York, Florida, Alaska, and Louisiana. Also, virtual US bank accounts are not available to businesses with principal residential or operating addresses in the countries listed below.
Afghanistan
Albania
Algeria
Bangladesh
Belarus
Central African Republic
China
Cuba
Democratic Republic of the Congo
Eritrea
Ethiopia
Gaza Strip
Iran
Iraq
Kenya
Kosovo
Lebanon
Libya
Mali
Morocco
Myanmar
Nepal
Nicaragua
Niger
North Korea
North Macedonia
Pakistan
Qatar
Russian Federation
Slovenia
Somalia
South Sudan
Sudan
Syria
Ukraine
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