> For the complete documentation index, see [llms.txt](https://docs.squads.so/main/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.squads.so/main/getting-started/on-and-off-ramp/virtual-us-bank-account.md). # Virtual US Bank Account Learn how to set up a virtual US bank account. Powered by[ Bridge](https://www.bridge.xyz/), users can now set up virtual US bank accounts to receive payments in USD, which is seamlessly converted to USDC in their Squad account. 1. [How It Works](#how-it-works) 2. [Transfer Limits](#transfer-limits) 3. [User Eligibility](#user-eligibility) ### 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 and Alaska. 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 --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.squads.so/main/getting-started/on-and-off-ramp/virtual-us-bank-account.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.