We’re thrilled to introduce virtual US bank accounts on Squads.
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.
Start with Squads and create your virtual US bank account today.
Get Paid In USD, Receive USDC
With the 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
For 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
For 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
Eligibility
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.
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.
Get Started With Squads
Squads is your onchain business account that unlocks the benefits of self-custody, stablecoins, and a programmable, global financial ecosystem.
Get started with Squads and create your virtual US bank account by following these steps:
Log into your Squads dashboard
Click 'Deposit' and select 'Fiat'
Complete the KYB application
And if you have any questions, please reach out to garrett@sqds.io.
