United States
Overview
| Transfer method | Local | Local | Local | Local | Local | SWIFT |
|---|---|---|---|---|---|---|
| Local clearing system | ACH (The default LOCAL payout option when local_clearing_system is not specified) | NEXT_DAY_ACH | FEDNOW* | FEDWIRE | PAPER_CHECK* | |
| Supported currency(ies) | USD | USD | USD | USD | USD | AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
| Payment scheme | Same Day / Next Day ACH* | Next Day ACH | FedNow | Fedwire | Paper Checks | |
| Flight time (business days) | 0-2 | 1-2 | 0-1 | 0-1 | 7-10 | 0-3 |
| Maximum transaction limit | 15,000,000 USD* | 15,000,000 USD* | 500,000 USD | No limit | No limit | No limit |
| Ultimate payer displayed | Yes | Yes | No | Yes | Yes | Yes |
* Note:
- ACH flight time: Payouts > 1,000,000 USD or from non-US customers will be processed as Next Day ACH with a flight time of 1-2 business days.
- ACH transaction limit: Payout via ACH for US customers has no transaction limit.
- FedNow: FedNow is not available for US customers registered in the states of NY, NV, HI, IN, WI and Virgin Islands.
- Paper check: Paper Checks is only available for US customers.
Please refer to the sections below for the key required bank details and other considerations for each supported transfer method.
Local ACH/Next Day ACH payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be USD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | Up to 17 digits | |
account_routing_type1 | aba only | 9-digit ACH routing number to identify a bank in the United States |
account_routing_value1 | 9 digits | |
bank_country_code | 2-letter ISO 3166-2 country code | Should be US |
Local FedNow payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be USD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | Up to 50 alphanumeric characters | |
account_routing_type1 | aba only | 9-digit FedNow routing number to identify a bank in the United States |
account_routing_value1 | 9 digits | |
bank_country_code | 2-letter ISO 3166-2 country code | Should be US |
Local Fedwire payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be USD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | Up to 26 digits | |
account_routing_type1 | aba only | 9-digit Fedwire routing number to identify a bank in the United States |
account_routing_value1 | 9 digits | |
bank_country_code | 2-letter ISO 3166-2 country code | Should be US |
Local Paper Checks payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be USD |
bank_country_code | 2-letter ISO 3166-2 country code | Should be US |
Beneficiary address
For local Paper Check payouts, bank account name and account number information are not necessary. Please provide an accurate beneficiary name and a US mailing address in order for the paper checks to be delivered successfully by post.
SWIFT payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | One of AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | Up to 26 alphanumeric characters | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be US |
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