What is this feature?
Airtm's US Virtual Account is a new feature that allows our users to virtually obtain a US bank address to receive payments from individuals and companies through the ACH network directly to their Airtm account.
What is the purpose of this feature?
Whether you are a contractor receiving payments from a US company, a digital entrepreneur selling products through marketplaces, or a freelancer working on remote job platforms, now with Airtm’s US Virtual Account, forget about the need for digital wallets or traditional bank accounts in the US. Airtm offers you a platform to receive local payments in the US and transfer funds at the real exchange rate of the economy using our P2P network. There’s no need to transfer it from an account under your name!
Who has access to this feature?
The US Virtual Account feature is currently only available to users from: Argentina (ARG), Colombia (COL), India (IND), Bolivia (BOL), Egypt (EGY), Brazil (BRA), Mexico (MEX), Peru (PER), Angola (AGO), Dominican Republic (DOM), Philippines (PHL), Guatemala (GTM), Chile (CHL), Spain (ESP), Panama (PAN), Uruguay (URY).
We will be opening up to other countries very soon. If you are interested, please send an email to support@airtm.com so we can enable the feature for you as soon as it becomes available in your country.
How can I enable this feature?
Visit airtm.com from your computer and click on the “US Virtual Account” menu, accept the terms and conditions, complete the sign-up fee, verify your identity with our provider, who may ask you some additional questions, and prepare to start receiving funds.
What are the fees and limits?
Minimum amount: $5 USD,
Maximum amount: $100,000 USD,
Exchange rate: $1 USD = $1 USDC,
Fixed commission: $0.75 USD,
Variable commission: 1.75%,
Crediting time: up to 3-5 business days.
What are the maintenance costs?
We have no maintenance costs; you only pay if you use it! The feature has a one-time opening cost of 0 USDC (limited launch promotion). Then, each time you receive payments in your US Virtual Account, a variable fee of 1.75% and a fixed fee of 0.75 USDC will be charged. These fees will be directly deducted from the funds sent.
What are the restrictions?
The US Virtual Account is available to receive local payments in the US only through the ACH network. Please note that if you want to send funds from your PayPal account, you can only do so if your PayPal account is registered in the United States. During the BETA stage, only payments from bank accounts that are either yours or your registered employer's will be accepted.
Do I get a bank account number, routing number, and IBAN?
Yes, when you open your US Virtual Account at Airtm, you will obtain your account number and routing number. Log into your Airtm account, click on “US Virtual Account,” and you will find the details of your account information.
Which bank is this account with?
Your account corresponds to “Lead Bank.” Additionally, the US Virtual Account service is provided by Bridge Ventures Inc (“Bridge”).
Can I use the details of my US Virtual Account at Airtm to make payments and have them deducted from my Airtm balance?
At the moment, it is not possible to make payments with your US Virtual Account. We will soon launch this functionality. You can use your account to receive payments from companies through the ACH network.
From which platforms can I transfer to my US Virtual Account at Airtm?
You can transfer from any platform that allows transfers to US bank accounts.
Can I transfer from Deel to my US Virtual Account at Airtm?
Yes, you can transfer from Deel to your US Virtual Account at Airtm.
Can I transfer from Payoneer to my US Virtual Account at Airtm?
Yes, you can transfer from Payoneer to your US Virtual Account at Airtm.
Can I transfer from PayPal to my US Virtual Account at Airtm?
Yes, you can transfer from PayPal to your US Virtual Account at Airtm, provided your PayPal account is registered in the United States.
Can I transfer from Ontop to my US Virtual Account at Airtm?
Yes, you can transfer from Ontop to your US Virtual Account at Airtm.
Can I transfer from Airbnb to my US Virtual Account at Airtm?
Yes, you can transfer from Airbnb to your US Virtual Account at Airtm.
Can I transfer from Workana to my US Virtual Account at Airtm?
Yes, you can transfer from Workana to your US Virtual Account at Airtm.
Can I transfer from Wise to my US Virtual Account at Airtm?
Yes, you can transfer from Wise to your US Virtual Account at Airtm.
Can I transfer from Upwork to my US Virtual Account at Airtm?
Yes, you can transfer from Upwork to your US Virtual Account at Airtm.
Can I transfer from YouTube to my US Virtual Account at Airtm?
Yes, you can transfer from YouTube to your US Virtual Account at Airtm.