With Vault, you get local accounts in multiple currencies namely in CAD, USD, GBP and EUR. Unlike our competition, the opening of these local accounts will enable you to make worldwide payments seamlessly and comfortably online (i.e., no need to visit any physical bank branches or fill up complicated forms).
How do I receive USD into my account?
Use ACH
Use Fedwire
Use Wire (SWIFT)
How do I get the account details of my ACH / Fedwire / Wire (SWIFT)?
Step 1: Log into Vault
Step 2: From the side menu, select "Accounts"
Step 3: Select "USD Account"
Step 4: Select between "ACH" / "Fedwire" / "Wire (SWIFT)"
Which payment option should I use?
This will typically depend on your business needs.
Payment option | Cost to receive funds | Time-to-process |
ACH | Free | 1 biz day |
Fedwire | Free | Up to 1 biz day |
Wire (SWIFT) | Free | Up to 2 biz days |