Open a USD Virtual Bank Account

Yes. You receive USD account details with an ABA routing number and account number connected to the US banking system, usable for ACH and wire transfers. The account is held through our regulated US banking infrastructure.

No. Foreign entities can hold and operate the account without forming a Delaware/Wyoming LLC, obtaining an EIN, or providing a US street address. Some platforms (notably Stripe US and certain marketplaces) require a US tax ID for payout eligibility - that's a platform-specific requirement, not a banking one.

Both. ACH is the US batch rail - typically 1–3 business day settlement, low cost, used for payroll, B2B invoicing, and recurring billing. Wires settle same-day through Fedwire during business hours, used for high-value or time-sensitive transfers. We also support inbound RTP and FedNow where the sending bank participates, for real-time credits.

ACH has a per-transaction limit of US$1 million under NACHA rules, though individual sending banks set lower defaults. Wire transfers have no system-level ceiling. Inbound limits on your Woalet account are set during onboarding based on your verified business profile.

The account works for most platforms that accept ACH or wire payouts. Stripe US specifically requires a US tax ID for the merchant entity, which is a Stripe rule independent of where the receiving bank sits. Most marketplace payouts, B2B receivables, and SaaS invoicing flow through cleanly.

For non-US persons, receiving USD doesn't create a US tax filing requirement on its own. US-source income (services performed in the US, US real estate, certain royalties) may be subject to US withholding regardless of where the bank account sits - Form W-8BEN/W-8BEN-E governs this. For US persons holding the account, FBAR (FinCEN 114) and FATCA reporting may apply depending on aggregate foreign account balances; consult a US tax adviser. Woalet's regulated status doesn't change your reporting obligations.

No setup, no monthly fee, no minimum balance. Inbound collection fee on ACH and wire (typically lower than US bank wire-in fees), negotiated FX spread, and per-payout cost.

Mercury and Brex require a US-incorporated entity. Wise issues USD receiving details for non-US businesses but at fixed FX markups. Woalet works for foreign-incorporated businesses without US incorporation and negotiates FX per client. We also settle natively in USDC/USDT, which none of those providers offer as a default treasury option.

Funds are held in segregated accounts at regulated US partner banks. Pass-through FDIC coverage may apply depending on the underlying bank structure and your account balance - confirmed during onboarding.

USD is the most liquid currency in the world, so spreads are tight. Volume-tier pricing applies - high-throughput accounts get rates close to interbank mid-market. Stablecoin conversion (USD ↔ USDC) settles at near-1:1 with minimal spread.