What are USDC Bank Transfers?
USDC Bank Transfers allow any DAO, foundation, entity, company (except for companies based in Cuba, North Korea, Iran, Syria, Belarus & Russia) to send USDC to any US bank account (Capital One, Chase), or USD account (like a TransferWise account).
What are the limits for USDC Bank Transfers?
There are no limits to USDC Bank Transfers on Utopia
What jurisdictions do you not support?
We support virtually any country and entity type, except for companies based in Cuba, North Korea, Iran, Syria, Belarus & Russia.
What does the KYB process look like?
6 simple steps to start offramping USDC
What happens if I’m a DAO?
Select “DAO” in your KYB flow in persona - and we’ll ask for managers/controllers instead of UBOs.
What information do I need for KYB?
Utopia customers must fulfill both core and enhanced requirements for USDC bank transfers. Core requirements include entity name, operating address, EIN/TIN, list of beneficial owners, and personal information of owners. Enhanced requirements include company formation documents and business-controlled internet sites.
What type of bank accounts can I send USDC to?
You’re able to pay any personal or business US bank account, and even USD accounts (fintechs, neobanks like Transferwise)