This is our guide on ACH bank connectivity for US customers. Connect your bank account seamlessly with our platform using ACH (Automated Clearing House) transfers. Discover the benefits of ACH connectivity for hassle-free cryptocurrency transactions.
When you deposit funds from your US bank via the ACH Network, we’ll instantly credit the money into your Uphold account for you to start trading. This means you can buy, hold and sell assets immediately after an ACH deposit.
Accessing cryptocurrencies, such as bitcoin and XRP, has never been easier and you can deposit up to $2,500 a day, depending on the ACH linking method used.
You can find step-by-step guides for both ACH and wire transfer deposits here.
There are three different ways to deposit funds into your Uphold account from a U.S. bank as detailed in the table below.
A step by step guide on how to deposit using a wire transfer is available here.
Step by step guides to both methods of linking via ACH are available here.
To learn more about the difference between linking your Bank account via Bank Credentials Authentication Vs Micro-Deposits Authentication, click here.
|Settlement:||Available to Trade?:||Available to Withdraw?:|
Push from Bank Account Via FedWire
|No limit||1-2 business days||Once funds have settled||
Once funds have settled
via Bank Credentials Authentication
|$2,500||4-5 business days||Immediately||
Once funds have settled
via Micro-Deposits Authentication
|$500||4-5 business days||Immediately||After 65 days|
When linking your bank account using Plaid, you enable the ability to pull funds from that bank account directly into your Uphold account via the ACH network.
There are two ways to link your bank account via ACH. Depending on which you choose, you may be subject to a 65-day withdrawal restriction. You can get step by step guides to both processes here.
The first is via Bank Credentials Authentication which does not entail a 65-day withdrawal restriction.
In this case, Plaid takes the account logins you provide, encrypts the financial data requested (such as an account balance), and then supplies it to Uphold with a secure connection. Plaid obscures your login data to protect you, only sharing the information required by Uphold to support the deposit request.
Funds deposited via ACH using Bank Credentials Authentication are instantly available to start trading and can be withdrawn once they are settled, after just 4-5 business days.
The second is via Micro-Deposits Authentication which does entail a 65-day withdrawal restriction.
In this case you enter your bank account information, and wait up to two business days, after which time you’ll receive two small deposits (less than $1.00) in your bank account. You then enter the exact amounts of each of the deposits into the Uphold app. This confirms you own the bank account, but does not provide Uphold with any information, such as your account balance.
Funds deposited via ACH using Plaid Micro-Deposits Authentication are instantly available to start trading but are subject to the 65-day withdrawal restriction.
You can learn more about why we impose a 65-day withdrawal restriction in this circumstance here.
When attempting a deposit from a linked bank account, you’ll see one of the two screens below, depending on whether you linked that bank account using Bank Credentials Authentication, or Micro-Deposits Authentication with any restriction on withdrawal clearly marked.
For more information on the difference between Bank Credentials Authentication and Micro-Deposits Authentication, click here.
Bank Credentials Authentication
You can check here for a full list of conditions for deposits subject to a 65-day withdrawal restriction.
If your bank account was linked using Bank Credentials Authentication and you’re seeing the 65-day withdrawal restriction for your bank deposits, it means that we’ve lost connection with your bank. To fix that please remove and add again your bank account.
We’re working on a fix to improve this experience.
When you perform a deposit from your US bank via the ACH Network, we’ll instantly credit the money into your Uphold account for you to start trading.
This means you can buy, hold and sell assets immediately after an ACH deposit. However, keep in mind that you won't be able to send or withdraw the deposited ACH funds for 65 days.
Click here for information on why the 65-day withdrawal restriction exists.
If you don’t want to wait for 65 days, you can always withdraw back to the originating bank account after just 4-5 business days following the deposit, once the funds have settled.
IMPORTANTThe 65-day withdrawal restriction only applies to U.S. bank accounts that were not linked to Uphold via bank account credentials but with account numbers. If you wish to avoid this delay, simply deposit using alternative funding methods, or link another bank account that can be linked using your bank account credentials.
Keeping our community safe is our top priority.
Unfortunately, there is widespread abuse of the ACH system across the financial services industry. Depending on the security tied to the method used to link your bank account, we may need to apply the 65-day withdrawal restriction for the funds deposited.
Please note that the 65-day cooling-off period only applies to deposits performed with U.S. bank accounts linked via Micro-Deposits Authentication and not via Bank Credentials Authentication.
You can learn more about the difference between these linking methods here.
Remember: you can always withdraw the deposit back to your US bank account after just 4-5 business days, once the funds settle.