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How to receive an ACH transfer?
How to receive an ACH transfer?

All you need to know about ACH transfers.

Updated this week

How to Receive USD with DolarApp: ACH and Wire Transfers

At DolarApp, we provide you with unique US account details (ACH Account and Routing Number) so you can receive USD via ACH or Wire Transfer. When you receive USD to your account number, you’ll get digital dollars in your DolarApp balance.


What is an ACH Transfer?

An ACH Transfer is a payment sent between bank accounts using the Automated Clearing House (ACH) network.


How Long Will My ACH Transfer Take?

  • ACH transfers typically take 3 to 5 business days to complete.


Types of ACH Transfers

There are two main types of ACH transfers:

  1. ACH Credits:

    • When you initiate a payment from your financial institution to a payee (e.g., utility company or car loan servicer).

    • Your bank account details stay with your financial institution and are not shared with the payee.

  2. ACH Debits:

    • When you authorize a payee to pull payments from your account.

    • You provide your account details (account number and routing number) to the payee (e.g., credit card bill or cellphone provider).


What Information is Needed for an ACH Transfer?

To make an ACH Transfer, you’ll need the following details:

  1. Name

  2. Routing/ABA Number

  3. Account Number

  4. Account Type

  5. Transaction Amount

You can find these details in the “Receive” tab within the DolarApp.


How to Transfer USD to DolarApp via ACH

Follow these steps to transfer USD to your DolarApp account using ACH:


1. Link Your DolarApp Account to Your Bank Account

  • Add your DolarApp Account Number and Routing Number as a payee/beneficiary in your existing bank account.

  • Your bank will make two small deposits (usually under $1) into your DolarApp account. You’ll need to confirm these deposit amounts on your bank’s portal to complete the linking process.

Note: This step is essential and cannot be skipped.


2. Specify Transaction Type

  • Choose whether the transaction will be a credit or debit from your account.

  • Currently, DolarApp only supports ACH Credits. ACH Debits will be available soon.


3. Enter Payment Amount

  • Enter the payment amount you want to transfer.


4. Prepare to Complete Payment

  • Some banks allow you to post-date payments.

  • Remember that payments can take up to 6 or 7 days to appear in your balance. Don’t worry if it takes longer; your funds are secure with us.


Need More Help?

If you need additional assistance with ACH transfers, check out the following resources:

Still have questions? Write to us in the Support tab, and we will gladly help you!

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