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Receiving USD deposits
Receiving USD deposits

All you need to know about USD deposits

Tosin avatar
Written by Tosin
Updated this week

What is my daily deposit limit?

Understanding your Cleva account limit is essential for effective financial management. Log into your Cleva USD account to check what your maximum daily deposit limit is.

  1. Log in to your Cleva account.

  2. Click on the "Accounts" button/icon on the homepage.

  3. This will take you to the accounts page, where you can see your account details. This includes your daily maximum deposit limit.

Types of deposits

At Cleva, we offer 2 convenient options to fund your USD account. Here's a breakdown of the methods, processing times, and fees:

ACH

ACH transfers are used by U.S platforms such as PayPal, Upwork, Payoneer, and others when you withdraw funds from these platforms. ACH transfers can also be sent from one U.S bank to another bank. ACH transfers are usually slower but cheaper than Wire transfers.

Wire

Wire transfers are electronic funds transfers that can only be sent from a bank. Domestic Wires are usually faster but more expensive than ACH transfers. Note that there are domestic Wires (US bank to another US bank) and international Wires (non-US bank to a US bank)

How long do deposits take to arrive?

  • ACH Transfers: 1-3 business days.

  • Domestic Wire Transfers (from a U.S. bank): Within 1 business day.

Deposit Fees

If you're using Cleva to receive deposits, it’s important to understand the associated fees. Our pricing page at https://www.getcleva.com/pricing offers a clear overview of our fees. Plus, you can use our fee calculator to estimate the costs based on your desired deposit type and amount.

By understanding our deposit fees, you can make confident decisions. For more information or assistance, please don't hesitate to contact our customer support team.

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