What is my daily deposit limit?
Your deposit limit depends on the type of deposit received. Please reference this article for all details around deposit limits.
To view your deposit limit within the app, you can follow these steps:
Log in to your Cleva account.
Click on the "Accounts" button/icon on the homepage.
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). At this time, Cleva only supports domestic Wires from US banks.
SWIFT
Not currently supported.
These are Wire transfers from a non-US bank to your Cleva account. For example, transfers from your Nigerian domiciliary account or from a bank account in Hungary into your Cleva USD account. These transfers from non-US banks are currently not supported. We'll be sure to communicate when we can support them.
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.