US Virtual Accounts

Access dedicated US banking rails and manage fiat-to-stablecoin flows with institutional-grade virtual accounts.

Last updated 9 days ago

Overview:

US Virtual Accounts give your business a dedicated US account and routing number. This allows you to bridge the gap between traditional commerce and your on-chain treasury using standard banking rails like ACH and Wire.

This guide covers:

  • The Power of Virtual Accounts: Why having a dedicated account and routing number is essential for global operations.

  • Inbound & Outbound Flows: How to manage first and third-party payments with local reliability.

  • Unified Treasury Management: Sending and receiving both fiat and stablecoins through a single interface.

  • KYB Requirements: How to unlock these features for your business entity.

The Power of Virtual Accounts

By utilizing US Virtual Accounts, Reah provides your business with the same capabilities as a traditional US business bank account, but with the added speed of on-chain settlement.

  • Dedicated Identity: You receive your own unique US account and routing number.

  • Professional Payments: Inbound payments list your business as the beneficiary, and outbound payments list your business as the sender, maintaining professional standards for vendors and clients.

  • Standard Rails: Receive and send money using the same local rails you use today, specifically ACH and Wire transfers.

Inbound & Outbound Flows

Reah Virtual Accounts are designed to support a wide range of business use cases, from payroll to vendor settlement.

Supported Payment Types:

  • First-Party Payments: Move funds between your own external accounts and your Reah treasury seamlessly.

  • Third-Party Payments: Receive payments from customers or send funds to vendors directly through your dedicated account.

  • Combined Rails: Reah automatically combines your on-chain money movement with local fiat rails, ensuring your accounting remains unified regardless of the asset type.

Unified Treasury and Cross-Border Operations

The true advantage of Reah Virtual Accounts is the ability to manage a hybrid treasury.

  • Hybrid Payouts: Businesses can send and receive both fiat and stablecoins to handle global payroll and cross-border vendor payments.

  • Direct Management: Manage your dedicated virtual account directly through the Reah dashboard, eliminating the need to jump between separate banking portals and crypto wallets.

Getting Started: KYB Requirements

To access US Virtual Accounts, your business must complete the Know Your Business (KYB) verification process with Reah. This ensures all fiat-to-crypto movements remain compliant and secure.

  1. Navigate to Settings: Click the gear icon in the bottom left-hand corner.

  2. Select Profile: Under the Individual or Entity section, ensure your business details are fully populated.

  3. Complete Verification: Follow the prompts to submit the necessary documentation for your region.

KYB Checklist: Preparing for US Virtual Accounts

Gather these documents to verify your business and unlock dedicated US banking rails.

To maintain institutional security and comply with AML regulations, Reah requires a "Know Your Business" (KYB) verification for all virtual account applicants. This process verifies your entity’s legal existence, ownership structure, and operational legitimacy.

1. Business Identity & Formation

You must provide official government-issued documents that confirm your business is registered and active.

  • Certificate of Incorporation/Formation: The official paperwork from your state or country (e.g., Articles of Organization for LLCs).

  • Employer Identification Number (EIN): Your US Federal Tax ID. Be ready to upload the official IRS confirmation letter (CP 575 or 147C).

  • Proof of Business Address: A utility bill, lease agreement, or bank statement dated within the last 3 months that shows your registered physical address.

2. Ownership & Governance

Financial institutions are required to identify the individuals who actually own or control the company.

  • Ultimate Beneficial Owners (UBOs): Details for anyone holding a 25% or greater ownership stake.

  • Ownership Registry: A cap table or shareholder registry outlining the distribution of shares and voting rights.

  • Operating Agreement/Bylaws: Governance documents that outline who is authorized to open accounts and act on behalf of the entity.

3. Personal Identification (KYC)

Every identified owner or authorized signer must complete a personal identity check.

  • Government-Issued Photo ID: A valid passport (preferred for international owners) or a US driver's license.

  • Proof of Residential Address: A personal utility bill or bank statement for each key stakeholder.

  • Liveness Verification: Many fintech platforms require a "live selfie" to ensure the person applying matches the ID provided.

4. Operational Legitimacy

To assess risk, Reah may ask for a brief overview of your business activities.

  • Active Digital Presence: A link to your company website or professional online profile.

  • Business Description: A short summary of your industry, products/services, and expected transaction volumes.

  • Financial Records: Recent audited financial statements or bank records may be requested for higher-volume accounts.

Pro-Tips for Fast Approval:

  • Legibility Matters: Ensure all document scans are high-resolution, in color, and show all four corners of the page.

  • Match Official Records: Ensure the name and address on your utility bills match your registration documents exactly.

  • Remote-Friendly: Most of these documents can be uploaded digitally, making it easy for international companies to apply without physical visits.