Uphold enables US members to fund accounts with bank transfers, debit and credit cards

Source: Uphold

Uphold, the world's leading cloud money platform, today launches the ability for U.S. members to fund their Uphold accounts by linking their bank accounts, debit or credit cards, in addition to bitcoin.

This is the second phase of the company's global rollout, following the recent success of the rollout of similar functionality in Europe announced in October.

Previously, members needed bitcoin to fund Uphold accounts in the U.S. As of today, members can use their bank accounts, debit or credit cards to send funds to Uphold accounts and send funds from Uphold into linked bank accounts. Uphold now offers even more ways to move, convert, hold and transact in 24 currencies and four commodities instantly, securely and for free. This functionality connects the legacy and fragmented financial ecosystem with The Internet of Money™ -- the future of money and finance.

“The launch of ACH is an important stepping stone in Uphold’s path to bringing accessible, equitable, fair and free financial services to anyone, anywhere,” said Anthony Watson, Uphold President & CEO. “Our members deserve a better way to access their hard earned money, faster and without unnecessary fees. Whether saving on checking fees, sending money abroad to family and friends, or handling international business transactions, Uphold is faster and cheaper than traditional services -- and entirely more transparent. We are changing the status quo of financial services.”

In the coming weeks, Uphold plans to roll out similar functionality across India and China (limited beta), as well as other capabilities, including Visa, MasterCard and Discover digital and physical cards.

Uphold continues to support bitcoin and is now the cheapest and fastest way for consumers and businesses to purchase bitcoin, globally.

Through Uphold’s open API, Uphold Connect, businesses and developers can benefit from this new functionality to create applications, products and services that deliver free, secure, regulatory compliant and instant value transfer, conversion, storage and exchange services. To learn more, visit https://uphold.com/en/developer/api.

Eligibility: The ability to link Uphold to bank accounts, debit and/or credit cards is available to registered and verified members in approved U.S. states and countries around the world.

Fees: Due to external cost and charges, some fees apply above certain monthly limits.

  • Debit and credit cards: A fee of 2.75% applies to members who choose to fund their Uphold account with a debit or credit card. Visa and MasterCard initially.
  • Bank transfers: It is free to withdraw value off of Uphold into a bank account up to $12,000 (or equivalent of €10,000 or £8,000) per year. Thereafter, a fee of 0.5% applies.
     
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