Circle enables US Instant withdrawals for cross-border bank transfers

Source: Circle

Social payment app Circle, today launches instant withdrawal for US bank accounts.

For the first time users will be able to transfer money from Circle to a US Bank account instantly and with no fees.

With Circle’s new feature, it’s a global first for a payments app facilitating money transfers from a UK bank account to a US bank account all within 10 seconds, without any transaction fees.

By simply tapping on the ‘Banks’ tab and then ‘Cash out to your bank’ on Circle, users will be able to choose the amount they want to withdraw and it will transfer to your preferred account. This is all made possible by Circle’s continued innovation in digital currency.

"This is the first time in history that people in the UK and Europe can instantly send money to the US, at no cost, with no FX markup, and have the funds received and available in the recipient's bank account instantly", says Jeremy Allaire, CEO and co-founder at Circle. "It's finally possible for money to work the way the internet works for content.”

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