Transfers let you move funds between different accounts, whether from one crypto wallet to another or between crypto and fiat. You can use Transfers to bridge stablecoins (e.g., moving USDC from Ethereum to Polygon), convert bank deposits to crypto, or withdraw crypto to your bank account. The process is straightforward: select your source, choose your destination, enter the amount, and confirm the transfer. You can track the status of each transfer in the Transfers tab.

Activating transfersCopied!

When you access the Transfers Tab:

1. Navigate to Payments → Transfer and click the actions button, then select transfer funds:

   • In the Transfers Tab, click the “actions” button (usually at the top-right).

   • This will open the transfer funds modal.

2. Activation prompt:

   • If transfers are not yet enabled, you will see a prompt to “activate transfers”.

   • Click activate and complete the kyc/kyb process as required.

   • Once verified, transfers will be fully enabled in your account.

Creating a transferCopied!

Step 1: Choose your source (“Receive”)

• Select source account:

  • Choose the account from which funds will be transferred. This can be a crypto wallet (e.g., “USDC on Ethereum”) or a bank account.

• Review Source Details:

  • Ensure the source details (network, address, or bank information) are correct.

Step 2: Choose your destination (“Send”)

• Select destination account:

  • Choose where you want the funds to be sent. Options include another crypto wallet (e.g., “usdc on polygon”) or a bank account.

• For crypto destinations:

  • You can select up to three networks.

  • Networks labeled “Payment Link Supported” allow direct payments from the invoice.

• For fiat destinations:

  • Enter the required bank details (Account/IBAN, Routing/Sort Code, SWIFT/BIC).

Step 3: Confirm Transfer Details

• Review summary:

  • Confirm that the source and destination details, asset type (e.g., USDC), and any conversion details are correct.

• Fees & timelines:

  • Acctual will display any applicable network or bank fees and estimated processing times.

• Initiate transfer:

  • Click “confirm” to submit your transfer.

  • Note transfers take few minutes to settle.

Transfer scenariosCopied!

Chain-to-chain transfers

• Example: Convert USDC from ethereum to USDC on polygon.

• Process: Acctual bridges the stablecoins between the chosen networks.

Bank-to-chain transfers

• Example: Receive USD via bank transfer and automatically convert it to USDC on Ethereum.

• Process: Once the fiat funds clear, Acctual converts them to the designated stablecoin and deposits them into your crypto wallet.

Chain-to-bank transfers

• Example: Deposit USDC from your crypto wallet and have it converted to USD in your bank account.

• Process: A generated wallet address receives the crypto; Acctual then auto-converts it and initiates a bank transfer.

Tracking and managing transfersCopied!

1. View Transfer Status:

   • In the Transfers Tab, see a list of your recent transfers with status indicators:

     • Processing: Transfer is in process.

     • Complete: Funds have reached the destination.