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USD Bank Transfers

Learn about bank transfers: How to set up, types of transfers, and estimates of how long they take to reach your bank.

Updated over 2 weeks ago

Initiate Bank transfers to withdraw funds from the USD account associated with your OpenNode account to your destination bank account.

Connect a bank account with your OpenNode account

Once you complete verification, you will see the option to connect a bank account as part of enabling a USD wallet.
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Once your bank account is connected to your OpenNode account, there are two ways to move funds from your OpenNode account to your bank account: scheduled bank transfers, and one-time transfers.

Scheduled Daily Bank Transfers

Scheduled bank transfers are an automated way to move funds from the OpenNode platform to your bank account on a recurring basis. You can enable scheduled transfers by selecting the toggle on the Wallets > local currency wallet page.

How long does a scheduled bank transfer take?

OpenNode processes scheduled transfers every day at 7:00 PM UTC for USD. To stop scheduled bank transfers, simply disable using the toggle. Funds leaving the USD wallet should process and post in your bank account on the next business day (T+1).ย 

One-time Bank Transfers

One-time bank transfers allow users to withdraw USD funds on demand with no minimums. Initiate a one-time bank transfer by selecting "One-time bank transfer" on the Wallet > USD wallet page.

How long does a one-time bank transfer take?

Bank transfers initiated before 7:00 PM UTC for USD should process and post in your bank account on the next business day (T+1).ย 

Bank transfers initiated after the 7:00 PM / 05:00AM UTC cutoff times on a given day should generally process and post in your bank account in 2 business days (T+2).

Note: Bank transfers may be subject to minimums and fees.

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