Virtual Accounts let you receive money directly into Solid using your own account details, the same way you would receive a payment into any account you already use. This article explains what they are, how they work, how to set one up, and where they are available.
What is a Virtual Account?
A Virtual Account is a set of personal account details issued to you, in your name, inside Solid. It includes an account number and routing number you can share with anyone who needs to pay you, and it works with both ACH and wire.
When someone sends money to your details, the funds are received, automatically converted into a dollar stablecoin (soUSD), and delivered into your non-custodial Solid wallet.
soUSD, your Solid wallet balance, and any yield are not deposits, are not held at SSB, and are not FDIC insured. FDIC insurance applies only to eligible deposits held at SSB, Member FDIC.
A Virtual Account is a way to receive and route money into Solid. It does not hold a separate balance of its own. Everything that arrives settles into the Solid wallet you already control.
What you can do with it
Receive your salary directly into Solid instead of a separate account.
Get paid by clients and marketplaces as a freelancer or remote worker, with one set of details you can reuse.
Move money in from an account you already have by sending a normal transfer to your Solid details.
Receive payments from across borders without bridging crypto or juggling multiple apps.
Funds you receive land in your Solid wallet. Separately, you can use other Solid features with your balance, including Solid Savings, the Solid card, and Solid Rewards. Each is its own feature.
How it works
You open Solid, tap Deposit, and choose Bank account.
You complete a one-time identity verification (KYC). This is required to issue account details in your name.
Solid issues your account details: an account number and routing number.
You share those details with anyone who needs to pay you, by ACH or wire.
When money arrives, it is converted to soUSD and delivered into your Solid wallet.
Once it lands, the balance is yours in your non-custodial Solid wallet.
The fiat side of this flow is powered by Rain and provided through licensed third-party providers. Solid never takes custody of the funds that land in your wallet.
How fast money arrives
Money sent by wire can arrive the same business day. ACH transfers usually clear within a few business days. Once funds arrive, they convert to soUSD and land in your Solid wallet right away.
Fees and limits
Receiving money costs nothing. There is no fee to open or hold your account details, no fee to receive money, and no conversion spread. The full amount someone sends is the amount that lands in your wallet.
Third parties, such as the bank sending a payment, may charge their own fees outside Solid. Sending limits may apply and can vary based on your account and verification.
Setting up your Virtual Account
Open the Solid app.
Tap Deposit on your home screen.
Select Bank account as your deposit method.
Follow the prompts to verify your identity. Have a government-issued ID ready.
Once approved, your account details appear in the app, ready to copy and share.
Verification is usually quick. If it takes longer or you run into an issue, our support team can help directly from the app.
Identity verification (KYC)
Virtual Accounts require identity verification before they can be issued. This is a standard requirement for receiving money this way and is handled securely through our partner.
If you have already completed verification for your Solid card, you may not need to verify again. If you have any trouble, reach out to support from inside the app.
Where Virtual Accounts are available
Virtual Accounts are available to verified users across most of the world.
They are not available in a set of restricted countries, and they are unavailable in some US states. Because the supported list can change, always check the current, canonical list here: Where is Solid available?
A few things worth knowing:
Solid Savings is a separate Solid feature and is available worldwide.
Your Solid card is accepted wherever Visa is accepted.
Card acceptance and Virtual Account availability follow separate lists, so the two do not always overlap.
How your money is held
Once your money is converted and lands in your Solid wallet, it is non-custodial. You hold it. Solid cannot freeze it, lock it, or move it without you.
soUSD, your Solid wallet balance, and any yield are not deposits, are not held at SSB, and are not FDIC insured. FDIC insurance applies only to eligible deposits held at SSB, Member FDIC.
The step before that, while incoming funds are being received and converted, is handled by Rain and its licensed providers. During that brief passthrough, your funds are held by a licensed provider at SSB, Member FDIC, in an account established for your benefit, then delivered to your wallet. Solid is a financial technology company, not a bank. Banking services are provided by SSB, Member FDIC. Funds deposited at SSB are eligible for FDIC insurance up to $250,000 per depositor, per insured bank, subject to applicable limitations and FDIC rules.
Frequently asked questions
Do I need to use crypto to receive money this way?
No. You share your account details and receive a normal transfer. The conversion to soUSD happens automatically in the background.
Whose name are the account details in?
Yours. That is why identity verification is required before they can be issued.
Can I still deposit with crypto?
Yes. Crypto deposits work exactly as before. Virtual Accounts are an additional option, not a replacement.
Does money in my Virtual Account earn yield?
A Virtual Account is only a way to receive money. It does not earn anything on its own. Once funds arrive in your Solid wallet, you can choose to use Solid Savings, which is a separate feature. soUSD, your wallet balance, and any yield are not deposits and are not FDIC insured.
Is Solid a bank?
No. Solid is a financial technology company, not a bank. Virtual Accounts are powered by Rain, and banking services are provided by SSB, Member FDIC.
What if my country or state is not supported?
You can still use Solid Savings, which is a separate feature available worldwide. Check Where is Solid available? for the current Virtual Account list.