Obvious Money is a financial technology company, not a bank. Banking services are provided by Layer2 financial services Inc.
Earn up to 5.5% APY on your funds. Withdraw anytime, anywhere, any amount
Receive and send payments through ACH, WIRE, Swift transfers
Remit USD to your local bank account at the lowest cost possible!
Send money to anyone globally with just a phone number for free!
How do I send USD to another US bank account?
You can send USD via ACH, Wire, or SWIFT transfer. The amount and time to send the funds will vary depending on the method chosen for transfer. Additionally, you can use Obvious Money p2p transfer to send funds using a phone number which is instant and free of cost.
Is Obvious Money a bank?
No, Obvious Money is not a bank nor a licensed financial institution. Obvious is a software company, that provides financial services in partnership with Layer2 Financial Inc, which is a licensed BAAS provider.
How do I convert USD to my local currency
You can send USD from your Obvious Money bank account using an International Wire transfer to your local bank account. Your local bank account shall convert it at the prevalent dollar rate. It usually takes up to 3 days and can vary depending on your region.
How does Obvious Money work?
Obvious Money provides a banking account on top of blockchain rails. When you receive USD in your account, it gets automatically converted to USDC(digital dollars provided by Circle) and stored in your account. When you send funds over ACH or International Wire, USDC gets converted to USD instantly and is sent over traditional banking rails.
Who can open a USD bank account?
USD bank account via Obvious Money is available in 150+ countries. You can check the eligibility for your country by checking on the website. After your KYC gets approved, you can start using your account.
What documents do I need to open a bank account on Obvious Money?
You need a passport or local national identity proof to complete KYC and open a bank account.