Open a global US based expat bank account from your mobile phone. Access digital dollars from anywhere and get upto 5.5% interest on your holdings. In addition to this, also get a bank account that can do ACH,SWIFT and wire transfers seamlessly.
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
Recieve 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!
Eligibility for Obvious Money account depends on your country of residence and not your nationality.
Who can open a USD Expat bank account?
USD expat 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.
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 much time does it take to transfer funds from an expat account?
The time taken for transferring funds depends on the method chosen.
P2P transfer using Obvious money is free and takes only a few seconds.
ACH transfers can take anywhere between 1 to 3 days.
International Wire/SWIFT transfers can take anywhere between 2 to 4 days.
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.
What documents do I need to open expat bank account on Obvious Money?
You need a passport or local national identity proof to complete KYC and open a bank account.
Who holds my funds?
You. Only you have access to your funds. Obvious Money is a self-custody app that does not and cannot take control of your funds. You can choose to invest your funds, transfer them internationally, remit them in your local currency, or transfer them to another wallet address.
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Disclaimer
Obvious technology is a financial technology company, not a bank. Certain services are offered through Layer2 Financials, Inc. and its affiliates.
Layer2 Financial Holdings Inc. ("Layer2"), a Canadian corporation is a technology company. Layer2 Financial Inc., a Delaware Corporation ("Layer2 US") is a subsidiary of Layer2. Layer2 US is a FinCEN-registered money service business (NMLS ID: 2438695) with money transmitter licenses in a number of states. Layer2 Financial Inc., a Canada Corporation ("Layer2 CA") is a subsidiary of Layer2 and is a FINTRAC-registered money service business (#M21596262). Layer2 Financial UAB, a Lithuania Private Limited Liability Company ("Layer2 EU") is a subsidiary of Layer2 and is a licensed virtual currency exchange operator in Lithuania (#306454094)
Digital Assets are highly speculative in nature, involve a high degree of risk and can rapidly and significantly decrease in value. It is reasonably possible for the value of Digital Assets to decrease to zero or near zero. Digital Assets held in your account are not protected by FDIC insurance or any other government-backed or third-party insurance.
This website is intended to provide an overview of Obvious Money and its products and is for general information purposes only. It is not intended to provide investment, accounting, tax, or legal advice.Obvious Money makes no representations that materials on this site are appropriate for use in all locations, or that transactions, securities products, instruments, or services discussed on this website are available or appropriate for sale or use in all jurisdictions, or are suitable for all investors or counterparties. Those who access this website do so at their own initiative and are responsible for compliance with applicable local laws or regulations.
