Bank accounts haven’t changed for 100 years. So rather than giving you the same old account, we got our hands dirty and gave you a USD account that has free p2p payments, gives you up to 5.5% interest on your holdings, bridges to digital assets, lets you do ACH, SWIFT, and wire transfers while you securely hold your digital dollars using Obvious Money
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.
.png)
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.
