USD — FAQ
What you need to know about Remicash USD account
What is USD account?
This is a core dollar savings account that let you save, lock, and earn interest in bitcoin or dollars.
You can save as little as 1 USD.
You earn an interest of 36% per annum.
Interest is paid in Bitcoin or USD — you can choose.
You can withdraw for FREE ONLY on auto-set withdrawal dates.
Withdrawal dates are auto-set every 90 days — this is to encourage crypto-financial discipline for our users.
Are there limits?
You can save as little as 1 USD (500 NGN).
The maximum amount you can save is 10,000 USD.
You can only withdraw 1,000 USD per withdrawal date.
Do I earn interest on my USD savings?
Yes! you earn 36% interest p.a on whatever money you have on your USD account. Interests are calculated daily(every 24hrs) and paid monthly in Bitcoin or USD.
PS: If there is any change in your balance, the interest for that day won’t be calculated.
Can I withdraw from my USD account?
Yes! you can withdraw. It is free!
However, you can only withdraw on your withdrawal date which is auto set every 90 days.
PS: If you didn’t withdraw on your withdrawal date, a new withdrawal date will be set which is 90 days from the previous withdrawal date.
How do I fund my USD account?
To fund your USD account, follow these steps:
- Tap on “Deposit”
- Choose “USD” option as the account you would like to fund
- Enter the amount you want to deposit
- Choose how you would like to pay e.g Bank Transfer
Your USD account will be funded.
Can I transfer from my NGN account to my USD account (core dollar savings)?
Yes, you can! Simply click on “Deposit” and then select the “USD” option, then enter the naira amount and choose “NGN wallet” as the source of payment to transfer to your USD (core savings).