Your Virtual USD Account allows you to hold, receive, and use funds in USD within our app. While it is not a traditional U.S. bank account, it functions similarly to a checking account.
Here’s what you can do with it:
Accept and hold funds in US Dollars
Use your balance for supported transfers and payments
Track your balance and transaction history in real time
It does not earn interest like a savings account, and is designed for day-to-day usage - much like a digital checking account.
If you're unsure about how to use it, or what types of transfers are supported, feel free to reach out to our support team.
What is a Virtual USD account?
A Virtual USD account lets you receive deposits in US dollars through a unique account number assigned to you.
When money is sent to this account, it is automatically converted to digital dollars (USDP or USDC) in your Sling Wallet.
You can then hold, send, or convert your digital dollars just like any other balance in Sling Money.
Virtual Accounts allow you to receive deposits in US dollars and euros like a local, whether or not you reside in the US and Europe. Deposits in Virtual Accounts are automatically converted to stablecoins in your Sling Money wallet.