Global Fiat Remittance allows Jupiter Global users to send and receive fiat through virtual accounts, SWIFT transfers, and local payouts.
How It Works
Once Jupiter ID verification is complete, users receive virtual accounts in USD, GBP, and EUR. Each account includes standard banking identifiers for its currency.
Virtual accounts are funded by incoming fiat transfers from external bank accounts. USDC cannot be deposited directly into virtual accounts.
Users can both send and receive SWIFT transfers to over 200 countries. Local payouts are also available in 20 supported currencies.
Local Payouts
In addition to SWIFT, users can send local payouts in the following currencies:
AED, BRL, CAD, EUR, GBP, IDR, INR, JPY, MAD, MXN, MYR, NGN, PHP, SAR, SGD, THB, TRY, TWD, USD, VND.
Fees & Limits
No fees on transfers. Currency conversions are done at the mid-market rate with no spread. The per-transfer limit is $10,000.
Limitations
- Per-transfer limit. Each transfer is currently capped at $10,000.
- Global account required. Requires a funded Global account and completed Jupiter ID verification.
- Corridor availability. While SWIFT covers over 200 countries, specific corridors may be subject to restrictions depending on the recipient's bank and local regulations.
- Fee structure may change. The current zero-fee model may be updated as the product evolves.