USD Virtual Account Guide
Apply for USD virtual account access inside iCloser. Virtual account access and related payment infrastructure services are provided through regulated financial partners, where approved and available.
What you need before applying
VA Financial Infrastructure is a partner-supported payment infrastructure workflow. All three requirements below must be met before your application can proceed. Missing any one of them will block the process.
Your iCloser digital identity is an ENS name on the Ethereum blockchain, issued in the format yourname.id.idao.eth. It proves your Web3 identity and is required to link your VA account. You must register and activate your DID before applying. Set up your DID →
VA Financial Infrastructure identity verification is handled by Sumsub, a third-party identity platform. This is separate from the Black-Gold Visa KYC flow (which uses Didit). You will be directed to a Sumsub verification link inside the app. Required documents: a valid government-issued ID and a selfie. Address proof (utility bill or bank statement dated within 3 months) may also be required.
RequiredYour iCloser account must have a verified email address. Your legal name and country on file must match your government-issued ID exactly, as this information is passed to the authorized financial partner for application review.
RequiredHow to apply for a USD Virtual Account
Once prerequisites are met, the application process has three stages: entity verification, KYC completion, and account activation. Allow 1–5 business days for full review.
Open the Identity section. Verify that your name.id.idao.eth DID is registered and shows an active status. If not yet set up, complete DID registration first.
Navigate to VA Financial Infrastructure in the app. Tap "Apply for VA Account." Confirm your legal name, country, and email. This information creates your application record with the authorized financial partner — it must match your ID documents exactly.
The app will open a secure Sumsub verification link. Complete the identity check: photograph your government-issued ID (passport or national ID, front and back) and take a selfie. Follow all on-screen instructions. The link expires after 2 hours — complete it in one session.
Depending on your country and account type, you may be asked to upload a Proof of Address — a bank statement or utility bill dated within the last 3 months, showing your legal name and full address.
Your identity and documents are reviewed by the authorized financial partner. This typically takes 1–3 business days. You will receive an in-app notification when approved. During review, your entity status shows:
Once your entity is Active, tap the USD account request action shown in the app. Credential provisioning is typically processed within 1 business day. Your account status will show Pending until activation.
Once active, navigate to VA Financial Infrastructure → Your USD Account to see the account details made available for your approved profile. Where supported, you may use these details to receive eligible payment instructions from external financial institutions and employers.
Your USD account information
After your VA access is approved and provisioned, you will see your USD virtual account details in the app. Where available, these credentials are issued through an authorized financial partner and may be shared with supported senders or payment platforms to receive eligible funds.
Your legal name as registered for the VA workflow. This may appear on incoming transfers as the beneficiary name.
Your issued virtual account number, used with the routing number for eligible domestic US transfer workflows.
9-digit number used for eligible ACH and domestic wire transfer workflows. The routing number identifies the financial institution that supports the VA credentials.
Required for international wire transfers. Share this along with your account number to receive eligible payment instructions from financial institutions outside the US.
The institution details shown in the app. Include these only when your sender or payment platform requests full beneficiary institution information.
Your USD account may support both domestic (ACH and Fedwire) and international (SWIFT) inbound transfers, depending on eligibility, partner availability, and the account details shown in the app.
How to share approved USD virtual account details
Where your profile is approved and partner credentials are issued, the app may display ACH, Fedwire, or SWIFT/BIC instructions. Provide only the details shown in the app and only for eligible payment activity.
In the app, open VA Financial Infrastructure → USD Account → Share Details. Send the appropriate set of details: routing number for US senders, SWIFT code for international senders.
Received eligible payments may show as ACH Settlement In, Wire Settlement In, or SWIFT Settlement In in the transaction list, along with the sender's name and reference. Settlement timing depends on the partner, network, and review status.
If the sender name on an incoming payment does not match anyone you know, do not interact with the customer balance and contact tech@icloser.xyz immediately.
Conversion services between USD and USDT
Where available, partner-supported conversion services may allow eligible users to convert between USD balances and supported stablecoins. Availability, rates, fees, timing, and limits are determined by the applicable partner and the final in-app confirmation screen.
Use an eligible USD balance as the source for a partner-supported stablecoin conversion into your iCloser wallet, where available.
Use supported USDT as the source for a partner-supported USD conversion, where available and approved.
In the FX section, enter the amount you want to convert. The app displays an indicative rate, estimated receive amount, and applicable fee. The quote may expire and must be reviewed before confirmation.
Check the conversion rate, total fee (denominated in the currency you are selling), and final receive amount. If the rate expires before you confirm, tap "Refresh Quote" to get a new rate.
Once confirmed, conversion processing and posting depend on partner rules, network status, and compliance review. Completed conversions appear in your transaction history as FX Conversion.
USD settlement to an approved external account
Settlement lets eligible users request USD settlement from a VA account to an approved external recipient account. You must first add the recipient as a saved payee, then create a settlement order.
Step 1 — Add a Payee (Recipient)
Enter the recipient's legal name, country, financial institution name, account number, and the appropriate routing code. Choose the correct settlement type based on the recipient institution and the details shown in the app.
The channel determines which routing fields are required:
- ›ACH — 9-digit ABA routing number. For US domestic payroll and regular payments.
- ›Wire (Fedwire) — 9-digit Fedwire routing number. For US domestic same-day wires.
- ›SWIFT — BIC/SWIFT code and full recipient institution address. For international transfers.
Recipient institution address is required for all settlement types — ACH, Wire, and SWIFT. Do not leave it blank. At minimum provide the institution's city, country, and street address line.
Step 2 — Create a Settlement Order
Each settlement requires a payment material file — this is a document justifying the transfer (e.g., an invoice, agreement, or payment confirmation). Accepted formats: JPG, PNG, PDF. Maximum 10 MB. This is a regulatory and compliance requirement of the authorized financial partner.
Choose the saved payee, enter the amount, and add a payment reference (e.g., "Invoice #2024-001"). The reference may appear on the recipient institution's statement or payment record.
The app shows the settlement fee and estimated arrival date before you confirm. ACH typically settles in 1–3 business days; Fedwire same day (business hours); SWIFT 2–5 business days.
Once submitted, the settlement is queued with the authorized financial partner. If the status moves to Processing, the settlement has been submitted for processing. Recalls may not be available after this point. Check the status in Transaction History.
Pending
Processing
Completed
Rejected
Common reasons: incorrect account or routing number, mismatched recipient name, AML compliance hold, missing or insufficient payment document, or insufficient VA balance. Rejected settlement funds are returned to your VA account.
Data, privacy, and authorized partners
Sumsub is the identity verification platform for VA Financial Infrastructure. Your document photos and biometric data are processed by Sumsub directly and governed by Sumsub's own privacy policy and data retention standards.
Didit is the identity verification platform for Black-Gold Visa access. Visa KYC and VA KYC are separate flows — Didit is used for Black-Gold Visa, Sumsub is used for VA Financial Infrastructure.
iCloser Ltd. is registered with FinCEN as a Money Services Business (MSB ID: 31000311076673) and holds SEC Exempt Reporting Adviser status (CRD: 338976).
VA credentials are supported through authorized financial partners that provide access to ACH, Fedwire, and SWIFT/BIC transfer workflows where available. Partner services are subject to applicable financial infrastructure, AML, sanctions, and compliance requirements.
Common questions
Which currencies does VA Financial Infrastructure support?
USD is the current VA Financial Infrastructure focus. Any additional currency availability will depend on partner coverage, jurisdiction, compliance review, and the exact options shown in the app at the time of application.
Do I need an iCloser DID to apply?
Yes. An active iCloser DID in the format name.id.idao.eth is required before you can apply for VA Financial Infrastructure. Your DID is your Web3 identity layer and links your on-chain identity to your VA account. Register your DID →
Is VA KYC the same as Visa KYC?
No. They are separate flows with different providers. Black-Gold Visa KYC is completed via Didit. VA Financial Infrastructure KYC is completed via Sumsub. If you already have Black-Gold Visa access, you still need to complete the Sumsub flow for VA Financial Infrastructure.
How long does account activation take?
Entity (KYC) review typically takes 1–3 business days. Once your entity is Active, USD account activation usually completes within 1 business day. Total time from application to active account: 2–5 business days under normal conditions.
Can I receive employer or client payments?
Where your profile is approved and ACH details are issued, supported senders and payment platforms may be able to use your USD VA account number and routing number for eligible ACH payments. For international senders, use the SWIFT/BIC details shown in the app when available.
Does iCloser keep a copy of my KYC documents?
No. iCloser does not collect or retain your financial infrastructure identity documents. Documents submitted through Sumsub are processed and stored by Sumsub under their own policy. Your VA records are held by the applicable authorized financial partner, not by iCloser.
Why is a payment reference document required for settlements?
The authorized financial partner requires a supporting document for outbound transfers as part of AML (anti-money laundering) compliance. This can be an invoice, agreement, contract, or any document that explains the purpose of the payment.
What happens if my entity application is rejected?
You will receive a rejection reason in the app. Common reasons include: name mismatch between your account and ID, expired ID, unclear document photos, or an unsupported country. Correct the issue and re-apply. Contact tech@icloser.xyz for assistance.