Adding funds to your Digital Wallet

Adding funds to your Digital Wallet#

There are two ways to fund your Digital Wallet, both reached through Add Funds.

1) ADDING FUNDS BY BANK TRANSFER

You can transfer from a bank account in a supported currency: US dollar accounts (ACH or wire), euro accounts in the SEPA area, Mexican peso accounts (SPEI) and Brazilian real accounts (PIX). Each option is for bank accounts held in that currency, and the screen says so; a transfer from an account in another currency, or an international transfer to a domestic rail, will fail at your bank. More currencies are being added.

Who provides it, and the second verification. Bank transfers into Kasu are handled by our payments partner, Wayex, on infrastructure provided by Bridge, a Stripe company. Bridge and its banking partner hold the licences under which your money is received and converted, and when you use the service you open an account with Bridge, through Wayex, under their terms of service. Because that is a separate regulated relationship, Bridge must verify your identity itself; Kasu is not permitted to pass your Didit verification across. The first time you choose to add funds by bank transfer, you will therefore be taken through a second verification, run by Persona for Bridge. It is shorter than the first (typically an identity document and a selfie) and is completed once. Your documents and the verification record are held by Bridge under its own terms, linked at the point you begin. Wayex does not receive copies of them, and Kasu receives only the outcome: whether you are verified, and if not, why.

Your money between your bank and your Digital Wallet. The conversion of your transfer into stablecoins is carried out by Bridge, and the stablecoins are delivered to your Digital Wallet when it completes. In rare cases where further compliance checks are needed, Wayex may hold your funds in a separately controlled account while those checks are completed.

What arrives, and what it costs. Bank transfers arrive in your Digital Wallet as stablecoins. Converting your money costs 0.5% of the amount you send, made up of 0.1% charged by Wayex and 0.4% charged by Bridge. The fee is taken in the currency you send, before conversion, and the remainder is converted at the exchange rate applying when your transfer arrives. Two examples:

• 1,000 US dollars converted to USDC. The fee is 5 US dollars. The remaining 995 US dollars convert to USDC one for one, so 995 USDC arrives.
• 1,000 euros converted to USDC. The fee is 5 euros. The remaining 995 euros convert at the exchange rate applying when the transfer arrives; at an illustrative rate of 0.861 euros per USDC, that is 1,155.63 USDC.

The rate on the screen. You do not need to do that arithmetic yourself. The transfer screen shows a single indicative exchange rate and an estimated stablecoin amount, and the 0.5% fee is already included in both: the rate shown is the rate after the fee, and the estimated amount is what you would receive. In the examples above, the screen would show about 0.995 USDC per US dollar and an estimate of 995 USDC, or about 1.156 USDC per euro and an estimate of 1,155.63 USDC.

The rate is indicative, not a quote. It cannot be locked, because the conversion happens only when your money lands. For US dollars the rate does not move, so the estimate is exact; for other currencies the amount that arrives may be a little more or less than the estimate. The transfer screen also shows the beneficiary details to copy into your bank and the reference to include so the transfer is matched to you.

The reference matters. For US dollar, euro and Mexican peso transfers, the transfer is matched to you by the reference shown on the screen, which you must include in your bank's reference or memo field exactly as shown. A transfer that arrives without it, or with it mistyped, cannot be matched to you automatically. Contact Kasu support straight away with the transfer details and it can be routed to you manually; otherwise the unmatched transfer is returned to the bank account it came from, usually within three to five business days.

Brazilian real transfers (PIX). PIX works differently. The screen shows a PIX code, which is the payment destination itself. Paste it into the PIX payment screen of your banking app, or scan the QR code shown, and the transfer is matched to you without a reference. The code is yours and does not change between sessions.

Minimums and timing. Each option shows its minimum on the screen. Small transfers are accepted (for example, 50 Mexican pesos or 10 Brazilian reais), so you can test the process with a small amount first. Arrival times depend on your bank and the rail: some settle within minutes, others take a few business days. Your stablecoins appear in your Digital Wallet once the transfer has arrived and been converted.

2) ADDING FUNDS WITH STABLECOINS YOU ALREADY OWN

If you already hold a supported stablecoin in another wallet or an exchange account, you can transfer it to your Digital Wallet address. Send only the stablecoin shown as accepted for the strategy you intend to lend to, on the network shown beneath the address. No conversion fee applies to a stablecoin transfer; your sending wallet or exchange may charge its own network fee.

A stablecoin is a digital token designed to track a currency one-to-one. USDC tracks the US dollar. Your loan is advanced and repaid in the stablecoin you select, not in your home currency. For a US lender using USDC, the two are the same and no exchange rate is involved. If they differ, what your loan is worth in your home currency will rise or fall with the exchange rate between them, and each conversion to or from your bank account occurs at the rate prevailing at the time, so the amount returned to your bank may be more or less than the amount you converted.

The app shows this warning at the point you confirm a Lending Request, so it is in front of you when it matters. See Risk Warning.