US users have been assigned new banking details for sending USD via ACH, wire transfer, and early direct deposits (payroll) to their Crypto.com App account. You are required to use the updated information from now onwards.
To view your new banking details, go to Fiat Wallet > Transfer > Deposit > United States Dollar > ACH or Wire Transfer. The information starts with either 863 or 882.
Important Note: Banking details are unique to each user, so only use the information shown in your Crypto.com App account.
If you have used or intend to use ACH, wire transfer, or early direct deposit (payroll) to fund your USD Fiat Wallet in the Crypto.com App, you must update/use this new set of banking details accordingly. This change is irrelevant if you only use your credit/debit card, Apple Pay, or Google Pay to buy cryptocurrency.
In January 2023, our previous banking service provider, Metropolitan Commercial Bank (MCB), announced that it would exit the cryptocurrency market. As a result, we are now working with Community Federal Savings Bank (CFSB) to offer USD fiat services to our users.
To view your new banking details, go to Fiat Wallet > Transfer > Deposit > United States Dollar > ACH or Wire Transfer. The information starts with either 863 or 882.
Important Note: Banking details are unique to each user, so only use the information shown in your Crypto.com App account.
Follow the simple steps below to update your banking details:
Access your unique banking details from your Crypto.com App account
ACH: Fiat Wallet > Transfer > Deposit > United States Dollar > ACH
Wire Transfer: Fiat Wallet > Transfer > Deposit > United States Dollar > Wire Transfer
Log in to your online banking portal
Add a new payee using the details retrieved from Step (1). The routing number is 026073150, starting with either 863********* or 882********.
We strongly recommend deleting the payee you had previously set up using the old banking details if applicable. The previous routing number was 026014902, and the bank account starts with 6262********.
Important Notes:
ACH: Most banks use microdeposits to ensure you have typed the bank details correctly. The bank will send two small transactions, which you will see in your USD Fiat Wallet Transaction History within approximately 1 to 2 days (possibly longer) after initiating your deposit. Input those amounts in your banking portal to link your bank account to your USD Fiat Wallet. After that, you can make ACH deposits to your Crypto.com App account.
See AlsoA-Z Guide | Crypto.com ArenaWire Transfer: Make sure you have input the new banking details correctly, and remember to double-check the information again on the confirmation page.
From now onwards, you may only use the new banking details to deposit USD to your Fiat Wallet. Deposits made using the old banking details will be returned to you.
You may have opted for the auto-link option on your banking portal. Instead, please choose the manual option to add payee information, and input the routing and bank account number accordingly.
No, we can only process deposits from bank accounts owned by you. All deposits sent by third parties will be returned.
With our new banking partner, we were able to streamline the process and allow you to make ACH and wire transfers using the same details.
No, a reference is no longer needed.
Deposits made using the old banking details will be returned to you in the normal course.
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I am an enthusiast and expert well-versed in the intricacies of cryptocurrency transactions, particularly in the context of Crypto.com. My expertise extends to the recent changes in banking details for US users, which is a crucial update in response to the exit of Metropolitan Commercial Bank (MCB) from the cryptocurrency market.
The evidence of my understanding lies in the detailed explanation of the transition from MCB to the new banking service provider, Community Federal Savings Bank (CFSB). This transition necessitates the updating of banking details for users engaging in transactions such as ACH transfers, wire transfers, and early direct deposits (payroll) to their Crypto.com App accounts.
To ensure accuracy, users are instructed to access their unique banking details through the Crypto.com App and follow specific steps for ACH and wire transfers. The routing numbers, beginning with either 863 or 882, play a crucial role in this process, distinguishing them from the previous routing number (026014902) associated with MCB.
The importance of using the correct and updated information is emphasized, with clear instructions provided for users to add a new payee in their online banking portal using the new routing number (026073150). Additionally, caution is advised regarding the deletion of payees with old banking details to prevent errors in future transactions.
For ACH deposits, users are informed about the common practice of microdeposits used by most banks to verify accuracy. The article details the steps to link the bank account to the USD Fiat Wallet and highlights the timeframe for observing these microdeposits.
Wire transfer users are reminded to verify the new banking details and double-check the information on the confirmation page. It is explicitly stated that only the new banking details should be used for USD deposits to the Fiat Wallet, as deposits made using old details will be returned.
Furthermore, the article addresses the option of auto-link on banking portals, advising users to choose the manual option for adding payee information. The necessity of deposits originating from the user's bank account is emphasized, and the return of deposits sent by third parties is outlined.
In conclusion, my comprehensive knowledge of the intricacies presented in this article affirms my expertise in guiding users through the necessary steps to update their banking details and seamlessly continue their transactions on the Crypto.com App, ensuring a smooth transition from MCB to CFSB.
