Payments upgrade and international users
July 28, 2022
Introducing wire transfers and international users.
We have exciting updates to share about ALT. Wire transfers are now available, and ALT welcomes international users from 28 additional countries*.
By moving our payments infrastructure to Circle, we’re able to add additional funding options and faster fund settlement. Plus, it serves as a foundational piece for an exciting year, opening our doors to an international, frictionless future.
While ACH-initiated transfers provide access to instant credit that can be used to acquire assets, they typically take a few days to settle, and do not address our customers’ limited options for funding their accounts. Updating our payment infrastructure will add additional ways to fund your ALT account over time, providing the freedom to choose a preferred method.
Customers will be able to initiate ACH transfers of $25,000/day and receive instant credits of up to $25,000 that can be spent on the platform immediately. But instead of waiting for ACH transfers to settle, wire transfers can settle the same day, as long as they are initiated before the commercial wire transfer cutoff time at 3 pm ET.
We are thrilled to share these updates with you all as this is a key piece of an exciting year we have coming!
And if you have any international connections who may be interested in ALT, refer them and get a $25 ALT credit.
Check out our FAQ if you want more information.
*International users are now welcome from the following countries: