Solid Adds Named USD Accounts for ACH and Wire Funding
Solid now offers USD virtual account details in the user's own name. Clients or employers can send dollars by ACH or wire; Solid converts the money 1:1 to USDC without a conversion spread. The funds reach the Solid wallet, or go directly to a Rain card if the user has one. Setting up the account details requires an identity check and a $10 one-time charge.
Deposits cost 0.5% at Core, 0.25% at Prime and 0% at Ultra. On a $1,000 deposit, those fees are $5, $2.50 and $0 respectively. They are separate from the opening charge. The 1:1 conversion describes the exchange rate, not the total cost of receiving money: a Core user still pays a deposit fee even though there is no spread.
The fixed opening charge weighs more heavily on small or infrequent receipts. Opening the details and receiving $100 at Core entails $10 plus a $0.50 deposit fee, before any sender-bank charges. Receiving another payment does not incur the opening charge again. This route is consequently easier to justify for recurring USD client payments than for a single small transfer made only to fund a purchase.
The sender uses bank rails, while the recipient ends up with USDC. A named account number changes how dollars enter Solid; it does not mean the resulting wallet balance remains a dollar bank deposit. Direct card credit is specifically tied to the Rain programme, not every Solid Card. Before sharing payment details, check the account and routing number, receiving instructions, tier fee and destination in Solid's Deposit → Bank account flow; do not assume an existing card programme supports the same destination.
Source: Solid USD account thread.
