Banking
🔓 Do I need to create a Vault to use banking?
Nope. You can use banking directly with your own wallet. That said — if you want more protection (multi-sig, seedless, AI co-signers), using your Locked Money Vault is a great upgrade.
🪪 What KYC is required?
To activate banking, you'll need to:
Sign in with your wallet
Submit basic identity details (no passport required)
Upload proof of address
Add your bank account information
KYC is quick to complete, and typically approved much faster than centralized exchanges.
🕒 How long does KYC take?
It usually takes just a few minutes to complete. Approval may take a few hours to a few days — but never weeks. You'll be notified once you're verified and ready to go.
💸 What’s the transaction limit?
You can send up to $500,000 per transaction — with no limit on how many transactions you can make. That’s one of the highest limits available for retail crypto users
💰 What are the fees?
Locked Money charges a flat 1.5% fee per transfer. No hidden fees, no sketchy FX markups. Just one clear, competitive rate.
🔁 Can I do both on-ramp and off-ramp?
Yes. You can:
Convert fiat from your bank into crypto (on-ramp)
Convert crypto into fiat and send it to your bank (off-ramp)
All directly from your wallet or Vault. No centralized exchange required.
💱 Which currencies are supported?
We currently support many major fiat currencies, including:
USD
GBP
EUR
CAD
AUD
🌍 Which countries are supported?
We support users from most major jurisdictions globally. Coverage is expanding fast — our goal is to be the first truly worldwide crypto banking access point.
🧠 Can I use a Vault for banking?
Absolutely. Your Locked Money Vault gives you:
Multi-sig signing
AI oversight (coming soon)
Seedless setup It’s the most secure way to use banking — especially for larger transfers or team-controlled funds.
🚀 How fast are transfers?
Very fast. In many cases, your funds will arrive faster than traditional international bank wires. Timing may depend on your local banking system, but we’ve optimized the flow for speed.
🔐 Is this self-custodial?
Yes.
You never deposit funds into a third-party wallet
Your crypto stays in your control at all times
Transfers happen directly from your wallet or Vault
This is crypto-native banking — no custodial risk involved.
📩 What if something goes wrong?
Most issues are rare — but if you ever need help:
Double-check your wallet and transaction details
Visit locked.money/contact for direct support
Or message us in the Telegram community
We're here to help.
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