General
What is Reqwire?
Reqwire is a digital banking platform built for businesses operating across both
fiat and crypto.
It brings your financial tools together in one place, so you can send, receive, and exchange multiple currencies without friction.
At the moment, Reqwire serves businesses and organizations. Personal accounts are coming later.
It brings your financial tools together in one place, so you can send, receive, and exchange multiple currencies without friction.
At the moment, Reqwire serves businesses and organizations. Personal accounts are coming later.
Which fiat currencies can I use?
Reqwire currently supports the following fiat currencies:
USD, EUR, GBP, MXN, AED, and CAD.
Additional currencies will be introduced as new corridors go live.
USD, EUR, GBP, MXN, AED, and CAD.
Additional currencies will be introduced as new corridors go live.
Which cryptocurrencies are supported?
Reqwire allows both stablecoins and major
cryptocurrencies:
Stablecoins: USDT (ERC-20, TRC-20), USDC (ERC-20)
Non-stable coins: BTC, ETH
Stablecoins: USDT (ERC-20, TRC-20), USDC (ERC-20)
Non-stable coins: BTC, ETH
Is Reqwire licensed?
Yes. Reqwire operates under a regulated structure through licensed
partners and subsidiaries, including:
VASP licenses (Virtual Asset Service Provider) in the Czech Republic and Lithuania
Partnerships with providers holding MSB (Money Services Business) licenses in Canada and the U.S.
VASP licenses (Virtual Asset Service Provider) in the Czech Republic and Lithuania
Partnerships with providers holding MSB (Money Services Business) licenses in Canada and the U.S.
Accounts & Verification
How do I open a Reqwire business account?
Go to reqwire.io and sign up.
You'll complete a KYB (Know Your Business) process, including a short questionnaire and document upload followed by a setup fee payment.
Once submitted, our compliance team reviews your application.
You'll complete a KYB (Know Your Business) process, including a short questionnaire and document upload followed by a setup fee payment.
Once submitted, our compliance team reviews your application.
How long does approval take?
Most applications are reviewed within 48 hours after all documents are
received.
If additional information is required or enhanced due diligence (EDD) applies, it may take slightly longer.
If additional information is required or enhanced due diligence (EDD) applies, it may take slightly longer.
Will my account be named?
Yes, most Reqwire accounts are named in the client's business
name.
In rare cases (depending on industry and jurisdiction), a pooled account may be issued.
If so, you can request an official Account Confirmation Letter verifying ownership.
In rare cases (depending on industry and jurisdiction), a pooled account may be issued.
If so, you can request an official Account Confirmation Letter verifying ownership.
Billing & Fees
How do I pay the setup fee?
You can pay via cryptocurrency or credit/debit card.
Are there monthly fees?
Yes. The first month is included in your setup fee. After that, the subscription
renews automatically on your onboarding date.
Is there a monthly minimum?
No, there's no minimum balance requirement.
What happens if I miss a payment?
If your account doesn't have enough funds for the monthly fee, it will be
temporarily frozen until payment is received.
How are transactions charged?
Fee
Business / Enterprise
Description
Set Up Fee
$795/$1295
One-time fee due after KYB completion
Monthly Fee
$245/$495
Charged automatically each month
Incoming Transfers
0
Both fiat and crypto
Outgoing Transfers
(processing)
(processing)
0.2%
Applies to all fiat transactions
SWIFT
$35
Outgoing transfers
Fedwire
$25
Outgoing transfers
SEPA
$5
Outgoing transfers
ACH
$0.5
Outgoing transfers
FX (USD ⇄ Fiat)
3%/2%
Exchange between fiat currencies
Stablecoin Exchange
(USD ⇄ USDT/USDC)
(USD ⇄ USDT/USDC)
2%/1.5%
Fiat–stablecoin swap
Crypto Exchange
(USD ⇄ BTC/ETH)
(USD ⇄ BTC/ETH)
3%/2%
Fiat–crypto swap
Account Funds
What can I do with the funds in my account?
You can store, send, receive, or exchange between fiat and crypto — all from one
dashboard.
Are incoming transfers free?
Yes. There are currently no fees for incoming transactions.
How can I deposit funds?
Fiat deposits:
USD — via SWIFT and Fedwire for non-U.S. entities
USD — via pooled Fedwire or ACH for U.S. entities
EUR, GBP, MXN, AED, CAD — through corresponding rails available per region Crypto deposits:
BTC, ETH, USDT (ERC-20, TRC-20), USDC (ERC-20)
USD — via SWIFT and Fedwire for non-U.S. entities
USD — via pooled Fedwire or ACH for U.S. entities
EUR, GBP, MXN, AED, CAD — through corresponding rails available per region Crypto deposits:
BTC, ETH, USDT (ERC-20, TRC-20), USDC (ERC-20)
How can I withdraw funds?
Fiat withdrawals:
USD — SWIFT and Fedwire (non-U.S.)
USD — pooled Fedwire and ACH (U.S.)
EUR — SEPA
GBP — Faster Payments (FPS)
MXN — SPEI
AED — local transfer
CAD — Interac / local wire
Crypto withdrawals:
BTC, ETH, USDT (ERC-20, TRC-20), USDC (ERC-20)
USD — SWIFT and Fedwire (non-U.S.)
USD — pooled Fedwire and ACH (U.S.)
EUR — SEPA
GBP — Faster Payments (FPS)
MXN — SPEI
AED — local transfer
CAD — Interac / local wire
Crypto withdrawals:
BTC, ETH, USDT (ERC-20, TRC-20), USDC (ERC-20)
What exchange options are available?
USD ⇄ USDT / USDC (stablecoins)
USD ⇄ BTC / ETH (non-stablecoins)
USD ⇄ EUR / GBP / MXN / AED / CAD (fiat pairs)
All conversions are routed through USD as the base currency.
For example, exchanging USDT → GBP happens in two steps: USDT → USD → GBP.
USD ⇄ BTC / ETH (non-stablecoins)
USD ⇄ EUR / GBP / MXN / AED / CAD (fiat pairs)
All conversions are routed through USD as the base currency.
For example, exchanging USDT → GBP happens in two steps: USDT → USD → GBP.
Are my funds secure?
Yes. Fiat accounts are FDIC-insured up to $250,000, and all digital assets are
held in regulated custody.
Restrictions
Which businesses cannot use Reqwire?
Reqwire cannot onboard:
Companies registered or operating in sanctioned jurisdictions
Companies whose UBOs reside in sanctioned countries
Businesses involved in gambling, betting, or adult content
For more details, visit the Service Restrictions page.
Companies registered or operating in sanctioned jurisdictions
Companies whose UBOs reside in sanctioned countries
Businesses involved in gambling, betting, or adult content
For more details, visit the Service Restrictions page.
What if I have a sanctioned passport but live elsewhere?
Restrictions apply to residency, not nationality.
If you hold residence in a non-sanctioned country, you may still apply.
If you hold residence in a non-sanctioned country, you may still apply.