Are there any fees for redeeming USDC?
Circle’s fees are outlined here (there are basically no fees).
You may be charged an incoming wire fee by your bank, please contact them for details. If the amount you are wiring is less than the fee your bank charges, your account may not be credited.
Are there any minimum redemption amounts for USDC?
The minimum redemption amount at the moment is 100 USDC.
When can I redeem USDC?
Redemptions are available from Monday to Friday (more timing details below), excluding holidays observed by the Federal Reserve System.
How long will my redemption take?
Once you initiate a redemption, it is automatically processed by our system in terms of burning the fiat tokens and initiating the bank wire transfer. Wires are periodically sent from Circle through our banking partners to your linked bank account, and the time between requesting a redemption and having the corresponding wire initiated should at most be 1 hour.
Redemption requests which are initiated before 3pm EDT on business days will have the associated wire sent for processing same day. Requests initiated after 3pm EDT will have the wire sent for processing the following business day.
Redemption requests to SEN-enabled bank accounts are processed instantly. For more details on USDC and SEN check this support article here.
I submitted my Redemption request, but it is still pending, what can I do?
Please contact support for further information.
My Redemption is marked complete, but I have not received the funds in my bank account, what can I do?
Wire transfers initiated as a result of redemption are subject to normal wire processing time, which can take 1-3 business days. If that time has passed and you still do not see the funds in your account, please contact support and we can initiate..
My bank account is not a USD account, what will the FX rate be?
Our bank accounts only receive or initiate transfers in USD, so will not assess any FX rate or FX charges. Your transfer will therefore be subject to the FX rate applied by your bank's network and you may incur additional FX processing fees. Please contact your bank for further information.
I would like to Redeem USDC above my limit, what can I do?
Please see here for further information on your limits.