Last Updated: November 5th, 2018
|
Item |
Fees |
Details & Disclosures |
|
Bank Wire - Tokenization |
No fees. |
Circle and its banking partners do not charge fees for tokenizations into your USDC Account made in connection with the tokenization of US Dollars, provided that the wire is denominated in US Dollars. If you wire funds in another currency, Circle’s banking partners may charge you a currency conversion fee and your tokenization will be converted at the then applicable currency conversion rate of Circle’s banking partners. You may also incur fees from your own bank.* |
|
Bank Wire - Rejected Tokenization |
$50 |
Circle will charge a fee if your bank wire is rejected and needs to be returned. Possible reasons for rejection include missing or misspelled reference numbers or attempting to deposit an amount in excess of your deposit limit. |
|
Bank Wire - Redeem |
No fees. |
Circle and its banking partners do not charge fees for redeeming USDC for US Dollars and wiring funds to your bank account. You may incur fees from your own bank when receiving funds. A minimum of $100 is required to redeem via bank wire. |
|
USDC Transfer (Inbound) |
No fees. |
Circle does not charge fees in connection with receiving USDC into your USDC Account. You may incur fees imposed by either/both of the platforms from which you are sending USDC and the Ethereum network. |
|
USDC Transfer (Outbound) |
Applicable transaction (gas) fees on the Ethereum network. |
In connection with sending USDC from your USDC Account to external USDC addresses, Circle will charge you a fee to cover the transaction costs of the Ethereum network. This fee will vary based on the current status of the Ethereum network and always be displayed to you before you complete an outbound USDC transfer.** |
|
USDC Custody |
No fees. |
Circle does not currently charge any custody fees in connection with holding USDC in your USDC Account; provided that Circle shall retain any interest or return that may result from holding funds in the Segregated Accounts. |
* For these reasons, you should always denominate your wire transfer in US Dollars so that you know exactly how much USDC you will receive in respect of a given tokenization.
**How does Circle calculate the amount to cover Ethereum network transaction (gas) fees?
Fees deducted from the amount of an outgoing USDC transfer are set to cover the average Ethereum network transaction (gas) fees to ensure transactions are processed in a timely fashion. Circle reviews and updates these fees on a weekly basis and they are subject to change depending on the state of the Ethereum network.