Your GrabrFi account has two separate balances. Each serves a different purpose and has different features. Here is a side-by-side comparison to help you understand which balance to use.
Comparison table
USD Checking Account | Stablecoin Wallet | |
Currency | US Dollars (USD) | USDB or USDC (depends on country) |
FDIC insured | Yes, up to $250,000 through Regent Bank | No. Stablecoins are digital assets, not bank deposits |
Banking partner | Regent Bank | Lead Bank (through Bridge) |
Custody provider | Regent Bank | Bridge Building Arx LLC |
Debit card | Yes (virtual and physical) | No |
ACH transfers | Yes (send and receive) | Receive only (converted to stablecoins) |
Wire transfers | Yes (send and receive) | Receive only (converted to stablecoins) |
Stablecoin transfers | Send/receive via conversion (ACH processing time) | Send/receive directly (blockchain speed) |
Local currency withdrawals | Yes (select countries) | No (convert to checking first) |
Processing speed for stablecoin sends | Same business day (ACH + blockchain) | Minutes (blockchain only) |
Best for | Daily banking, debit card spending, ACH/wire transfers | Holding stablecoins, fast stablecoin sends/receives |
Moving funds between balances
You can convert funds between your USD checking account and stablecoin wallet at any time:
Checking to wallet: USD is transferred via ACH and converted to stablecoins (USDB or USDC). Fee: 0.8%.
Wallet to checking: Stablecoins are converted to USD and transferred via ACH. Fee: 1% + $1.
Conversions are processed via the ACH network and typically complete within the same business day on business days. Conversions initiated on weekends or US bank holidays are processed on the next business day.
Which balance should I use?
Use the USD checking account for everyday banking: debit card purchases, ACH and wire transfers, bill payments, and local currency withdrawals.
Use the stablecoin wallet when you want to hold stablecoins, send stablecoins quickly without ACH delays, or receive stablecoins without auto-converting to USD.
Important: Your stablecoin wallet balance is not covered by FDIC insurance. For maximum protection, keep funds in your USD checking account when you do not need them for stablecoin transfers.