Otherwise, feel free to explore our help center topics below
Categories
How do I buy bitcoin through a direct debit ACH transfer?
This article is designed for U.S. users who want to purchase a bitcoin transaction of $10,000 USD or less.
If you would like to make a purchase for greater than $10,000 USD, please use this article:

You can buy bitcoin through a direct debit from your bank account, through an ACH bank transfer. All direct debits are processed by SynapseFi, who you will link your bank account through. This is a requirement to identify incoming payments, so please ensure that all of your banking information is correct to avoid any delays, or even cancellations.

Please also note that ACH transfers are only available from select banks. To check if your bank is eligible, you can check the list of all supported banks.

You can buy bitcoin through a direct debit ACH transfer using the Xapo app (Android or iPhone) or a web browser.

Select an option to continue:

How to buy bitcoin through a direct debit ACH transfer using the Xapo app (Android)

1. Open the Xapo app and log in to your account.

  • Select the My Money tab,
  • Tap Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoins.

  • Select Direct debit to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by tapping on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Tap Next to continue.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Tap Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.

How to buy bitcoin through a direct debit ACH transfer using the Xapo app (iPhone)

1. Open the Xapo app and log in to your account.

  • Select the My Money tab.
  • Tap Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoins.

  • Select Direct debit to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by tapping on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Tap Next to continue.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Tap Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.

How to buy bitcoin through a direct debit ACH transfer using a web browser

1. Log in to your Xapo account.

  • Select the My Money tab.
  • Click Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoins.

  • Select Direct debit to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by clicking on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Click Next to continue.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Click Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.

What next?

5. Complete your transaction through SynpaseFi.

If this is the first time you're purchasing bitcoin through direct debit, press Add a bank account to be directed to SynapseFi, our trusted payment processor. There, you can enter your bank details and your credentials. Please also note that if your bank is not eligible for a direct debit bank transfer, SynpaseFi cannot take your payment.

Once you have successfully linked your account, you'll return to the purchase screen where you can press Make Payment to proceed. Make sure that you have enough funds in your bank account to complete this transaction.

Your purchase price is guaranteed for 24 hours, meaning you have a 24-hour period between when you initially confirmed your transaction and when you complete your payment. If you do not complete your order within this time, the amount of your purchase in USD will automatically be reformulated to the current bitcoin price. If no payment is made at all, your Xapo account may result in temporary or permanent suspension.

As a reminder, the name on your bank account must match the name registered to your Xapo account. Otherwise, the payment will be rejected by SynapseFi and will result in lost transaction fees.

The standard processing time for the funds to reach your account is 2 to 3 business days.

Was this article helpful? We appreciate all feedback and suggestions!
We're sorry to hear that. We'd love to know how we can improve this article for you.

Was the information not clear enough?

Was there incomplete or missing information?

Did you spot any errors?

Please let us know below!

Thanks for the feedback!
Can't find what you are looking for?