U.S. dollar account infrastructure for fintechs and international financial institutions.
Approved programs operate named USD accounts, virtual account structures, FBO and omnibus configurations, ACH and wire workflows, subledgering, and reconciliation through applicable sponsor-bank and infrastructure relationships.
Match the structure to the legal relationship.
\u201CA U.S. dollar account\u201D describes several materially different arrangements. Fund ownership, the bank-customer relationship, permitted payment parties, and recordkeeping determine which structure is available.
Named accounts
Account details that carry a business or customer name so incoming payments can be recognized and attributed. The displayed name does not by itself establish the legal account holder, fund ownership, or deposit-insurance treatment.
Virtual account structures
Unique identifiers that route activity into an underlying account while preserving attribution to a customer, invoice, or subledger. A virtual account is not necessarily a separate deposit account.
FBO accounts
Accounts held for the benefit of underlying principals, supported by customer-level records. FBO titling alone does not create pass-through FDIC insurance.
Omnibus versus individual structures
Pooled activity with subledger attribution, or discrete accounts where the program and providers support them. Each option changes reconciliation, disclosure, and exception handling.
Programs for underlying clients
Where approved, account workflows for underlying businesses or individuals, with onboarding, verification, monitoring, recordkeeping, and escalation responsibilities allocated in advance.
Reliance-model programs
Where legally available and approved, a documented structure in which a bank relies on another eligible regulated institution for specified customer-identification procedures.
Rails are separate capabilities, enabled per program.
An account does not automatically include every rail. Availability, limits, return handling, processing windows, and permitted use cases are defined during program review.
- ACH credits
- ACH debits, where supported
- Domestic wires through the participating financial institution
- International wires or SWIFT-related workflows, where available
- Beneficiary payments and payouts
- Approved collection flows
- Third-party funding and payouts, only where expressly approved
- Reconciliation, subledgering, and transaction reporting
Sponsor bank
Certain banking services available through approved Ledger1 programs are provided by SSB Bank, a Pennsylvania stock savings bank and FDIC-insured depository institution. TheroPay, Inc. serves as program manager for applicable programs. SSB Bank retains the responsibilities and discretion allocated to the bank under the applicable program agreements. Banking services are subject to eligibility, risk review, due diligence, underwriting, program approval, and applicable agreements.Availability
Products and services are subject to eligibility, customer and use-case review, due diligence, underwriting, jurisdictional restrictions, partner approval, and applicable agreements. Availability varies by product, country, state, currency, asset, network, corridor, and program structure.Who a program can serve.
Eligibility for business and individual end customers, international entities, and third-party activity is determined by the approved program — never assumed from an account type.
Eligibility
Businesses
Business verification, beneficial-ownership review, and documentation collection under the approved program.
Eligibility
Individual end customers
Supported only where the program is expressly approved for individual underlying customers.
Eligibility
International entities
Reviewed on entity, ownership, jurisdiction, licensing, funds flow, and U.S. dollar use case.
Important boundaries.
Ledger1 is not a bank. Ledger1 does not accept deposits.
Ledger1 does not provide FDIC insurance. Deposit-insurance treatment depends on where funds are held, account ownership and titling, recordkeeping, and applicable FDIC rules.
Not every applicant receives an account. Account structures are subject to underwriting and partner approval.
Funds are not held directly with Ledger1. Custody of funds sits with the applicable financial institution.
Deposit insurance
Stablecoins and other digital assets are not deposits at an FDIC-insured bank and are not covered by FDIC deposit insurance. Deposit-insurance treatment of fiat balances depends on where funds are held, account ownership and titling, recordkeeping, and applicable FDIC rules.Frequently asked questions.
- Can an international fintech access U.S. dollar account infrastructure?
- Potentially. Approval depends on the entity, ownership, jurisdiction, business model, customers, funds flow, expected activity, documentation, and provider risk appetite. Incorporating outside the United States is not necessarily disqualifying, but it increases the importance of clear documentation and a supportable U.S. dollar use case.
- What are named and virtual accounts?
- A named account or account detail displays a business or customer name in connection with payment instructions. A virtual account is commonly a unique identifier that routes transactions into a physical or pooled account while preserving attribution to a specific customer, invoice, or subledger. A virtual account is not necessarily a separate bank account.
- What is an FBO account structure?
- An FBO account is titled or maintained by one party for the benefit of one or more other parties. In a program structure, the account may hold customer funds while the program manager maintains customer-level records. FBO titling alone does not create pass-through FDIC insurance.
- Can clients provide account details to their own underlying customers?
- Only under an account and program structure specifically approved for that purpose. A standard corporate account should not be repurposed as an underlying-customer account program.
- Does Ledger1 support ACH, Fedwire, and SWIFT?
- Approved programs may support ACH credits and debits and domestic wire payments through applicable banking relationships, and international wire or SWIFT-related workflows where available. Ledger1 is not itself a Fedwire participant; the participating financial institution provides access under the approved program. Corridors, currencies, limits, cutoffs, and settlement methods are program-specific.
- Are accounts automatically FDIC-insured?
- No. Deposit-insurance treatment depends on where funds are held, account ownership and titling, the capacity in which they are held, recordkeeping, and applicable FDIC rules. Digital assets are not FDIC-insured deposits.
Design the account structure your program needs.
Tell Ledger1 who owns the funds, who the underlying customers are, which rails are required, and how activity must reconcile.