# Parsek — A real US dollar account for non-US residents.

Parsek gives non-US residents a real US dollar account with routing and account numbers, no US address or SSN required. Earn 3.7% APY and send on local rails across Europe and Latin America.

Website: https://parsek.io

Last updated: 2026-05-18 (regenerated at build time)

## What Parsek is

Parsek is a financial app that gives non-US residents a real US dollar account with routing and account numbers, plus local payment rails across Europe and Latin America. Parsek is non-custodial. Dollars are held as USDC, a digital dollar issued by Circle, fully backed 1:1 by cash and short-term US Treasuries with monthly public attestations. Keys are secured by Privy.

## Who can use Parsek

- Eligible residents: Non-US residents (and residents of most countries worldwide)
- Signup time: ~2 minutes
- Restrictions: Some jurisdictions are unsupported for regulatory reasons.

Requirements:
- Government-issued ID
- Proof of address (varies by country)
- No US address required
- No US Social Security Number (SSN) required

## Pricing and fees

- $0 on ACH transfers (send and receive)
- $0 on US domestic wire transfers (send and receive)
- $2 for same-day ACH
- Transparent FX at mid-market rates with no hidden spreads
- No monthly fee, no minimum balance, no inactivity fee
- No plans. International rail fees shown before each send.

## APY / yield

- Current APY: 3.7%

- Paid on USD balances. Rate may change.

## Custody and infrastructure

- Custody model: Non-custodial — Parsek never takes custody of funds.
- Stablecoin: USDC (issued by Circle).
- Backing: 1:1 by cash and short-term US Treasuries, with monthly public attestations.
- Key management: Secured by Privy.

## US banking details

- US banking partner: Lead Bank
- Routing number — virtual accounts: 101019644
- Routing number — memo-based payments: 101206101
- Both routing numbers can be verified on frbservices.org.
- SWIFT: not currently supported for virtual accounts (ACH and US domestic wires only).

## Supported rails

- USD via ACH and domestic wire (Lead Bank)
- EUR via SEPA
- GBP via Faster Payments (BACS over £1M)
- MXN via SPEI
- BRL via PIX
- COP via Bre-b and bank transfer (Beta)
- Crypto withdrawals in USDC, USDT, and other supported stablecoins

## Rail details

### USD — ACH & Wire

Virtual accounts are fully permitted to receive the following transactions for non-US residents.

1. First-party payments where you are sending USD from your bank, fintech app, or brokerage account
2. Third-party payment where a registered business sends USD from its bank account
3. Third-party payment from a family member's bank account, where you share a surname
4. Third-party Person-to-Person payment for an amount less than $4,000

The following types of transactions are fully permitted to be received by virtual accounts for US residents.

1. First-party payments where you are sending USD from your bank, fintech app, or brokerage account
2. Payroll payments from businesses
3. Third party payments in most states except for New York, Pennsylvania, and Texas

### EUR — SEPA

**Onramps**

Supported: Aland Islands, Albania, Andorra, Austria, Azores, Belgium, Bulgaria, Canary Islands, Ceuta, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Madeira, Malta, Martinique, Mayotte, Melilla, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Poland, Portugal, Reunion, Romania, Saint Barthélemy, Saint Martin (French part), Saint Pierre and Miquelon, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City.

| | |
|---|---|
| 1st Party Deposits | Unlimited |
| 3rd Party — Individuals | Contact support@parsek.io |
| 3rd Party — Businesses | Unlimited |
| Minimum | 1 EUR |
| Maximum | Unlimited (over 1,000,000 EUR uses SEPA Credit — 1 business day) |

**Offramps**

Supported: Same countries and territories as onramps.

| | |
|---|---|
| 1st Party Withdrawals | Unlimited |
| 3rd Party — Individuals | Unlimited |
| 3rd Party — Businesses | Unlimited |
| Minimum | 1 EUR |
| Maximum | Unlimited (over 1,000,000 EUR uses SEPA Credit — 1 business day) |

### MXN — SPEI

**Onramps**

Supported: CLABEs issued in Mexico.

| | |
|---|---|
| 1st Party Deposits | 1,000,000 MXN |
| 3rd Party — Individuals | 15,000 MXN |
| 3rd Party — Businesses | Unlimited |
| Minimum | 50 MXN |
| Maximum | None |

**Offramps**

Supported: CLABEs issued in Mexico.

| | |
|---|---|
| 1st Party Withdrawals | Unlimited |
| 3rd Party — Individuals | Unlimited |
| 3rd Party — Businesses | Unlimited |
| Minimum | 50 MXN |
| Maximum | None |

> Our SPEI banking provider periodically performs maintenance on Thursdays at 6:00 AM UTC for up to 2 hours. During this period transactions may be paused.

### BRL — PIX

**Onramps**

Supported: PIX keys issued in Brazil.

| | |
|---|---|
| 1st Party Deposits | Unlimited |
| 3rd Party — Individuals | Contact support@parsek.io |
| 3rd Party — Businesses | Contact support@parsek.io |
| Minimum | 10 BRL |
| Maximum | None |

**Offramps**

Supported: PIX keys issued in Brazil.

| | |
|---|---|
| 1st Party Withdrawals | Unlimited |
| 3rd Party — Individuals | Unlimited |
| 3rd Party — Businesses | Unlimited |
| Minimum | 10 BRL |
| Maximum | None |

### GBP — Faster Payments

**Onramps**

Supported: Bank accounts issued in the United Kingdom.

| | |
|---|---|
| 1st Party Deposits | Unlimited |
| 3rd Party — Individuals | Contact support@parsek.io |
| 3rd Party — Businesses | Unlimited |
| Minimum | 3 GBP |
| Maximum | Unlimited (over £1,000,000 uses BACS — 3 business days) |

**Offramps**

Supported: Bank accounts issued in the United Kingdom.

| | |
|---|---|
| 1st Party Withdrawals | Unlimited |
| 3rd Party — Individuals | Unlimited |
| 3rd Party — Businesses | Unlimited |
| Minimum | 3 GBP |
| Maximum | Unlimited (over £1,000,000 uses BACS — 3 business days) |

### COP — Bre-b & Bank Transfer (Beta)

**Onramps**

Supported: Bank accounts issued in Colombia.

| | |
|---|---|
| 1st Party Deposits | Unlimited |
| 3rd Party — Individuals | Contact support@parsek.io |
| 3rd Party — Businesses | Unlimited |
| Minimum | 100 COP |
| Bre-b Maximum | 11,552,000 COP |
| Bank Transfer Maximum | Unlimited |

**Offramps**

Supported: Bank accounts issued in Colombia.

| | |
|---|---|
| 1st Party Withdrawals | Unlimited |
| 3rd Party — Individuals | Unlimited |
| 3rd Party — Businesses | Unlimited |
| Minimum | 100 COP |
| Bre-b Maximum | 11,552,000 COP (larger sent as Bank Transfer) |
| Bank Transfer Maximum | Unlimited |

## Platforms

- iOS app (App Store ID 6756678538)
- Web at parsek.io

## FAQs

### Common Payment Questions

**Q: I have a question about a payment. How can I contact support?**

Reach out to Parsek at support@parsek.io or message us on X at @parsekapp. Please avoid contacting our banking partners directly, as they are not best suited to help you.

**Q: My funds are missing or have not landed in my account.**

Contact us at support@parsek.io and we will investigate. If you have sent funds from your bank account, request a Trace ID for an ACH payment or an IMAD for a wire from your bank. Providing this information will help us track down the transaction faster.

**Q: When will the funds land in the account?**

Next-day ACH transactions can take 1–3 days to arrive in your account. Same-day ACH transactions sent before 4 PM EST will arrive at their destination on the same day. Wires can take a few hours to process, but they will be processed the same day as long as they are received before 5 PM EST.

**Q: What is the minimum amount that I can send or receive?**

Minimum transaction amounts vary by payment type. You will see the applicable minimum when initiating a deposit or withdrawal in the app.

**Q: Where do I input the memo when making a payment?**

Memos can be entered in the Memo or reference field when creating the ACH or Wire. For JP Morgan Chase and Mercury, the correct field is called "Message to Recipient." We recommend reaching out to your bank if you are not sure where the memo should go.

**Q: My bank doesn't recognize the routing number for the payment. What should I do?**

The correct routing numbers for Lead Bank are:

| | |
|---|---|
| Virtual accounts | 101019644 |
| Memo-based payments | 101206101 |

Both can be verified on frbservices.org or via the ABA's online routing number lookup tool.

If your bank still doesn't recognize them, contact your bank's support and let them know these routing numbers are listed on the above websites and should be recognized for ACH and wire payments.

### Virtual Account FAQs

**Q: Does Parsek provide SWIFT codes or account numbers to its customers?**

Virtual accounts with Parsek do not currently support SWIFT payments, only ACH and US domestic wires.

**Q: My bank did a microdeposit to my virtual account. How do I get the amounts for the microdeposits?**

Notifications for microdeposits made to virtual accounts are sent via email, SMS, or push notification. It can take up to 1 day for the microdeposits to arrive.

**Q: I am being asked for a 3-letter code by Plaid that was sent to my virtual account. Where can I find this code?**

The 3-letter code is included as part of the descriptor of the microdeposit.

**Q: What types of transactions can I receive in my virtual account?**

Virtual accounts are fully permitted to receive the following transactions for non-US residents.

1. First-party payments where you are sending USD from your bank, fintech app, or brokerage account
2. Third-party payment where a registered business sends USD from its bank account
3. Third-party payment from a family member's bank account, where you share a surname
4. Third-party Person-to-Person payment for an amount less than $4,000

The following types of transactions are fully permitted to be received by virtual accounts for US residents.

1. First-party payments where you are sending USD from your bank, fintech app, or brokerage account
2. Payroll payments from businesses
3. Third party payments in most states except for a few, please refer to /rails

## Contact

- Support email: support@parsek.io
- X / Twitter: @parsekapp
- Website: https://parsek.io

## Source pages

- Home: https://parsek.io/
- Rails: https://parsek.io/rails
- FAQ: https://parsek.io/faq
- Contact: https://parsek.io/contact
- Terms: https://parsek.io/terms
- Privacy: https://parsek.io/privacy