Frequently asked questions

Revolutionize the way you manage digital assets with Honeycoin's cutting-edge B2B platform.

How long do settlements take?

Settlement times depend on the payment rail. Local rails like ACH, RTGS, and Mobile Money usually settle within an hour, while SWIFT and cross-border wires may take 1–2 business days. On/off-ramps using HoneyCoin’s minting service can settle in minutes.

Are there transaction limits on virtual accounts?

Yes. Each rail and currency comes with its own fixed limits, set in line with local regulations and our banking partners. These caps ensure compliance and security across all markets and are set high enough to comfortably support most business use cases.

Can virtual accounts handle high-volume transactions?

Definitely. Virtual accounts are built for scale, they can process thousands of incoming and outgoing transactions daily, with automated reconciliation and reporting to ensure easy reconciliation.

What’s the KYB process for opening a virtual account?

We collect basic information about the individual or business being set up, these including identification documents, proof of address and business registration details where applicable. Once verified, your account can be activated in minutes.

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