FTS allows UAE residents to fund their vault in AED directly from UAE banks.
Fast. Simple. Local rails.
Who can use FTS
• UAE residents
• UAE based banks only
• Currency sent must be AED
Processing time
• Around 5 minutes after your bank sends the transfer. Please allow 1 business day for the funds to settle.
Deposit AED → USDC in 3 simple steps
Step 1 – Get your virtual bank details
Go to: https://www.ether.fi/app/cash/bank and select currency AED
(Path: Vault → Add Funds → Bank → FTS)
Accept the terms and conditions to generate your personal virtual account.
Please note: You may be asked to provide additional verification documents before your virtual account is activated. This is part of regulatory requirements.
Step 2 – Obtain your bank transfer details
After your virtual bank account is approved and created, you will be provided with your unique bank account details. You will be able to enter these details into your bank’s wire form to make new deposits.
Your virtual bank details are unique to your account. Do not share them.
Step 3 – Send your first bank transfer
Log into your preferred UAE bank and initiate an FTS AED transfer using the provided details.
Save your confirmation or reference number.
Fees
FTS transfers include:
• 0.25 percent FX fee for currency conversion
Example:
If you send 1,000 AED:
2.50 AED FX fee
You receive approximately 270 USDC depending on exchange rate at time of conversion.
Your bank may charge its own transfer fee.
Third party transfers
If someone else sends AED from a different bank account:
• Under 500 USD equivalent → processed automatically
• 500 USD equivalent and above → first transfer triggers a Request for Information email
You may need to confirm source of funds.
Future transfers from the same sender typically go through smoothly after the first review.
Frequently asked questions
How long does it take for deposits to show in my account?
How long does it take for deposits to show in my account?
Deposits take around 5 minutes to arrive to your Vault as USDC after your UAE bank sends the transfer.
Why did I receive slightly less?
Why did I receive slightly less?
Differences may be due to:
0.25 percent FX fee
Possible sender's bank transfer fee
Real time exchange rate fluctuations
Can I cancel a bank transfer after sent from my bank?
Can I cancel a bank transfer after sent from my bank?
No. Once sent, it cannot be recalled.
If it fails, funds return to your bank within 3 to 5 business days.
Can I withdraw funds back to my bank via FTS?
Can I withdraw funds back to my bank via FTS?
No. At the moment, FTS is available for deposits only. Bank withdrawals are not supported.
Can I choose a different token instead of USDC
Can I choose a different token instead of USDC
No. Bank deposits are automatically converted to USDC. You can always swap your USDC inside the app to a supported token after the funds arrive.
Why was my deposit refunded
Why was my deposit refunded
Your deposit may be returned to your bank for one of the following reasons:
• The transfer details were entered incorrectly
• The sending bank is not supported
• The name on the bank account does not match your account
• Additional verification was required but not completed
• Compliance or regulatory restrictions
If a transfer is rejected, funds are typically returned to your bank within 3 to 5 business days.
Need help with anything else?
If you still have questions or run into any issues, reach out to our support team and we’ll be happy to assist you.