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Depositing with a debit card

How to deposit funds using a bank-issued debit card.

Written by Klutch

To deposit with a debit card on the mobile app, tap Deposit, then Debit. If the Deposit cash screen opens with Apple Pay selected, tap the payment method row, open Details and pick Debit card.

Enter the amount and tap Continue. The card provider's checkout opens, where you enter your card number, expiration date, CVV and billing address.

The deposit screen shows the minimum for your payment method before you confirm, and amounts can include cents. If you see a minimum amount error, enter an amount above the figure shown on screen.

If your card is declined

fomo accepts bank-issued debit cards. The billing address, ZIP or postcode, and CVV you enter must match exactly what your bank has on file. A mismatch is one of the most common reasons a deposit is declined.

Some banks block crypto related purchases by default. If your card is declined and your details are correct, a quick call to your bank to authorize the purchase usually clears it.

If you see a pending charge on a deposit that did not go through, that is a temporary authorization hold, not a completed charge. Your bank releases it on its own, usually within 1 to 3 business days.

Debit card deposits land in your cash balance as USDC and are usually ready to trade within a few minutes.

If a debit card deposit will not go through, you can add funds another way. If you have a Coinbase account and Coinbase is listed under Exchanges and apps on your Deposit screen, use it to deposit from your Coinbase balance.

If you already have USDC on another wallet or exchange, deposit it directly by going to Deposit, then Crypto, selecting the network your USDC is on, and sending USDC (USDG on Robinhood Chain) on that same network. The screen shows the minimum for that network.

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