Finance & AccountingPaid
Elevate (formerly Bloom)
US based USD accounts for non-US residents
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About Elevate (formerly Bloom)
We provide US based USD deposit accounts that sit with a licensed banking partner. Elevate's FDIC-insured USD accounts offer ACH, wire inbound and outbound payments, and a free Mastercard debit card. Our regional payout partners enable our users to send their money back home at very low cost. We're targetting non-US residents in emerging markets who struggle to get paid in USD.
What Elevate (formerly Bloom) does
Elevate gives non-US residents a US-based USD account. It is for remote workers, freelancers, and founders who get paid by platforms like Upwork, Deel, and Fiverr. You sign up in the app, verify your identity, and get a USD account instantly. Receiving income costs no fees. The service is a fintech company, with banking services from FDIC-insured Merchants Commercial Bank. Pricing details are not listed on the site.
Key features
- No fees for receiving income
- Instant USD account after approval
- Works with Upwork, Deel, Fiverr
- AES 256-bit encryption and 2FA
- FDIC insurance up to $250K
- Connect to 12k+ financial institutions
