Direct deposits allow funds such as paychecks, tax refunds, or other recurring payments to be deposited directly into your CoinZoom account. A direct deposit is an electronic transfer that moves money directly from a payer, such as an employer or government agency, into your CoinZoom wallet using the ACH network.


Direct deposits are commonly used for wages, benefits, and refunds, but can also be set up through financial institutions. There is no set limit to the amount of funds that can be received through direct deposit.

Important Notes

  • The name on the direct deposit account must match the name on your CoinZoom profile. If it does not, the deposit will be rejected.

  • The first direct deposit may take several days to process while the setup is completed. After that, deposits typically arrive on payday or the scheduled deposit date.

  • Direct deposits can be set up for all or part of a paycheck, depending on your employer’s options.

Setting Up Direct Deposit in the CoinZoom App

To create a direct deposit form for your employer or financial institution:

  1. Open the CoinZoom mobile app.

  2. Go to the Wallet tab.

  3. Select Deposit.

  4. Choose Bank Deposit (ACH).

  5. At the bottom of the screen, select the green Create Direct Deposit Form button.

  6. Follow the on-screen instructions to complete the form.

  7. Provide the completed form to your employer, payroll department, or institution to start direct deposits.

Note: This process creates a form to provide to your employer; it does not initiate a direct deposit