Coinbase added a new Direct Deposit feature to its User Agreement, effective March 9, 2026. The feature allows eligible users to deposit paychecks and government benefits directly into their Coinbase Account using virtual account and routing numbers provided by Coinbase. Users can elect to convert some or all direct deposit funds into digital assets, subject to transfer limits set at Coinbase's sole discretion, with no setup or maintenance fees and waived trading fees on conversions, though spreads may apply.
Consumers: To use Direct Deposit, you must share Coinbase-provided account details with your employer or benefits payer.
Consumers: Coinbase can limit how much or how often you can deposit via Direct Deposit, and can change those limits or reject deposits without advance notice.
Consumers: By using Direct Deposit, you authorize Coinbase and its payment processors to receive and process your paycheck deposits through the ACH network.
Consumers: If a direct deposit is reversed or returned, Coinbase will debit your account to recover the amount, potentially using your next paycheck or other credits to do so.
Consumers: Coinbase states that any digital assets you hold are not protected by FDIC insurance and their value can go up or down.
The updated terms introduce a new Direct Deposit feature that allows eligible users to receive paychecks and government benefits directly into their Coinbase Account and optionally convert those funds into digital assets through recurring automatic purchases. The terms state that Coinbase will not charge setup or maintenance fees and will waive trading fees on Direct Deposit conversions, though spreads may apply. However, the terms also establish that digital assets are not FDIC-insured, can appreciate or depreciate relative to USD, and that Coinbase reserves the right to set, modify, or reject transfer limits at its sole discretion. You can enroll by providing your employer or government payer with the virtual account and routing numbers Coinbase provides, and you can change your asset allocation at any time through the Coinbase app.
→ Review the Help Center for Direct Deposit eligibility requirements, initial transfer limits, and enrollment procedures before providing your employer or government payer with Coinbase account details.
→ If enrolling, configure your asset allocation preferences in the Coinbase app and understand that conversions occur at Coinbase's conversion price and may be subject to spreads.
→ Monitor your transaction history in the Coinbase app to verify direct deposits have been received and to track any reversals or returns.
Users can enroll by providing Coinbase-issued virtual account and routing numbers to employers or government payers; these numbers do not represent a bank account in the user's name.
Users may elect to convert some or all direct deposit funds into digital assets through recurring purchases at Coinbase's conversion price; conversions are subject to spreads and Coinbase's transfer limit discretion.
Coinbase reserves the right to set, modify, or reject direct deposit transfers at its sole discretion; initial limits are disclosed in the Help Center.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
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