Coinbase added a new Direct Deposit feature to its User Agreement on March 10, 2026. The updated terms permit eligible users to deposit paychecks and government benefits directly into their Coinbase Account using virtual account and routing numbers provided by Coinbase. The terms clarify that these virtual numbers do not represent a bank account in the user's name and that the recipient name on deposits must match the name on the Coinbase Account.
The updated terms introduce a new Direct Deposit feature that allows eligible users who have completed identity verification to receive paychecks and eligible government benefits directly into their Coinbase Account. Users can enroll by providing employers or payroll providers with virtual account and routing numbers generated by Coinbase. The terms clarify that these virtual numbers are provided solely to facilitate electronic receipt of payments and do not represent an actual bank account in the user's name. The recipient name on deposits must match the name on the Coinbase Account.
→ Review eligibility requirements for Direct Deposit, including identity verification completion
→ Obtain virtual account and routing numbers from Coinbase and provide them to your employer or benefit administrator
→ Verify that the recipient name on your Coinbase Account matches the name your employer or benefit administrator has on file
New feature permits eligible users to receive paychecks and government benefits via virtual account and routing numbers provided by Coinbase
Terms clarify that virtual account and routing numbers do not represent a bank account in the user's name
Recipient name on deposits must match the name on the Coinbase Account
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
Coinbase has introduced explicit terms governing a Direct Deposit feature, establishing procedural and disclosure requirements around virtual account and routing number use for payroll and government benefit deposits. This addition clarifies operational scope and limits …
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Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-001119.
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