---
title: Veem Wallet Funding Update
description: This article is to update you that the Veem Wallet is now able to be self-funded.
---

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# Veem Wallet Funding Update

## This article is to update you that the Veem Wallet is now able to be self-funded.

**What changed?**

Veem clients are now able to fund their Veem wallets!

 

**How much is the current fee for funding the Veem wallet?**

There is no fee for funding the Veem wallet using your bank account. However, funding the wallet with a debit card has a fee of 1.5%

 

**When will this feature be live?**

The change is live as of Thursday, January 26th, 2023.

 

**How does this feature work?**

This option can be used when the client needs to add funds to their Veem wallet to either store or [send a payment](https://help.veem.com/hc/en-us/articles/360038011513-how-to-send-payments-using-the-veem-wallet?hsLang=en) on Veem or [withdraw funds](https://help.veem.com/hc/en-us/articles/360038011233-how-to-withdraw-funds-from-the-veem-wallet?hsLang=en) to their bank account of choice. The client must add an active debit card to fund their wallets. 

**NOTE:** Veem currently supports business Visa and business and personal MasterCard debit cards for sending payments and funding the wallet.

           - The wallet needs to be activated/enabled first before utilizing this feature.

**How do I enable the Veem wallet?**

[Click here](https://help.veem.com/hc/en-us/articles/360037486234-how-to-activate-the-veem-wallet?hsLang=en) to learn how to set up/enable your Veem wallet.

**How can I fund the Veem wallet?**

[Click here](https://help.veem.com/hc/en-us/articles/4467366712339-how-to-fund-the-veem-wallet?hsLang=en) to learn how you can fund your Veem wallet.

**Is the Veem wallet accessible in every country?**

The Veem Wallet is available to all countries *that use Veem* **except Brazil.**

**Are these payments processed in real-time?**

Payments processed to debit cards and Veem wallets are real-time payments.

**Is there a maximum amount being transferred?**

Currently, there is no maximum amount or a cap on the number of payments that can be processed to the Veem wallet. 

**Can funds be stored in local currencies in the Veem wallet?**

Currently, the Veem wallet can only store funds in USD. This article explains how to see the value of your wallet's balance in another currency[.](https://help.veem.com/hc/en-us/articles/360037646454-how-to-use-the-veem-wallet-currency-converter?hsLang=en)

 

Need more help? [You can chat or call our Customer Success team here.](https://www.veem.com/contact/)

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