# Algorand and Bank transactions?

**URL:** <https://forum.algorand.co/t/algorand-and-bank-transactions/2211>\
**Category:** General\
**Tags:** docs, community\
**Created:** [November 17, 2020, 1:49pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211 "2020-11-17T13:49:42Z")\
**Posts on this page:** 8\
**Page:** 1

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**Author:** ![zeeshanmazhar](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/zeeshanmazhar/32/669_2.png) [@zeeshanmazhar](https://forum.algorand.co/u/zeeshanmazhar)\
**Post date:** [November 17, 2020, 1:49pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/1 "2020-11-17T13:49:42Z")

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Hello,

I have a use case, where a user will join our system and add some amount in his wallet using debit/credit card, my client wants me to use Algorand for the blockchain, Is there any way i can resources where we can use algorand and do the bank transactions as well.

I can also use Circle, as circle is using algorand.

Thanks,  
Zeeshan

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**Author:** ![Tyler](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/tyler/32/27_2.png) [@Tyler](https://forum.algorand.co/u/Tyler)\
**Post date:** [November 17, 2020, 6:23pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/2 "2020-11-17T18:23:06Z")

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Hi Zeeshan,

Can you explain the steps a bit more? It is a little unclear what transactions the user is taking after she deposits money via debit/credit card.

1. User deposits money via debit/credit card.
2. User issued USDC on Algorand
3. ?
4. ?

Thanks!

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**Author:** ![keka](https://avatars.discourse-cdn.com/v4/letter/k/71c47a/32.png) [@keka](https://forum.algorand.co/u/keka)\
**Post date:** [November 19, 2020, 2:40pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/3 "2020-11-19T14:40:47Z")

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I am interested in knowing the exact tx cost for Alogrand powered USDC? Would appreciate if there is a reference to live data.  
I am trying to use Algo powered USDC for a fintech app.

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**Author:** ![Tyler](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.algorand.co/tyler/32/27_2.png) [@Tyler](https://forum.algorand.co/u/Tyler)\
**Post date:** [November 19, 2020, 3:52pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/4 "2020-11-19T15:52:17Z")

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Hi Keka,

USDC is an [Algorand Standard Asset (ASA)](https://developer.algorand.org/docs/features/asa/) so transaction fees are the same as if you are transacting an Algo meaning they have the same minimum fee of .001 Algo. For example, [here is a transaction just a little bit ago for](https://algoexplorer.io/tx/A4ZAHN3SGUXLUH4WPJUQUJMYWJG2RACQWOHQZZWGFXBEREMP33BA) $706,550.13 USDC which cost only .001 Algo.

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**Author:** ![keka](https://avatars.discourse-cdn.com/v4/letter/k/71c47a/32.png) [@keka](https://forum.algorand.co/u/keka)\
**Post date:** [November 20, 2020, 11:03am UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/5 "2020-11-20T11:03:27Z")

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Thanks for the info.

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**Author:** ![aojjazz](https://avatars.discourse-cdn.com/v4/letter/a/91b2a8/32.png) [@aojjazz](https://forum.algorand.co/u/aojjazz)\
**Post date:** [November 21, 2020, 6:41pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/6 "2020-11-21T18:41:02Z")

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Which is only about $.0003. 😀  
It’ll be nice once USDC rolls out on some exchanges. I believe it’s only available through Circle’s business APIs at the moment.

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**Author:** ![aojjazz](https://avatars.discourse-cdn.com/v4/letter/a/91b2a8/32.png) [@aojjazz](https://forum.algorand.co/u/aojjazz)\
**Post date:** [November 21, 2020, 6:42pm UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/7 "2020-11-21T18:42:13Z")

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You can track USDC activity here:

> **[Algorand  Asset ](https://algoexplorer.io/asset/31566704)**

  
and another slightly different view:  

> **[GoalSeeker by PureStake | Algorand Block Explorer](https://goalseeker.purestake.io/algorand/mainnet/asset/31566704)**

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**Author:** ![keka](https://avatars.discourse-cdn.com/v4/letter/k/71c47a/32.png) [@keka](https://forum.algorand.co/u/keka)\
**Post date:** [November 23, 2020, 7:42am UTC](https://forum.algorand.co/t/algorand-and-bank-transactions/2211/8 "2020-11-23T07:42:19Z")

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Thank you for the resource.