Sendana provides virtual US bank accounts where incoming deposits are automatically converted to USDC and held in your USDC wallet. These accounts are not traditional USD bank accounts, which impacts their compatibility with certain external verification processes. Charles Schwab specifically and similar institutions, may require both deposits and withdrawals for account verification. Sendana supports incoming deposits but does not allow withdrawals initiated by external institutions as part of their verification process.
If an institution like Charles Schwab mandates making a withdrawal from their end for verification, the process cannot be completed. Many platforms accept deposit-only verification, but users should confirm the specific requirements of their financial institution before attempting to link accounts.