The Abra Wire Program provides users the opportunity to deposit and withdraw with higher limits than what is currently available with ACH.
We are working on expanding our wire program but for the time being, it is only open to US users.
If you have never used the wire program before, we highly suggest applying to Prime Trust.
This one verification process will allow you to use the domestic wire program and hold funds in an interest account if you choose. One verification process, two great products. At this time, it is only available to US users.
If the app prompts you to reapply (even if you were previously accepted into the Abra Wire), you will need to go through the process in order to use the Wire Program to transact.
If you are using the old wire program (Synapse - Evolve bank), limits are $500-$40k per day with no Abra fee. However, if you apply to Prime Trust there are there are no limits, but $5,000.00 minimum is required to withdraw back to your bank. Please note, you will have to check with your bank to see if they charge any additional fees.
Your deposit can take 1-2 business days (excluding weekends and holidays) to reflect in your Abra wallet and a withdraw will take 3-5 business days (excluding weekends and holidays) to reflect in your bank account.
Please keep in mind, depositing via wires will still take place external to the Abra app via your bank (online banking portal or in person). Additionally, withdrawing funds via wires will still be done by withdrawing funds from within the Abra app.