You must be approved previously in order to user the Abra Wire Program to transact.
Features Of the Abra Wire Program
Limits: Deposit/withdraw $500~$40,000k per day.
Cost: Abra charges no fee to deposit and withdraw via wire transfer (your bank may charge a fee, be sure to check with your bank for this information).
Exchange rate: Rates shown in-app update in real-time.
Approximate processing time: Depositing: 2-3 business days Withdrawing: 3-5 business days (excluding weekends and holidays).
Eligibility: Approved U.S. residents only U.S. bank account holders only
Information to deposit is listed in app here:
- Open your Abra app, to your portfolio view.
- Tap: '+Add Money' (now located at the bottom of your screen).
- Tap: 'Bank wire transfer'.
- Tap:'Bank wire transfer' listed under 'Select account'.
- Instructions will be listed on how to externally wire funds from your bank to your Abra wallet.
As wire deposits take place externally of the Abra app, you will need to log-in to your online banking platform and then set up the wire transfer using the below information.
Keep in mind, most banks are wire capable, but not Fedwire capable. Abra's new Wire Program will only utilize Fedwire.
Transfer method: Domestic wire only (not ACH bank transfer)
Recipient type: Business / corporation (not individual)
*This information will be provided to you via the Abra app after you've been approved.
Want to withdraw via our Wire Program, here's how.