In order to withdraw funds from Abra is even easier with our new Abra Wire Program.
You must be approved previously in order to user the Abra Wire Program to transact.
Features Of the Abra Wire Program
Features Of the Abra Wire Program-Old Method-Synapse/Evolve
Limits: Deposit/withdraw $500~$40,000k per day.
Features Of the NEW Abra Wire Program-New Method-Prime Trust
Limits: No limit, but $5,000.00 minimum is required.
(If you are using Synapse to deposit but would like higher limits, please apply to Prime Trust).
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: 1-2 business days Withdrawing: 2-3 business days (excluding weekends and holidays).
Eligibility: Approved U.S. residents only U.S. bank account holders only
Information to withdraw is listed in app here:
- Open your Abra app, to your portfolio view.
- Tap: 'Withdraw (now located at the bottom of your screen).
- Tap: 'Wire transfer'.
- Choose: which asset wallet you'd like to withdraw from (only fiat and natively supported assets will apply).
- Enter: the name listed on your account, Wire routing number, Account number, and confirm it once more.
Keep in mind, most banks are wire capable, but not Fedwire capable. Abra's new Wire Program will only utilize Fedwire.
Some banks may need the correspondent bank if this is the case please select that option and if not do not select that option.
You should receive the equivalent funds in your bank account after 2-3 business days