ACH In Checkout
Wyre Partners have the option of adding ACH as a purchase option in Wyre Checkout. If interested, please contact [email protected] to enable this feature.
There are two steps that must be completed in order for ACH Transfers to be initiated. The user will need to go through Wyre's hosted KYC flow and connect a bank account through Plaid.
Hosted KYC
In order to make purchases via ACH, users will need to go through Wyre's KYC onboarding.
KYC requirements include:
- An image upload (front & back) of an ID card or driver's license
- Personal details including Name, Address, Date of Birth, Email, Phone Number, and Social Security Number
- A selfie
KYC approval typically takes 3-4 minutes but can take up to 10 minutes in a few cases. Once the user has been verified they can link their bank account through Plaid.
Linking Bank Account
To link a bank account through Plaid, select a bank, enter login credentials to the bank, and enter a verification code sent to your phone number via sms or sent via email.
Transfer Details
Transfers will take up to 3-5 business days with a limit of $25,000 per week. Transfers to non-stable coins will be honored at the exchange rate at the time of initiation.
Updated almost 3 years ago