Abra is making important changes to our wire program.
The best news? The new wire program will have no limits!*
The new Abra wire program will go live on December 20, 2018. Existing wire users will receive an email detailing what actions may be required to transition to the new program.
If you haven’t yet signed up for the Abra wire program and you would like to, more information can be found here. Setting up wire transfers requires working with your bank and providing the relevant documentation to complete the wire application process, but it only needs to be done once, and then the wire service is available as needed.
Top five reasons for using the Abra wire program
- No limits: You will be able to transfer large amounts in a single transaction*
- Speed: Once authorized and set up, wire transfers will take place in 1 business day*
- Cost: Abra does not charge fees for sending or receiving wire transfers. Please check with your bank about wire fees they may charge
- Security: Bank wires are a safe way to send money and allow users to confirm and verify transaction details.
- Set and forget: Wire transfers can be used daily to deposit/withdraw money between your bank account and your Abra wallet.
If you have any questions about the new Abra wire program or how these changes might affect your wire activity please email [email protected].
* Please note that certain transactions may require additional documentation for processing, and may be delayed for further analysis
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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