CoinLoan users from the US and many other countries can now deposit USD via a wire transfer. The maximum deposit transfer amount is currently limited to $1 million (subject to change). We do not charge a fee for wire transfers, though some banks do. We recommend checking with your bank regarding any transfer fees.

Your wire transfer will be converted to USDC stablecoins at a 1-to-1 ratio and credited to your CoinLoan wallet. You will be able to use USDC to earn up to 12.3% annual interest on deposits, buy Bitcoin and other coins, repay a loan, or withdraw your assets in the form of ERC-20 tokens. One USDC stablecoin is equivalent to one US Dollar in value. Learn more about USDC.

Wires sent from the US generally take one-three business days to be reflected in your account. Wires sent from other countries typically take longer to process.

Here's a quick guide on how to find your routing number. For US bank accounts, please make sure you are entering a routing number for wire transfer, not for ACH (automated clearing house payment systems). You can check if you're using the correct routing number for wire here.

We support USD wire transfers from bank accounts domiciled in certain countries. If your country or state is not available in our selection list, it means that your jurisdiction is not supported by this payment method. The following conditions don't apply to GBP/EUR SWIFT transfers.

How to Deposit via Wire

To deposit via wire transfer, please go to My Wallet > USD > Deposit or follow this link. Please note that this feature is available only on the web app.

You will be asked to provide the bank account details, which you will use for sending a transfer. It's imperative that the bank account (number and routing) and sender (first and last name) information provided at the time of bank account creation exactly matches the information received on the wire transfer details (what the sender bank transmits). When there are mismatches, we are obliged to fail the payment and return the funds.

After, you will be shown detailed wiring instructions. Please, don't forget to indicate the correct bank wire transfer details when making a payment.

It is essential to include the tracking reference value on the memo or instruction field when prompted for it by your bank. Failure to indicate the tracking reference makes it impossible to reconcile the payment – such transfers will be returned to the sender.

Please select your bank account, which you will use for sending a USD wire transfer. Don’t deposit funds from a third-party bank account. The bank account must be held in your name. If you want to make a deposit from a corporate bank account, please, upgrade your account to a corporate by contacting corporate@coinloan.io.

After filling in the CoinLoan deposit form and entering the deposit amount, you see the drop-down table with the recipient information. You provide your bank with the Beneficiary Name (CIRCLE INTERNET FINANCIAL INC), Beneficiary Address, and other details that must be included exactly for your deposit to be successful.

Unsupported Bank Accounts

We currently cannot support wire payments originating from bank accounts that require For Further Credit (FFC) instructions. In an FFC payment, the money is sent to the final beneficiary via an intermediary bank which obfuscates the bank account sender information. Examples of these bank accounts are brokerage and investment accounts, accounts that leverage third-party payment processors, accounts with money transfer services, and challenger banks without their own banking license.

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