Wires are payments sent directly from one bank to another via an electronic network in real-time. This is Plastiq's fastest and most direct means of delivering funds to a business or vendor.
|
Domestic (U.S.)
|
International
|
|
|---|---|---|
| Delivery Timeframe? |
Next business day Same Day (if submitted before 10 AM PST) |
Next business day |
| Fee? |
2.85% + $40 |
2.85% + $60* |
|
Issued by? |
Silicon Valley Bank | Silicon Valley Bank |
| Tracking? | Yes, we will have a FedWire confirmation number available after your funds are disbursed. Please contact our team for tracking information if your payment isn't credited within 1 business day of delivery. |
Yes, we will have a SWIFT confirmation number available after your funds are disbursed. Please contact our team for tracking information if your payment isn't credited within 1 business day of delivery. |
*There is an additional foreign exchange assessed on international payments that have been converted to another currency. This exchange is calculated using the currency exchange rates at the time of submission.
Domestic Payments
- An available delivery method for verified accounts.
- The recipient must be located within the United States.
- Can be delivered on the same business day if submitted before 10 AM PST.
Required Information
To send a domestic wire, we'll need...- Beneficiary Name (Recipient)
- Beneficiary Address
- Wire Routing Number
- Bank Account Number
International Payments
- An available delivery method for verified accounts.
- There is no cross-border fee for payments submitted using a U.S. based card.
- International wires have a delivery timeframe of 1 business day with a crediting timeframe of 2-5 business days.
- These payments cannot be made with an American Express card.
- Funds can be sent in USD or converted to another currency.
Required Information
- The Beneficiary Name (Recipient)
- The Beneficiary Address
- A SWIFT Code
- A Bank Account Number
NOTE- To successfully process and deliver your international payment, please avoid using abbreviations or acronyms to identify business entities when providing your payment's delivery details. Additionally, if you identify an individual or business in the payment memo field, use the full name.