Wires

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Fees

We don’t charge any fees to receive deposits via wire, but please keep in mind that third party fees may apply.

 

Additional wire transfer and wire transfer reversal fees charged by any originating, intermediary, or recipient bank may apply. Both incoming and outgoing wire transfer reversals are subject to wire transfer reversal fees.  Federal, state or local taxes charged by the customer's country of origin may apply. 

Processing and service fees assessed by third parties may be passed through to the customer's account. Some products and services may require additional fees or transaction minimums not specifically listed here. 

 

Deposit information

  • Recipient name: DriveWealth, LLC
  • Recipient Address: 97 Main Street, Second Floor, Chatham, NJ 07928, USA
  • Bank Name: M&T Bank
  • Bank Address: One M&T Plaza, Buffalo, NY 14203, USA
  • Bank account number: 9870304186
  • Bank Routing number: 022000046
  • Account type: Checking
  • SWIFT Code: MANTUS33
  • Memo: Your account number

 

Please make sure to include your account number in the additional information section of your wire request. Just copy the text in the “Memo” row found on your deposit screen in the app and paste. This is necessary for us to match your transfer to your Passfolio account and will help ensure there are no delays in the transaction.

 

Limits and minimums

You can start investing with as little as US$1!* There are no limits to the amount you can deposit in your account.

 

*Please see our Fractional Shares Disclosure

 

Time to reach your account

The estimated time for the money to reach your account is up to 1 business day

 

Holding period

There is no holding period for funds deposited by Wire.

 

Problems with your deposit

There may be problems with your deposit if you provide erroneous information when transferring, such as:

  1. Wrong Type of Account 
  2. Wrong Branch ID
  3. Wrong Bank Account 
  4. Wrong required identification number

Also, deposits must be made from an individual account registered to your name and national ID number. If your deposit is not made from an individual bank account in your name, your money will be transferred back to your bank account with potential bank fees charged. For example, a deposit made from a joint bank account in the names of you and your partner will be returned.

To prevent problems, we recommend you confirm that you’ve entered the correct information before completing the transfer. You can also always reach us at support@passfolioapp.com if you have any questions after submitting your transfer.

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