Last week we published our latest app update to the Apple App Store and Google Play Store. This update includes many new features, improvements, and bug fixes, including:
- Added new US banks and credit unions
- Improved bank deposit speed
- Revamped US bank deposit status updates
- Updated Bitcoin price feed
Added new US banks and credit unions
When we first launched US bank support, we supported 17 of the top banks in the country. Our latest update adds support for 46 new US banks and credit unions, bringing the total number of supported US banks and credit unions to 63. Here is the complete list of banks supported as of the time of this writing:
|Ally||Citizens Bank||LBS Financial CU||Schools Financial CU|
|Altra FCU||Commerce Bank||Members 1st FCU||Silicon Valley Bank|
|Arvest Bank||Credit Union 1 (AK)||Michigan First CU||Simple|
|BB&T Bank||Credit Union One (MI)||NC State Employees FCU||South State Bank|
|BCU Baxter CU||Desert Schools FCU||Navy Army Community CU||SunTrust|
|BECU||Empower FCU||Navy FCU||TD Bank|
|Bangor Savings Bank||Fairmont FCU||Nevada State Bank||TD Bank BusinessDirect|
|Bank of America||Fidelity||Northwest Savings Bank PA||US Bank|
|Bank of the West||First Hawaiian Bank||One Nevada CU||USAA|
|BankFund Staff FCU||First Tech FCU||PNC||Union Bank|
|Capital One||First Tennessee||Police and Fire FCU||University of Michigan CU|
|Capital One 360||Georgia’s Own CU||Randolph Brooks FCU||University of Kentucky FCU|
|Central Bank Illinois||GoBank||Redwood CU||Vantage CU|
|Charles Schwab||Golden 1 CU||Regions||Webster Bank|
|Chase||IBERIABANK||Robins FCU||Wells Fargo|
|Citibank||Kemba Financial CU||San Francisco Fire CU|
Check the “Add bank” screen in the Abra app for the most up-to-date list.
Improved bank deposit speed
One of our goals is to make adding money to the Abra wallet easier and faster. To this end, we will be running tests to shorten the amount of time it takes to add money via bank deposit from 2-3 business days to 1-2 business days. In some cases we may require additional verification to protect the security of our customers’ accounts, which could add more time. However, in the best case scenario an Abra customer can now initiate a deposit in the morning before 12:00pm PT and see the money land in their wallet by the end of the business day. Try it out and let us know how it works for you!
Revamped bank deposit status updates
The Abra wallet will now provide more granular updates to let users know what’s happening during each step of the bank deposit process between the time a deposit is initiated and the time it succeeds or fails. Now users can rest easy knowing that their request has been received and is being processed according to standard procedures.
You can see an example of these new updates in the screenshots below:
Update bitcoin price feed from Coinbase to XBX
We were previously using Coinbase to get the price we used for bitcoin conversions. As of this most recent app update, our rates are now based off of TradeBlock’s XBX Index. This will result in a conversion rate that more closely tracks the global average across institutional bitcoin exchanges.
Keep the feedback coming!
All of these improvements are the result of feedback sent to us by our users. A big thank you to everyone who has contributed feedback so far!
Got a question or comment about these updates? Let us know in the comment section below or send us a message using the “Contact us” button in the main menu of the Abra app.