Abra now supports adding money with over 60 US banks and credit unions

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:

Abra bitcoin wallet add money bank deposit transfer transaction details

 

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.

8 thoughts on “Abra now supports adding money with over 60 US banks and credit unions

    1. Hi Steve, thanks for your interest! Bank support in dependent on the banks our integration partner supports. It’s possible that they have not added Etrade or Interactive Brokers yet.

    1. Hi Margaret, thanks for your interest! We do not have an integration with Partnership Financial CU yet. Note that you can always check the “Add bank” screen in the Abra app to see the most up-to-date list of banks we support.

  1. Hi John,

    Can you add Umpqua Bank to your list of banks you have an integration with for your next update?

  2. I have tried to link Fidelity which has ACH transfers but ABRA is not accepting the transfers. Is this because my identity has not been verified yet? And when it is can more than a few hundred dollars be transferred a day or week? What are the limits?
    Jim

    1. Hi Jim, the limit for bank transfers in the US is $250 daily and $500 weekly. You can find info about our current limits on our FAQ: https://abra.zendesk.com/hc/en-us/articles/115002918627-What-are-Abra-s-transaction-limits-new-

      Regarding the trouble you’re having connecting your bank account, please create a customer support ticket by pressing the “Contact Us” button in the main menu of the app. Our CS team will be able to help you troubleshoot the issue.

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