First-time cash deposits
All first-time cash deposits will result in a temporary (72 hour) withdrawal hold on the account, for security purposes.
For eligible US clients, Signature Bank provides a faster way to deposit or withdraw funds. Domestic (US bank to US bank) transfers are processed via Fedwire and take 1-5 hours to process during US banking hours. Banking cutoff time is 3pm EST.
For eligible International clients, Signature Bank provides an alternative to US-only USD funding options. International transfers are processed via SWIFT and may require more time to settle.
Requirements
- Your Kraken account must be verified to the Express, Intermediate or Pro level.
- Your bank/financial institution account must be under the same legal name as your Kraken account.
- Residents of the following states and countries are not eligible to use this service:
Texas, Afghanistan, Albania, Argentina, Belarus, Belize, Benin, Bolivia, Bosnia And Herzegovina, Botswana, Brazil, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, Colombia, Comoros, Congo (Brazzaville), Congo (Democratic Republic), Croatia, Curacao, Cyprus, Dominican Republic, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Gambia, Ghana, Guatemala, Guinea, Guinea-Bissau, Haiti, Honduras, Indonesia, Iraq, Kenya, Kosovo, Kuwait, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Macao SAR (China), Macedonia, Madagascar, Maldives, Mali, Marshall Islands, Mauritania, Mexico, Mongolia, Montenegro, Mozambique, Myanmar (Burma), Namibia, Nepal, Nicaragua, Niger, Nigeria, Pakistan, Palestine, Panama, Papua New Guinea, Paraguay, Philippines, Qatar, Russia, Rwanda, Sao Tome And Principe, Saudi Arabia, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Suriname, Swaziland, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad And Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, Uzbekistan, Vanuatu, Venezuela, Vietnam, Yemen, Zambia, and Zimbabwe.
How to apply?
If your Intermediate account is eligible for Signature Bank funding, no further action is required. Please ensure you follow the funding instructions on your account for timely processing.
If you have a Pro account as an Individual or Corporate client, please submit an application for the Signature Bank funding option.
Deposit Instructions
For step-by-step instructions, see:
- How to deposit to your Kraken account
- How do I send a domestic wire transfer to Kraken from:
- Bank deposit requirements and checklist
Withdrawal Instructions
Funding options
For additional information on funding providers; fees; minimums and processing times, see our deposit options and withdrawal options for more details.