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How do I send a domestic wire transfer to Kraken from Bank of America?
Prevent deposit delays
If required and shown in the deposit instructions, make sure your deposit includes a reference to your Kraken Public account ID which starts with AA and is 16 characters long.
Bank of America makes it easy to wire money to your Kraken account from inside your online banking or in-person at a local Bank of America location. Below are the instructions detailing how to wire money with our MVB funding method.
MVB funding method availability
Please note that the MVB funding method is only available for US residents (except Texas) and the Kraken account must be verified to Intermediate or Pro level.
  1. 1
    Locate our wire instructions inside your Kraken account.
    • Sign in to Kraken.com.
    • Select Funding at the top of the screen and click the Deposit button. 
    Funding_FundingpageUSD_08312021.png
    • Search for USD (US Dollar) and click on it.
    Funding_SelectUSD_09012021.gif
    • On the next screen, select MVB Bank (Wire) and the deposit instructions will appear.
    Funding_MVBDepositMethod_02092021.png
    • Review the important notes and instructions.
  2. 2
    Sign in to Bank of America’s online banking.
    • Sign into your Bank of America online banking. 
    • Select the Transfer I Zelle tab until you see a menu pop up.
    • Select Transfer and then To/from other banks (includes wires).
    Funding_NewBOATransferMenu_031522.jpg
  3. 3
    Add Kraken as a Recipient.
    • Choose the Add Account/Recipient tab.
    • Select Domestic (U.S.) then A business account, mine or someone else’s, at another bank.
    • Using the information from your Kraken account’s deposit page (as seen in step 1), fill out the web form.
    • Select Send SafePass code and enter the code that is sent to you.
    • Click Add Account.
    Funding_BOAAddAccount_12112020.jpg
  4. 4
    To create the transfer.
    • Go to the Make Transfer tab. 
    • Select the account that you want to send from.
    • In the dropdown menu for To, select the new recipient that you just created.
    • Under Delivery Speed, choose Same business day Wire TransferDo not select the ACH options. The transfer will not go through, as we do not accept ACH at this time.
    • Choose the Amount and Frequency
    • Lastly, under Description enter your unique reference.
    • Select Send SafePass code and enter the code.
    Funding_BOAUniqueReference_240522.jpeg
  5. 5
    Finalize and send the transfer.
    • Review the information and if everything is correct, click Make Transfer.
    Funding_BOATransferConfirm_240522.jpeg
At this time, our USD banking providers do not accept Zelle or ACH transfers. Only wire transfers are accepted.