Redemption Methods

ACH

Redemption type: ACH

📘

ACH deposits are only available in the United States

Attribute

Type

Description

beneficiaryName

string

First and last name on bank account

beneficiaryAccountNumber

string

Bank account number

beneficiaryAccountType

string

Type of bank account

  • CHECKING"
  • "SAVINGS"

beneficiaryRoutingNumber

string

Bank routing number

{
      "beneficiaryName":"John Smith",
      "beneficiaryAccountNumber":"7442393174",
      "beneficiaryAccountType":"CHECKING",
      "beneficiaryRoutingNumber":"7442393174"
}

Wire

📘

Wire redemptions are available globally. beneficiaryAccountNumber, beneficiaryName, and beneficiarySwiftABA are the only required detail object attributes. However, it's important to note that including the other attributes will reduce the risk of needing to contact the customer if the wire fails.

Attribute

Type

Description

beneficiaryName

string

Name on bank account

beneficiaryAccountNumber

string

Bank account number

beneficiaryAccountType

string

Type of bank account

  • CHECKING"
  • "SAVINGS"

beneficiarySwiftABA

string

Banks SWIFT / ABA number

beneficiaryBankName

string

Name of receiving bank

beneficiaryBankAddress

string

Receiving banks address

beneficiaryBankCity

string

Receiving banks city

beneficiaryBankProvince

string

Receiving banks State / Province

beneficiaryAccoutNumberType

string

The type of account associated with a bank account

beneficiaryBankZip

string

Receiving banks zip code

beneficiaryBankCountry

string

Receiving banks country

  • "USA" - United States

intermediarySwift

string

SWIFT of the intermediary bank that is facilitating the international wire transfer

intermediaryBankName

string

name of the intermediary bank

{
      "beneficiaryName":"John Smith",
      "beneficiaryAccountNumber":"7442393174",
      "beneficiaryAccountType":"CHECKING",
      "beneficiarySwiftABA":"ASDASD1123",
      "beneficiaryBankName":"Firth Third Bank",
      "beneficiaryBankAddress":"123 Main St",
      "beneficiaryBankCity":"Chatham",
      "beneficiaryBankProvince":"NJ",
      "beneficiaryBankZip":"07928",
      "intermediarySwift":"ftbcus3c",
      "intermediaryBankName":null,
      "beneficiaryBankCountry":"USA"
}

Check

📘

Check redemptions are available globally but it is important to note that DriveWealth will only send USD denominated checks.

Attribute

Type

Description

name

string

First and last name on bank account

{
      "name":"John Smith"
}