Redemption Methods

ACH

Redemption type: ACH

📘

ACH deposits are only available in the United States

AttributeTypeDescription
beneficiaryNamestringFirst and last name on bank account
beneficiaryAccountNumberstringBank account number
beneficiaryAccountTypestringType of bank account
CHECKING"
"SAVINGS"
beneficiaryRoutingNumberstringBank 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.

AttributeTypeDescription
beneficiaryNamestringName on bank account
beneficiaryAccountNumberstringBank account number
beneficiaryAccountTypestringType of bank account
CHECKING"
"SAVINGS"
beneficiarySwiftABAstringBanks SWIFT / ABA number
beneficiaryBankNamestringName of receiving bank
beneficiaryBankAddressstringReceiving banks address
beneficiaryBankCitystringReceiving banks city
beneficiaryBankProvincestringReceiving banks State / Province
beneficiaryAccoutNumberTypestringThe type of account associated with a bank account
beneficiaryBankZipstringReceiving banks zip code
beneficiaryBankCountrystringReceiving banks country
* "USA" - United States
intermediarySwiftstringSWIFT of the intermediary bank that is facilitating the international wire transfer
intermediaryBankNamestringname 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.

AttributeTypeDescription
namestringFirst and last name on bank account
{
      "name":"John Smith"
}