Step 1: Log in to the Website
Visit Webot and log in to your account. Locate the [Wallet] option in the menu bar. Once you access the Wallet, click the [Deposit USD] option.
Step 2: Select [Bank Wire Transfer]
Note: Before depositing, you need to complete the Identity Verification. If you have not verified your Identity, please click the “Verify” button and submit the information according to the prompt message. The bank transfer information can be seen after the verification is completed.
Read the notes at the top of the page before you send the wire: send by wire, not ACH (ACH transfers to these details are held for 7 days), and make sure the name on your bank account matches your name on Webot.
Review the wire instructions and copy them into your bank’s wire form. You do not need to add a memo or reference code. Different banks have different ways to send a wire, so please contact your bank directly for instructions on completing the deposit. Once you have submitted all the information needed for your wire, you can click “I have completed the wire”.
NOTES
Webot is not responsible for delays in wire transfers due to your bank or intermediary banks that your bank uses. You will receive the wire within 1-5 business days in general.
Webot does not charge its own fee on wire deposits. The receiving bank charges $20 per incoming wire, so your account is credited with the amount received minus $20. The minimum wire deposit is $50, and the funds are held for 1 day after the deposit settles. Any other fees are charged by your sending or intermediary bank. We recommend reaching out to your bank prior to making a transfer to clarify any fees you may incur.
Webot is not responsible for any impact this has on your bank account. You should be aware that many banks are uncomfortable sending cryptocurrency-related wire transfers.
Webot can only process wire transfers on weekdays. USD Wire transfers can take up to one week to process. In rare cases, it can take longer.
Webot can only wire fiat to bank accounts in the name of the Webot account owner. We can only accept wires from accounts in the name of the Webot account owner.
Webot can’t accept funds from Family funds, wholly owned entities, and Joint accounts, so please confirm your bank account type before sending a wire.
EXAMPLE
How to send a wire with Bank of America
1. Log in to your Online Banking and click Transfer, then choose ‘To/from other banks (includes wires)’.
2. Please click ‘Add Account/Recipient’ before sending a wire.
3. Choose ‘Domestic (U.S.)’ and choose the type of account ‘A business account’.
4. Please use the info of ‘USD Recipient Details’ on the Webot website to fill in the corresponding position. You can send the wire after adding the Recipient Account.
If needed, please select the ‘Business Internet Banking’ when you select the Bank