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How to Wire Your Money to MyConstant Via Prime Trust

date June 26, 2020 time 3 min read 4175 views

If your bank is located outside of the US, a wire transfer is your only option to get funds to your MyConstant account.

When you wire money to MyConstant, it’s first sent to our escrow partner, Prime Trust. Your MyConstant account is then identified by the Reference Number included in your wire receipt.

Wiring funds can be a little confusing, so let me walk you through the process.

MyConstant wire receipt

We know that wire processes can be a bit confusing so we want to talk you through a couple of things you should be aware of when wiring from your bank.

Wire transfers cost money


Most domestic wire transfers have a fee of $15 to $25 per transfer depending on your bank. A domestic wire will usually take 2 to 3 business days to appear in your account.


International wire transfers are generally more expensive and take 1 to 5 business days to reach your account.

Depending on your bank, wiring money from an overseas account will incur a fee between $30 to $50. Usually, this is a flat fee, so it’s important that the amount you send is sizable in order to justify the cost.

Some banks have no option for wiring money online.

Some banks do not have online options for initiating wire transfers. Make sure you check with your bank whether online transfers are possible.

Not all banks have a convenient or obvious wiring process.

When you go to your bank’s online site or mobile app and click the transfer button, you might only see a screen for transferring between your personal accounts. To initiate a wire transfer, you may need to navigate to a transfer options menu where you can select the option.

Some banks like Bank of America list wire transfers with their ACH transfer options. Remember, wire transfers are usually the fastest option (same-day) as they come with a premium price tag. If the transfer is expected to take longer than a day, it’s probably not a wire. 

Your bank may have limits on the amount you can wire.

Most banks have daily and monthly limits on how much a regular personal account can wire. For example, Wells Fargo has a daily limit of $5,000 and a 30-day limit of $12,500. If you want to transfer more money, you’ll likely need to take a trip to your local branch and negotiate in person.

Some banks require extra steps for wiring online.

More banks are throwing extra security measures onto their online banking. This is great for protecting your money, but also another step to consider when wiring funds. Bank of America, for example, has hard limits on the amount of money you can wire online before initiating their Safepass feature. If you want to wire more money you’ll have to get your mobile device authorized for Safepass.

Make sure your bank includes your reference number

As we mentioned earlier, Prime Trust needs to see your reference number in the wire transfer or they won’t be able to match your funds to your MyConstant account. Whether you fill out your wire form online or in person, stress to your bank this number needs to be included. We also encourage you to get a PDF of your wire receipt and send it to us as an email ([email protected]) for reference so we can make sure your funds get to your account smoothly.

Whew, that was a lot, wasn’t it? We know wiring can be a bit of a hassle but we believe the security that comes with keeping your money strictly between you and our insured custodial partner is worth the wait. Let us know if you have any further questions, and we’ll be happy to help.

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Peter Upton

Peter Upton

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S qt

Some wiring services don’t have way to add the reference number. This system really doesn’t work for me. I was making regular deposits but have not been able to make any since the loss of other deposit options.

Trevor Kraus

Hello Hwang,

When you fill out your wire info on your banks website, there should be a ‘message’ or ‘note’ section at the bottom where you can enter the reference number. I know wiring isn’t ideal for everyone but please know that we’re actively looking for new ways for our customers to deposit and withdrawal funds.

Y h Pham

Need recipient’s physical address for the wire. I got the bank address but you didn’t include fhe recipient’s physical address


How can I make wire successful

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