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Wire Deposit


Deposit information

Bank name: Silicon Valley Bank
Bank Address:
3003, Tasman Drive, Santa Clara, California, USA, 95054
Beneficiary Name:
DriveWealth, LLC
Beneficiary Account Number:
Beneficiary Address:
97 Main Street, Second Floor, Chatham, New Jersey, USA, 07928
Reference/Memo ID:
Your Passfolio account number (which can be found in the screen of deposit of your own Passfolio app, it is the number that starts with letters "PA")

Please make sure to include your account number in the additional information section of your wire request. Just copy the text in the “Account Number” row found on your deposit screen in the app and paste it. This is necessary for us to match your transfer to your Passfolio account and will help ensure there are no delays in the transaction.

When you are done sending the deposit, please share a receipt in PDF format with your name and the amount in dollars visible. You must do that through the deposit screen of your Passfolio app. Without the receipt we are unable to credit your account.

Follow these steps:

  1. Open your Passfolio app
  2. Click on Transfer
  3. Click on Deposit
  4. Click on "Add funds to stock account"
  5. Select the method of deposit (WIRE, ACH, SWIFT)
  6. Insert the US dollar amount and click continue
  7. Copy the depositing information in the platform of your bank
  8. Click on "Send receipt" (the receipt must contain complete name and dollar amount visible)
  9. Upload your valid receipt

Time to reach your account

The estimated time for the money to reach your account is up to 5 business days after you send us a valid receipt with your complete name and dollar amount visible through the app.

Holding period

There is no holding period for funds deposited by Wire.


ACH Deposit

Deposit information:‍Recipient name: DriveWealth, LLCRecipient Address: 97 Main Street, Second Floor, Chatham, NJ 07928, USABank Name: Silic

TED Deposit

When you deposit via TED, our payments partner, Facilita Pagamentos S/A, is the party responsible for receiving and converting your money.

TransferWise Deposit

If you are depositing via TransferWise, please check the conversion rate with the responsible third-party you’re using to transfer funds.

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