After filling in your personal information and uploading the documents needed to verify your identity, you will then have the ability to link your bank account.
Visit https://usds.stably.io/profile/add-fiat to add bank accounts. You need to provide the following information:
- Nickname: The name that will appear in your list of bank accounts stored on your Stably profile
- Account Holder Name: The legal name of the bank account holder
- Wire Routing Number: The wire routing number for your bank (not an ACH routing number)
- Account Number: The account number for your specific bank account you want to link
What is a wire routing number?
You’ll need to check directly with your bank what number you should give to receive a wire - it might be the same as the ACH number and/or the routing number on your checkbook, but it might not.
If you’re receiving a wire transfer from another country, you might not need a routing number at all. You might need to give them your bank’s SWIFT code instead, which you can find out from them.
If you end up giving out the wrong routing number - giving the ACH instead of the wire routing number, for example - then the payment might not go through. But there’s a chance that a bank will be able to process the payment anyway if you give the ACH routing number instead of the wire routing number. In these cases, if your account number is correct and you just used the wrong type of routing number, but for your correct bank, then you might end up receiving something called a Notification of Change (NOC) informing you that the supplied details were wrong and should be corrected for future payments. A lot of times your bank receives this and fixes it all in the background for you without even letting you know, so there’s not much to worry about.