Wire transfer is now available for funding MogoCrypto from any Canadian bank. If your wire transfer is processed by the bank by 4pm ET Monday to Friday not including holidays, and includes your Secret Key, in most cases your account should be funded same day between 6pm to 7pm ET*.
You can access the wire transfer information from within your Bitcoin & Rewards dashboard, just select Fund and choose the Wire Transfer option. Detailed instructions including bank information will be displayed to you after you consent to the MogoCrypto Wire Transfer Terms & Conditions.
To avoid delays:
- Include your Secret Key on your wire transfer. Your Secret Key is a unique alpha numeric key provided to you in the wire transfer instructions. Failure to include this Secret Key may result in processing delays. Please instruct your bank to include your Secret Key on your wire.
- Wires must be in Canadian funds from a Canadian financial institution.
- Your name as it appears on your MogoAccount must match the Sender name on the wire transfer. You can review your MogoAccount name under Account settings. For instructions on how to request a name change click here
- Upload your wire receipt, failure to do so may result in processing delays.
- We do not accept bank drafts or bank to bank transfers. Some banks might recommend a bank draft or they may suggest a bank to bank transfer in lieu of a wire transfer as it may be a cheaper option however please note, we only accept wire transfers.
- Wire transfers are only processed on regular business days, not weekends and holidays. If your wire is processed by your bank before 4pm ET on a regular business day and all required info is included, your funds should be in your account between 6pm and 7pm ET*.
- Minimum wire $10,000.00 CAD - Maximum wire $999,999.99 CAD
- Fees - Mogo does not charge any fees for accepting wire transfers but your bank may charge you a fee to send a wire
- There is a 3-day hold period before you can begin to withdraw funds credited to your account from a wire transfer.
*If your wire transfer is processed by the bank before 4pm ET cut off time, Mogo will make commercially reasonable efforts to fund your MogoCrypto account before 7pm ET subject to the following: regular business days, Secret Key included on wire transfer, receipt uploaded and any additional verification requirements as may be necessary.
