What is the cheaptest way to funding account via transfer wire for non US

can I use crypto to fund a stock account?
Is there any service, API or app recommended to eliminate transfer wire fees?

I also have the same question about funding a stock account using crypto. I think it is possible but I haven’t tested it yet.

Your best bet would be using a Wise account (which used to be TransferWise) and funding via ACH. The fees are minimal and it’s fast (clears next business day).

1 Like

wise is still too high fee for me 7.10$+ if you know how to do this cheaper?

It’s free if fund via ACH.

1 Like

where are you using to open an ACH account as non-US ??
I thought many banks are requirement a Social Security Number.

Nope, Wise <> Alpaca uses Plaid which doesn’t need an SSN to use ACH.

1 Like

can you explain this step more, please?

Okay, I think I know where we’re getting confused. I assumed that your Wise account was already funded in USD. I get paid in USD from a US company, so the fees when depositing into Wise are free for me.

Then I log into Alpaca and link my Wise USD account using Plaid which transfers funds into Alpaca from Wise for free.

1 Like

Hello! Mahmoud here from Alpaca.

We have a solution for international funding with CurrencyCloud (International Transfers in the Dashboard) - this solution is cheaper than wire (and depending on your country even faster!)
You can deposit in your local currency and we take care of the FX conversion and deposit the funds in USD into your account.

Screen Shot 2022-10-07 at 11.41.22

1 Like