Transfers made through the Automated Clearing House (ACH) network are a common way to transfer funds from banking institutions. They are similar to direct deposits in that your bank needs your CoinZoom routing and account numbers. But each ACH transfer takes a few days to post to your account and there is a hold period for withdrawing the funds


CoinZoom uses Plaid as an intermediary between your bank and CoinZoom. To set up ACH transfers, you must first configure your CoinZoom banking details with Plaid. This only needs to be done once per banking account. 

Add a Bank Account

  1. Access Settings -> Bank Details (or Banking) -> Add Bank (or Link Bank).
  2. Select Instant Verification to set up the Plaid connection (desktop and Pro apps only).
  1. Select your banking institution; if your bank is not listed, you must use another method.
  2. Enter your login credentials for your banking account. You may have to do this a couple of times. 
  3. Choose the banking account you want to withdraw funds from.

Make an ACH Transfer

  1. Select ACH Bank Deposit from the Deposit Method screen.
  2. Choose the bank account to use.
  3. Enter the dollar amount and add an optional reference note.
  4. Submit and confirm the transaction. 

Warning: There is a $100 cancellation fee to cancel an ACH transaction.