Plastiq has expanded its’ payment options! As of June 13th, Plastiq has added the ability to send wire transfers and ACH Direct Deposits to other accounts. I chatted with the company online to get a little more information on the new Plastiq wire service. Currently, three options are available:
- Domestic Wire – same-day, 2.5% + $30 fee (up to a $20,000 transaction amount)
- International Wire – next-day, (not quite available)
- ACH Direct Deposit – within 4-5 days, standard 2.5% fee (next-day for an additional $15 fee)
When asked about the International Wire option, my chat representative explained, “international wires are not quite available yet but we hope that will be soon.”
Once you’re verified (keep reading for instructions), you’ll be able to send Domestic Wires and Direct Deposit transactions through the online interface. It’s fairly easy to set up, and only require 1 or 2 extra steps compared to your average payment on Plastiq. You’ll need the recipient’s routing number, account number, and contact information.
How do I get started?
To do any of this, you’ll need to go through some verification with Plastiq. Don’t worry, it’ll be easy! When I logged into Plastiq, I saw this banner across the top of the screen:
Click “Get Access Now” then choose how to verify.
I chose to verify with a text, and the process took all of 30 seconds.
What does this mean for us?
Admittedly, I don’t think I’ll need to send a Plastiq wire often, but I’m interested to see how the direct deposits work. If it’s an easy way to hit the requirements on new bank account bonuses, sign me up!
When chatting with the Plastiq rep, they asked if I send business payments at all. I don’t, but it looks like Plastiq is really promoting themselves as a business payments company. The new Plastiq wire service could be great for businesses, especially with the expansion to international wires.
Check out Plastiq’s blog announcement on the new service, and let us know if you’re going to use it!
If you haven’t signed up for Plastiq yet, consider using my link here. I’ll get 1,000 fee-free dollars, and you’ll get $500 fee-free dollars. Stack those fee-free dollars with their MasterPass promotion, going on now!
Points With a Crew has partnered with CardRatings for our coverage of credit card products. Points With a Crew and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Some or all of the card offers that appear on the website are from advertisers and that compensation may impact on how and where card products appear on the site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners and I do not include all card companies, or all available card offers. Terms apply to American Express benefits and offers and other offers and benefits listed on this page. Other links on this page may also pay me a commission - as always, thanks for your support if you use them
User Generated Content Disclosure: Points With a Crew encourages constructive discussions, comments, and questions. Responses are not provided by or commissioned by any bank advertisers. These responses have not been reviewed, approved, or endorsed by the bank advertiser. It is not the responsibility of the bank advertiser to respond to comments.
Dan Miller travels with his wife and 6 (SIX!) children. He loves to help families travel for free / cheap, especially larger families. If you are looking for help, drop him an email at 
I am interested in your services.
Hi James, we don’t actually do the wire services, but check out the Plastiq site for more information!