Starting February 13th, customers will no longer be able to deposit and withdraw USDC using bank wires from within their Poloniex account.

The ability to link a new bank account will be removed on February 6, 2020. Any customers with an existing linked bank account will have their bank account removed on February 13, 2020 and will be unable to transfer funds back and forth following that.

If you’d like to fund your Poloniex account using fiat, you can buy bitcoin using credit and debit cards through our Simplex integration. You can also continue using bank wires and USDC by registering for an account with Circle’s USDC Tokenizer.

FAQs

Q: What happens if I initiate a wire deposit after February 13th?
A: Any wire received after February 13th will be automatically rejected and returned to the originating bank account. You may be charged a wire rejection fee.

Q: What happens if I initiate a wire deposit before February 13th, but my wire arrives after the shut off date?
A: Please note that your wire transfer will be subject to your bank’s wire transfer timelines. Any wire received after February 13th will be automatically rejected and returned to the originating bank account. You may be charged a wire rejection fee.

Q: I initiated my bank redemption before February 13th, will I still receive the funds in my bank?
A: Yes. If for some reason you don’t receive your funds in your bank account, please reach out to us.