Meow Setting Up Your Fund Bank Account

At Avestor, we’ve partnered with Meow to provide a seamless and fund-friendly banking experience for our clients. Meow’s modern financial infrastructure, combined with their understanding of private fund requirements, makes them an ideal partner for fund managers who need reliable, high-yield checking accounts with fast setup and great support.

Why We Chose Meow

Meow’s partner banks—like Grasshopper Bank and others—are experienced in working with private fund entities and offer:

• A client-first approach
• Advanced online and mobile banking
• Seamless integrations with QuickBooks or Wave
• High-yield checking accounts with 4.80% APY
• Up to $125M in FDIC insurance through Meow’s sweep program

Two accounts will be created for every fund:

1. Fund Entity Account
2. Manager Entity Account

Step-by-Step: How to Open Your Bank Accounts

1. Submit a Ticket
   Log into the Avestor sponsor portal and create a ticket requesting Meow bank accounts.

2. Avestor Coordinates Setup
   Our onboarding team will handle coordination with Meow to initiate the account creation process.

3. Shared Folder Setup
   You’ll receive access to a secure shared online folder where we will collect and organize your required documents.

4. Complete the Bank Questionnaire
   Each fund executive who will be a signer on the account must complete the Fund Bank Accounts Questionnaire.

5. Upload Driver’s Licenses
   Each signer must upload images of the front and back of their driver’s license.

6. Avestor Handles the Rest
   We will upload your legal documents, state incorporation docs, and EIN letters to the shared folder.

7. Electronic Signature
   Once everything is prepared, Meow will send you the required documents to sign electronically. We’ll also provide step-by-step instructions to guide you.

Make an Initial Deposit

You must deposit $1,000 into each account once they are opened.

This opening balance ensures the accounts remain active until you close your first deal. Bank systems may automatically close zero-balance accounts within 30 days—so this step is essential.

Reminder About Check Limits

If you bank with Meow, keep in mind that their banking partners do not accept checks over $25,000—no exceptions. To avoid disruption:

• Encourage investors to wire funds
• If you expect to receive checks over $25K, consider opening a secondary account at a local bank

Let Avestor handle the heavy lifting while you focus on launching your fund. By leveraging our partnership with Meow, you’ll avoid delays, stay compliant, and get set up with modern banking in as little as 48 hours.