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ACH Bank Account Setup & Funds Transfer

Are you looking to add capital to your fund account or receive distributions from your fund manager? Follow these instructions.

Note
Initial transfers must be via bank ACH, wire transfer or via check if the fund managers accepts checks.

Setting up the bank connection

After your investor account is setup with a fund, you can connect your bank account.

Setting up your bank account allows you to automatically send more to the Fund via ACH electronic transfer. The Fund Manager can also electronically send you distributions.

To set up the bank connection, follow these instructions.

  • Personal accounts
    * Go to Bank Accounts

    • Fill out the required fields. You will be requested to provide the last 4 digits of your social security number and your birthdate.
      This information is used by our financial provider to verify your identity.
    • Agree to the Terms of Service and click “Agree and Continue”.
    • If necessary, it will ask you to upload additional documents to verify your account.
    • After your identity is verified, you will then be able to connect your bank account. Click “Add Bank Info”. We utilize Plaid services to connect Avestor to your bank account.

**Entity accounts - entity accounts (LLCs, Trusts with EINs, checkbook-controlled retirement accounts with EINs) ** all required additional verification before a bank account
can be connected.

  • Please provide your fund manager with the following information:

    • IRS EIN letter for the entity.

    • Names, address, full social security number and a color image of their drivers license of all beneficial owners
      of the entity (own >25% of the entity).

    • The fund manager will work with Avestor to get your verification completed.

    • Once your entity is verified, you will then be able to connect your entity bank account. We utilize Paid
      services to connect Avestor to your bank account.

      Sending money to the Fund

After your bank connection is completed, you will be able to go to the transfer funds page to authorize transfer of the funds from your bank account to the fund bank account.

ACH transfers can take up to 5 business days. If funds are required faster, the transfers page shows wire instructions which can deliver funds with 1 business day.

Receiving money from the Fund

After your bank connection is completed, you will be able to receive funds electronically to your account. You cannot pull money directly from the fund’s bank account.

Request your fund manager to initiate an ACH transfer. ACH transfers can take up to 5 business days.

SETTING UP YOUR FUND BANK ACCOUNTS

ACH SETUP INSTRUCTIONS

FUND SETUP CHECKLIST

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