How Do I Add or Change My Bank Account?

Open Funding Sources from the Account menu. From there you can link a bank account for ACH payments and payouts, and record other sources of money such as an IRA.

What you can do here depends on your sponsor. ACH appears only if your sponsor has switched it on.

Verify your account for ACH

The first time, choose Turn On ACH, then Start Setup, and pick your investing account. We use the name, address, phone and tax ID from your account's legal details, so you only add your date of birth and accept Moov's terms. Moov is the payment provider that moves the money. The status updates on its own.

Link a bank account for ACH

1. Open Funding Sources.
2. Under Bank Accounts for ACH, choose Link Bank Account and follow the prompts to sign in to your bank.
3. If your bank is not listed, choose Enter Account Numbers instead. Small test deposits are sent to your account. When they arrive, choose Enter Deposits and enter the amounts.

You can use a linked checking or savings account to pay subscriptions and capital calls by ACH.

Receive payouts in a bank account

1. Find the bank account under Bank Accounts for ACH.
2. Choose Use for Payouts and choose Send to Sponsor for Review.

Your sponsor checks the account before sending payouts to it. Until then, it shows Waiting for your sponsor to review. When it is ready, it shows Receives ACH payouts.

Change or remove a bank account

• To change your bank, link the new account, then set it up for payouts as above.
• Choose Make Default to use an account for ACH payments by default.
• Choose Remove to take an account off.

Other funding sources

Under Linked Funding Sources, choose Add Funding Source to record where money comes from, such as cash in a bank account, a Traditional IRA, Roth IRA, or Solo 401(k). Enter the Source Nickname, Source Type, Institution / Custodian, and the account owner. Only enter the last four digits of any account number.

Adding a source this way keeps a record for future applications. It does not link a bank, approve transfers, or change who owns an investment.

You need banking permission for an investing account to make these changes. If you manage someone else's account and cannot see these options, contact your sponsor.

Syndelo is in preview. eSign and investor payments require live provider setup; a demo or sandbox action does not complete a live transaction. Confirm availability for your workspace before relying on either.