You can fund your Ellevest Digital/Premium account three different ways:
Link a bank account
This is the quickest way to fund your Ellevest account, as it enables you to transfer funds from your bank account to your Ellevest account. Once you’ve linked a bank account, you can transfer funds either by a one-time deposit or through recurring auto-deposits.
To initiate a one-time deposit, head to your dashboard and click on the teal “Invest Now” or “Transfer Money” button at the top of your goal. A dropdown menu will appear; select “Make a Deposit” to transfer money.
To set up auto-deposits, head to your dashboard and click on the teal “Invest Now” or “Transfer Money” button at the top of your goal. Select “Edit Auto Deposit” from the dropdown menu to schedule your recurring auto-deposits on a twice-a-month, monthly, or quarterly basis.
Transfer an IRA
If you have a traditional, Roth, or SEP IRA account outside of Ellevest, you can move it over. First, add a Retirement goal to your account. (If you already have one, great!) Next, head to your dashboard and click on the teal “Transfer Money” button at the top of your Retirement goal, and select “Transfer IRA” from the dropdown menu to start the IRA transfer process.
Roll over a 401(k) or 403(b)
If you have an old 401(k) or 403(b) from a previous employer, you can roll it over to an Ellevest IRA. Click on the teal “Transfer Money” button in your Retirement goal, and then select “Roll Over.” You can read about the rollover process in more detail here.
Transfer a taxable investment account
If you have an investment account outside Ellevest, you can move it over. Click on the teal “Transfer Funds” button in the left-side menu to start the transfer process. Note that the transfer could incur capital gains for you — so we recommend that you check with a tax professional if you have questions on what the tax implications might be.
If you have any questions or need help funding your Ellevest account, shoot us an email at firstname.lastname@example.org or call us at 844-ELL-7100.