You can fund your Ellevest Digital, Premium or membership accounts a few 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.
If you’re funding your investment account via deposit for the first time, follow these steps:
- Click the goal you’re looking to fund on your Ellevest dashboard.
- Enter your desired monthly deposit (if you don’t want a monthly deposit, you can change this later!) and your desired timeline for your goal.
- Enter a one-time deposit, or skip this step.
- Enter your personal information.
- E-Sign Folio’s Client Agreement.
To initiate a one-time deposit outside your first fund, click on "Transfer Money" from the top of your dashboard and a dropdown menu will appear; select “One-time transfer” to set up your transfer.
To set up auto-deposits outside your first fund, head to your dashboard and click on "Transfer Money" followed by "Recurring transfer" 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. You can open a retirement account or transfer an IRA with Ellevest at the Plus or Executive membership levels. (For Digital/Premium clients, you'll first need to add a Retirement goal to your account).
Next, click on the “Transfer Money” button at the top of your dashboard, and select “Transfer external account” 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. You can rollover a 401(k) or 403(b) at the Plus or Executive membership levels only. Click on the “Transfer Money” button at the top of your dashboard, and select “Transfer external account” from the drop down menu to start the rollover process. You can read about the rollover process in more detail here.
Transfer a taxable investment account
If you have an investment account outside of Ellevest, you can move it over. Click on Transfer Money at the top of the page, and then select "Transfer external account" 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.