Deposit to Silo: How to Fund Your Account Quickly & Securely
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Introduction
Before you can buy bonds or access the boosted returns, your account must be funded. Transferring money into your account is straightforward once your bank is linked. This guide walks you through each step and what to expect.
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1. Link Your Bank Account
After you’ve created your account, link your bank. You will receive an email when the linkage is successful. If no status appears next to your bank’s name in the “Banks” page, that typically means the account was added without issues.
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2. Initiate the Transfer
With the bank linked, you can initiate a deposit by:
- Navigating to the Banks page, selecting your bank, and clicking to start the transfer process.
- Or using the “Deposit Cash” button, choosing the amount you wish to transfer, and completing a two-factor authentication for security.
3. View Transfer Status and Timing
Once you’ve submitted the deposit:
- Check the History section of your account to monitor status changes.
- You’ll get email updates both when the transfer is pending and when it’s completed.
- Funds normally take 4-5 business days to settle and become available for investing.
For newly funded accounts, up to $1,000 may become available immediately while the remainder processes through custody steps.
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Conclusion
Funding your account is an essential first step—and it’s designed to be seamless. Link your bank, initiate the deposit, and monitor it through completion. Once processed, your funds are ready to put to work.
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