What is the bank linking process?

Why do I need to link my bank account?

Linking your bank account allows you to transfer funds between your linked bank account and your Ellevest account. This enables you to fund your selected goals to begin investing!

At this time, you can only link one bank account to each of your accounts with Ellevest. If you are linking more than one type of account (such as your brokerage account, or traditional, Roth, or SEP IRA), you will need to validate each of your accounts separately (even if you are using the same bank account).

To keep your account safe, bank links cannot be changed frequently, so please make sure you are linking the correct account! If you need to change your bank account soon after setting up your bank link, account ownership verification will be required.

How do I link my bank account?

At Ellevest, you can link your bank account through Folio Investments with test deposits.

  • To begin the process, you will need to enter your bank account information on the Ellevest funding page. Ellevest will then send your request to Folio.
  • Folio will send two small test deposits to your bank account, followed by a withdrawal of those amounts. Use the two deposits to validate your account in the Ellevest push-down below.

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  • Once you have confirmed your test deposit amounts, your bank account will be validated and your account information will appear on the Settings page for your goal:

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