Frustrated with the transmission speed of funding your Vested Investing account from your INR account? We have the solution for you!
We are introducing “Instant Funding” capability on our platform.
What is instant funding?
It’s a system that allows us to increase your “Buying Power” instantly, once your Vested Direct transfer is submitted. You no longer have to wait 1 – 2 business days for the USD to arrive in your Vested investing account!
How does it work?
Instant funding is an extension of Vested Direct. If you are a Vested Direct user, “Instant Funding” will be automatically turned on for you at no additional cost. You do not have to take any action.
There are two types of speed offered by this feature:
- If this is your first transaction with Vested Direct, then additional approval by our banking partner is needed. We have shortened the turnaround time. As such, you should see an increase in Buying Power in less than 1 hour..
- If this is not your first transaction with Vested Direct, once you submit the Vested Direct transfer, we will increase your “buying power” instantly. Once your buying power is increased, you will be able to start investing immediately.
Additional considerations
“Instant Funding” is not a margin. Rather, it is the speedy delivery of funds that you have committed to deposit. As such, we need to prevent inadvertent extension of margin; which means:
- Although the funds are instantly available to invest with, they are not available to be withdrawn until the cash is settled (which typically takes 1 business day)
- You cannot immediately sell securities (stocks, ETFs, Vests) that were purchased with instant buying power. You can sell after the cash is settled (which typically takes 1 business day)
- “Instant Funding” is not available if your account is “Restricted” (occurs when you have incurred more than 3 good faith violations, which is a Freeriding violation. Please read this SEC bulletin to learn more). If your account is “Restricted”, you must wait until the cash settles (1 – 2 business days) before the buying power is available to you. Restricted status resets after 90 days after your account is restricted. You can look at your account status under the “Profile” section of the app.
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Our team members at Vested may own investments in some of the aforementioned companies/assets. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor’s portfolio. Note that past performance is not indicative of future returns. Investing in the stock market carries risk; the value of your investment can go up, or down, returning less than your original investment. Tax laws are subject to change and may vary depending on your circumstances.
This article is meant to be informative and not to be taken as an investment advice, and may contain certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success or lack of success of particular investments (and may include such words as “crash” or “collapse”). All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.
This video is meant to be informative and not to be taken as an investment advice and may contain certain “forward-looking statements” which may be identified by the use of such words as “believe”, “expect”, “anticipate”, “should”, “planned”, “estimated”, “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success of or lack of success of particular investments (and may include such words as “crash” or “collapse”.) All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.