Groundbreaker was created to be an automated online portal giving you the ability to review offerings, create and complete a subscription, remit and receive payments, and have instant and transparent access to all information about your investments. While it is possible for all steps in the process, including your contribution payment, to be completed completely online, you can also opt to submit funds via wire transfer or check.
Once all the subscription documents are completed, signed, and approved, the sponsor will provide you with funding instructions.
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Funding Instructions
The sponsor will provide you with up to three options for remitting contribution payments and you can select the one you prefer. The three possible options are:
ACH - Direct Deposit - Requires additional steps for setup
Check - The sponsor’s mailing address is provided
Wire - The sponsor’s wire instructions are provided
ACH - Direct Deposit
This option allows you to fully automate your payment and is the recommended method. Once you send your payment via ACH, you are done! If you choose this method, keep in mind that:
The maximum amount for ACH direct deposits is $250,000.00
ACH currently supports U.S. Bank Accounts only
U.S. law and KYC/AML compliance requires verification of all users who are funding through electronic transactions
ACH transactions generally take 3-5 business days to complete
Mail Check
Selecting this option displays the address where you will send payment. Once you have mailed the check, let the sponsor know by clicking on the I’ve mailed my funds button at the bottom of the page.
Wire
Selecting this option displays the wiring instructions. Once you have completed the transfer, let the sponsor know by clicking on the I’ve wired my funds button at the bottom of the page.
Contribution Payment History
You have full visibility to your contribution payment history from the main menu.
Each payment is detailed showing the Investment Entity that received the funds, payment method, date, status, and amount.
The possible status values are:
Pending - Payment has been initiated but not yet received
Voided - Transaction was canceled before it was completed
Failed - Payment could not be completed. Contact Groundbreaker to determine how to resolve the failure.
Paid - Payment has been received and completed
Settled - ACH payment has completed successfully
In Progress (ACH only) - Transaction has been initiated but payment has not yet completed. You are able to cancel the payment in this stage.
Support Information
If you have more questions or feedback, please use the live chat in-app (located in the bottom right corner) or contact [email protected].