You provide the funding instructions for your investors’ contribution payments when you define the subscription settings for the investment entity managing your offering.

There are three possible options:

  • ACH - investor electronically transfers funds through Groundbreaker’s banking partner, Dwolla

  • Wire - investor initiates a funds transfer from their bank based on your wire instructions

  • Check - investor mails a check to the address you specify

Enabling ACH gives your investors a choice of transferring funds through Groundbreaker’s banking partner, Dwolla. This is an efficient and effective method of payment that eliminates manual steps required when paying by wire or check. When you use ACH, understand 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 - that includes you and your investors - which can take up to three business days

  • ACH transactions generally take 3-5 business days to complete

Set Up ACH

=> Select Menu from the Home Dashboard.

=> Then select Investment Entities.

=> Click on the Investment Entity to enable.

From the Investment Entity Overview page, click on More Actions and select Entity Bank Account.

See this article for detailed instructions for setting up ACH.

Activate ACH

Once you set up ACH for the investment entity, you enable ACH contribution payments from investors in Subscription Settings.

=> Click on Subscription.

=> Click on View settings.

This page shows the settings for the subscription. Scroll down to the Contributions funding options section.

If ACH is not set up for this investment entity, select Complete entity set up and follow the steps outlined in this article.

Once this investment entity has been connected to a bank account for ACH, you will see the bank account on this page. Click on Activate to include ACH as a funding option you will offer to subscribers to this offering.

Once you make ACH a funding option, you can remove it by clicking on Deactivate.

Next Steps

Once you set up ACH and activate it for the offering, the investor will see ACH as a payment option, but they cannot make their payment through this option until they complete the process of setting up ACH through their bank.

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Support Information

If you have more questions or feedback, please use the live chat in-app (located in the bottom right corner) or contact support@groundbreaker.co.

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