When you invest in opportunities on Percent, you invest in high yield investments. Yet before you can invest, you need to deposit funds into your Percent account.
This might seem confusing for new investors. After all, Percent is not a bank, and the extra step of making a deposit to Percent might seem superfluous. Yet your Percent account balance exists for a good reason.
Investing from your Percent account
Like most investment platforms — from those selling stocks to those offering alternative investments — investors first need to have a balance in their account to use for investments.
When logged into Percent, investors can simply initiate a bank transfer (or ACH transfer), which takes one to three business days to transfer and clear before a deposit shows up in your Percent account. For larger sums, you can easily initiate a wire transfer to Percent for faster access to funds.
When funds transfer from your bank to Percent, they are held in an FDIC-insured account. From there, deposited funds can be used at any time to invest. Investors can also choose to transfer funds back to their bank account — including any interest or principal payments returned from previous investments.
We currently do not offer a way to instantly transfer funds from a bank account directly into an investment opportunity and bypass a Percent cash balance. All investments must be made from an investor’s balance held in their Percent account, and Percent investors must wait 10 days to withdraw recently deposited funds.
Does my Percent account accrue interest?
Your Percent cash balance does not accrue interest as of this writing. We are, however, in the process of investigating ways for investors to accrue interest on their Percent cash balance in the near future — an oft-requested feature from our users.
How do I fund my Percent account?
Funding your Percent account simply requires connecting a bank account and depositing funds. Click below to get started and fund your Percent account.
[Fund Your Account]