InvestNext, Inc. is a software company, not an FDIC-insured banking institution. Banking services are provided by Grasshopper Bank, N.A., Member FDIC.
If you need to move funds from your Transact account to another operating bank account, you have the ability to initiate a Wire Transfer. The following article will show you how to initiate the process.
NOTE: This is not intended to initiate wire transfers to your investors as part of their distributions. Wires submitted through this workflow will not automatically update cap table records or distribution reporting within InvestNext.
Step-by-Step Instructions:
Step 1. To get started, click on the "Transact Account" under the Account column. Keep in mind that if you have "renamed" this account, it will have a different name.
Step 2. Click on the "Send Wire Transfer" button to get started.
InvestNext, Inc. is a software company, not a bank or an FDIC-insured depository institution. Banking services are provided by Grasshopper Bank, N.A., Member FDIC. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of InvestNext or other third party.