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Topics: Open & Fund Account
Open & Fund Account
With an Impact Account you get a fully-automated portfolio that aligns to your financial goals with your values.
A Trading Account allows you to choose from our catalog of professional and community-built motifs, build your own custom 30-stock portfolios, trade individual securities, and participate in IPOs.
Absolutely! You just need to submit separate brokerage applications for each account type. Just submit your application for the first account type, and then open another account from your Motif dashboard by scrolling over your name at the top of the page and select “Settings” from the drop-down.
Check deposits can be withdrawn by check or ACH 10 business days from the date of deposit or via a Fed funds wire 30 business days from the date of deposit. Wire deposits can only be withdrawn via a wire after the funds have been held for one business day.
ACH deposits must remain in your account for a minimum of seven business days prior to withdrawal for clearance purposes and may only be withdrawn via ACH to the bank account of origin. These holds apply to both non-retirement accounts and IRAs. In addition, if your deposits to an IRA are made via account transfers (ACATs), the funds are available for distribution 30 business days from the date of deposit. Other conditions may apply.
Just follow these four easy steps:
- Make your check payable to Pershing LLC
- Write your nine digit account number on the memo line.
- Print and fill out the deposit slip.
- Mail it to the following address:
Regular U.S. Mail & Overnight
PO Box 3548
Rancho Cordova, CA 95741
Note: We only accept personal checks.
Motif Impact accounts have a minimum balance of $1,000 so that you can buy enough shares of stocks for each asset class. This minimum balance must be maintained over the lifetime of the account.
Trading accounts do not have an account minimum. To invest in a motif, you can start investing for as little as $300. To trade on margin, you’ll need a minimum balance of $2,000.
It depends. Which of the following funding methods are you using?
- The fastest way to fund your account is to directly link your bank account to Motif as no micro-deposit verification is needed. In most cases, your account should be funded within 24 hours using this method.
- Wire and ACH deposits are typically the second fastest way to fund your account; funds from these sources are typically available for trading as soon as they are received and posted. You can usually expect your account to be funded within 24 hours of requesting an ACH deposits.
- If you fund your account by check, funds will clear for trading on the fourth business day.
- Account transfers (ACATs) from another broker typically take up to 10 business days to process. Keep in mind we only accept ACATs for listed securities, ETFs and cash.
No. Cash balances do not currently earn interest.
We do allow account transfers (ACATS) for outside brokerage accounts. We can accept transfers of cash and US listed securities, but not Mutual Funds.
We currently only accept customers with a valid tax id and a permanent US address.
Yes, you can open the no-fee Motif Investing IRA that best meets your needs. Select from Traditional IRA, Roth IRA or Rollover IRA account types.
Yes, you can rollover your 401(k) or other employer-sponsored plan to a Motif Investing IRA.
To access detailed funding instructions, please navigate to the Funding an IRA page.
Need more information about funding your IRA?
We’re happy to help. Just email us or give us a call at 1-855-586-6843. We’re available to help from 9am-6pm ET, Monday through Friday.
You have several convenient options for funding your account including:
- Directly link your bank account and transfer funds.
- Submit an ACH transfer.
- Submit a wire transfer.
- Transfer funds from another broker (ACAT transfer).
- Mail a check payable to “Pershing LLC”.
You can request a check by contacting Customer Service at 1-855-586-6843. Check requests are processed within one business day.
You can transfer using electronic ACH transfers between your bank and Motif Investing, via wire transfer, or by check. To transfer money go to “Account” and click “Transfer Money”.
To fund or transfer money into an IRA, you can complete an account transfer form.
To transfer money out of an IRA, you’ll need to complete and send in a distribution form for your type of IRA. You’ll see detailed money transfer instructions in your account once your application is approved.
Yes, you can set up recurring transfers both to deposit and withdraw funds to and from your Motif account. You can set the amount, how often a recurring transfer occurs, the date of first deposit or withdrawal, and the duration of a recurring transfer.
To set up a recurring transfer, from your Motif dashboard go to “Account” and click “Transfer Money”. On the “Online Transfer (ACH)” screen select either the “Deposit Funds” or “Withdraw Funds” tab. Then click on the “Set as a recurring deposit/withdrawal” link under the “Amount” field.
For more details on how to set up recurring transfers view our blog post.
Yes. From your Motif dashboard go to “Account” and click “Transfer Money”. On the “Online Transfer (ACH)” screen you will see all of your scheduled recurring deposits and withdrawals.
Click on either the “edit” or “cancel” links under the “Action” column for the recurring transfer you would like to edit or cancel. To cancel a recurring transfer you may choose a single scheduled transfer (up to three upcoming scheduled transfers) or the entire series.
For more details on how to set up recurring transfers view our blog post.
Yes, the daily limit for ACH transfers is $100,000 for deposits and $50,000 for withdrawals. The same rules apply to recurring deposits and withdrawals.
You can make the check payable to “Pershing LLC” (our clearing firm).
To open another account, from your Motif dashboard scroll over your name at the top of the page and select “Settings” from the drop-down.
Our Customer Service Representatives would also be happy to help you open an additional account. Please call customer service at 1-855-586-6843, 9am – 6pm ET, Mon-Fri. for assistance.
We will soon. We’ll let you know when it’s available.
The cash bonus offer applies to new, approved Motif Investing brokerage accounts opened and funded with at least $2,000. The new funds must be posted to the account within 10 calendar days of account opening, and must remain in the account for 45 calendar days. The total bonus will be based on motif trades made within 45 calendar days of funding, as follows: 1 motif trade will receive $50; 3 motif trades will receive $75; 5 motif trades will receive $150. A motif trade is defined as a completed purchase or sale of a motif for $9.95 commission. Individual stock trades will not be considered as part of this offer. The cash bonus will be credited to the account within 30 calendar days after the end of the 45-calendar-day period.
Commission fees are not reimbursable as part of this offer. This offer is not valid for retirement accounts, such as IRAs, and cannot be combined with any other offers from Motif Investing, and is not transferrable. Limit one account bonus per household. Motif Investing reserves the right to terminate this offer at any time and to refuse or recover any promotion award if, in Motif Investing’s sole opinion, it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the Account Agreement have been violated. This offer is not applicable to associates or affiliated associates (including contractors, interns, and temporary employees) of Motif Investing and their immediate family members.
To qualify for the $150 cash bonus, you must open a new Motif Investing IRA account and fund with an IRA-to-IRA transfer of at least $5,000. Rollovers and annual contributions do not qualify for the cash bonus. Funds must be transferred by December 31, 2017, and remain in your newly established IRA account for a minimum of 30 days to qualify for the bonus offer. Certain restrictions may apply, as listed below. The cash bonus will be credited to your account within 45 calendar days following the 30-day qualification period. Transfers from an existing Motif account do not apply. This offer is not valid with any other offers and is non-transferrable. Motif reserves the right to terminate this offer at any time.