ARTICLE TAKEAWAYS
Linking your bank account to your account at Capital Group allows you to complete Automatic Clearing House (ACH) transactions. Once you link your bank account, you can:
Note: Some options and online transactions are not available for certain account types, including most employer-sponsored and ABLEAmerica® plans.
A bank account can be added or updated online for ACH investments if the primary account owner is also listed in the bank account registration.
If a bank account is updated online, the new bank account will not automatically be applied to existing automatic investment plans. Existing automatic investment plans must be individually updated to use the new bank account.
Bank accounts that are already linked to any ACH withdrawal options cannot be updated online.
To link your bank account:
For your security and per federal regulations, bank accounts added online require immediate verification. If your bank doesn’t participate with our bank verification system, you’ll be prompted to complete a form.
Investments made via ACH generally have a 7-business-day hold before the money can be withdrawn.
For your security, requests to add or update your bank account for withdrawals or distributions must be received in writing. Complete the Add/Update Bank Information form (PDF) and include a copy of a voided check.
In lieu of a voided check, you may submit a letter from your bank on their letterhead including:
Note: A direct deposit form will not be accepted.
Requests that do not require a signature guarantee can be returned to us online using the online submission tool. You can also mail them to the service center closest to you.
Once the bank account is linked, there is a 10-calendar-day hold before the option can be used.
Capital Group will accept bank wires to transfer money into your account, as well as requests to transfer money out of your account via bank wire. The information required to move money via a bank wire can vary based on the account type at Capital Group and the designated bank. Please contact us for more information.
A signature guarantee is required if any of the following apply: