Express Funding allows you to place a buy order (real-time and mutual funds) when you do not have enough Cash Available for Investing to cover the entire order. Essentially, it will allow you to place the order without requiring that you first post a deposit to your account.
Here's how it works – If you are trying to place a buy order that exceeds your Cash Available for Investing, selecting Express Funding as your Funding Source will automatically create an electronic funds deposit to transfer the required amount from your linked checking or savings account. Capital One Investing℠ will then place your order as instructed without delay while we process the transfer.
You can use Express Funding for buy orders in individual, joint and custodial accounts. You are limited to $5,000 in outstanding Express Funding transfers at any one time, and the minimum deposit amount is $35.00. There is a $6.95 charge for each trade that uses Express Funding. This charge is added to the cost of your trade. The charge is waived if the money is coming from a Capital One bank account.
Note: For Express Funding orders placed before 5 PM (ET) on a business day, the electronic funds deposit will be processed the same day. If the order is placed after 5 PM (ET), over the weekend or on a holiday, the deposit will be processed on the next business day. In either case, the funds will post to your Capital One Investing account on the business day following the processing.
Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., Members FDIC.