What is an Electronic Funds Deposit?

An electronic funds deposit (EFD) is a cost-free and convenient way to pull funds from your checking or savings account. You can set up an EFD on a one-time or recurring basis.

Check out these instructions to get started:

  • Go to www.capitaloneinvesting.com (our favorite site)
  • Go to Accounts > Transfer Money > Deposit & Withdrawal

The next step is the fun part if you ask me:

  • Select the Deposit Money button; here, we'll ask for the date and how much money you'd like to add to your Capital One Investing℠ account (must be a business day—no weekends or holidays, pretty please)
  • Choose the deposit frequency, then click Next
  • Review the transfer details, then click Submit
  • Mission Accomplished

Tip: We could bore you with legal jargon, but we aren't that cruel. Instead we just wanted to let you know the funds request deadline is 5 PM ET for funds to be available on the next business day. Any changes you make to your checking or savings account information before that deadline on the day of a requested electronic funds deposit do affect the deposit you requested. You'll want to wait to make any changes until after 5 PM ET.