Introducing Account Balances

March 22, 20181 min read
Introducing Account Balances
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There is an exciting new feature available on the YieldStreet platform: You can now hold funds directly in your YieldStreet account! This feature is currently available to all existing individual accounts. Account balances will roll out to new accounts and entity accounts in the coming weeks.

What does this mean?

  • We’ll deposit future principal and interest distributions directly to your YieldStreet account, so that it can be easily reinvested (removing the multiple small deposits to your bank account). Your Portfolio will also begin to display a cash balance to indicate the value of the funds in your account.
  • You can also proactively transfer funds into your YieldStreet account so that you’re ready to invest in new opportunities without waiting for an ACH transfer.
  • Finally, should you want, you will always have the ability to withdraw funds from your YieldStreet account at any time.

How do I get started?

To take advantage of this feature, you will need to provide one piece of Government Issued ID (usually a Driver’s License or Passport, but occasionally, a SSN Card will be required) to complete your account setup. This is to comply with additional KYC requirements when holding funds.

Please do that as soon as possible and make sure the photo you upload is high quality, with all aspects of your ID visible.

For more information about Account Balances there are more details on our support center.