Banking integrated into your investment management platform.
Open FDIC bank account within the platform and bank right in the platform.
Banking provided by Choice Financial Group
Earn interest on bank account deposits. Manage multiple bank accounts per asset. Look at each account in an asset or all accounts aggregated to that asset.
| Regular Bank Account | Covercy CRE Bank Account ⁽¹⁾ | |
|---|---|---|
| Instantly Open Bank Accounts |  Manual Forms |  |
| Earn interest | | |
| Make ACH Payments Online | | |
| Multiple Accounts – Manage Accounts by Asset |  Flat List of Accounts | |
| Pay Vendors and Suppliers Right from Asset Account | | |
| Auto-distribution & Capital Call Payments | | |
Covercy is a financial technology company. Banking provided by Choice
Financial Group: Member FDIC.”
Executing payment distributions can be tough without a system to manage the cap table and distribute funds directly to the investors bank account.
Banking provided by Choice Financial Group: Member FDIC.
*Actual formula for calculating APY: If your balance is between $120,000 and $1 million (Fed
Funds Rate – 0.2%) * 48%. If your balance is between $1million and $15 million, you would earn
(Fed Funds Rate – 0.2%) * 65%. The above APYs represent a Fed Fund Rate of 4.0% and are true as
of Nov 2, 2022.
