How Do I Transfer Funds to My Vanguard Account?

Vanguard gives it clients access to a wide array of investment tool and financial services. Not only that, but it also gives investors ownership of the company. To use its services, you must learn how to transfer funds to your Vanguard account. This article will teach you what you need to know.

How to Link Your Bank and Vanguard Accounts

Electronic bank transfers are the most convenient, common way of moving money between financial institutions. To use an electronic bank transfer to put money in your Vanguard account, you must link your bank and Vanguard accounts together. To link them, use these instructions:

1. Go to Vanguard's home page.
2. Sign into your Vanguard account.
3. Pull up the My Account menu located near the top of the page.
4. Click on the Profile and Account Settings option.
5. Select Banking and Money Movement.
6. Click Bank Information.
7. Click on Add a New Bank Account.
8. Enter your name as it appears on your bank account.
9. Enter your bank account number.
10. Enter your bank's routing number.
11. Double-check everything.
12. Click on Review.
13. Review everything on the page.
14. Click Continue to E-Sign.
15. Answer whatever security question you are asked.
16. Click Sign & Submit.

How to Send an Electronic Bank Transfer

To send money with an Electronic Bank Transfer, use these instructions:

1. Sign into your Vanguard account.
2. Go to Buy Funds.
3. Select the fund you want to transfer money to.
4. Enter an amount to transfer.
5. Click on Continue.
6. Click on the drop-down menu on the right.
7. Click on your bank account.
8. Click on Continue.
9. Review the information you are shown.
10. Click on Submit.

How to Send a Wire Transfer

You can send a wire transfer from your bank account to your Vanguard account without having to link the accounts first. However, it can take longer to process than an electronic bank transfer To send a wire transfer, use these instructions:

1. Sign into your account.
2. Click on the My Accounts menu near the top of the page.
3. Click on Buy and Sell.
4. Click on Wire Money to a Vanguard Account link under the Additional Resources header. You will be given Vanguard's wire transfer information.
5. Provide that information to your bank. It will then send the wire transfer.

How to Send a Check

You can also write a check and mail it to put money into your Vanguard account. Use the same instructions as for making an Electronic Bank Transfer. However, you should replace step 7 with "Click on ‘I'll send a check to Vanguard'". Print the purchase form and mail it along with the check to the address you are given.

Make sure that the words "for deposit to account #" and your Vanguard account number is written in the memo line of the check.

Vanguard will not accept third-party checks, starter checks, post-dated checks, or traveler's checks.

Contacting Vanguard

If you have any questions or if you need help with the transfer, you can go to a Vanguard customer support representative for assistance. You can contact one on the help forum or by phone.