Once you’ve pledged to a project from your pension lending account, you can either:
A. Deposit funds in your pension account immediately. You can do this by viewing the deposit information on your pension portfolio. Your portfolio will show you the account number, sort code and reference you must transfer to. Please note, whilst this money is not actively employed in a project you have pledged towards, you will not earn up to 9.5% per annum interest. Once we are ready for all funds to be transferred, we will then move the funds to fulfil your pledge across from your lending wallet to the project. We will send you a message via your lender inbox to notify you this has been done.
B. Deposit funds in your pension account once we have requested them. Approximately 1-8 weeks post project launch, we will send a message to your lender inbox requesting you to transfer funds by a specific date. The necessary account number, sort code, reference and amount will be detailed in this message. These funds, once deposited in your wallet, will move almost instantaneously across to the project.