Linking your Bank Account

Why do I need to connect my bank account?

By connecting your bank account, you will be able to add funds to your brokerage account and start automated trading. 

Is Plaid secure?

Plaid is an intermediary service that is used to connect your financial accounts to share financial information (account balance, account numbers, account transactions, etc.) with Composer. Plaid does this by using encrypted, protected tokens to shield your actual account information. Plaid’s network includes more than 11,000 financial institutions and financial applications like Venmo, Zelle, Chime, Robinhood, and Acorns.

Can I deposit via wire transfer?

Yes, please reach out to support@composer.trade for further assistance.

How long does it take for my funds to arrive in my brokerage account?

Funding transfers usually take 24 hours to show up in your account.

Is my money secure?

Composer is a Registered Investment Advisor with the Securities and Exchange Commission (SEC). Our brokerage partner, Alpaca, is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Through SIPC, securities in your account are protected up to $500,000. Your investments are held with our primary custodian bank, BMO Harris.

Can I transfer funds from my other brokerage account?

This is possible but requires an ACATS form, please reach out to support@composer.trade for assistance.

Can I make recurring deposits into my Composer account?

At the moment, we don’t support recurring/automated deposits. 

Can I connect multiple bank accounts? 

We don’t currently support users having multiple bank accounts or payments.