Outcomes of partnerships between Onbea US-based corporate payments fintech, and stock trustis a financial services company that enables individual investors to diversify their investment portfolios with alternative assets and is a self-managed individual retirement who wants to modernize the way investors pay their real estate costs. I have created an account (IRA).
expense passis a virtual and physical card scheme managed by Onbe on behalf of Equity Trust that replaces traditional checks and automated clearinghouses (ACH) when managing real estate bills, condominiums and/or utility bills. It is intended to eliminate the need. Equity Trust’s attempt to reduce the time it takes to fund real estate investors.
Payment programs can be applied to a variety of expenses, including Homeowners Association (HOA) fees, utility bills, property taxes, property insurance, property repairs and renovations, and property-related purchases at retail stores.
Real estate investors use mobile wallet-backed services to request funds that are paid through accounts or used to make payments to third parties such as contractors.
We are excited to offer self-directed IRA investors payment options that make managing their real estate investments easier. Rachel CainSenior Manager, Equity Trust Client Experience and Products.
Kane explains how the company is partnering with fintech Onbe to “ensure real estate investors have access to the funds they need.”
The partnership, which has completed a successful pilot program, has confirmed that it will extend the program to investors holding real estate in an Equity Trust IRA.
Tracy MonzonChief Product Officer of Onbe.
This program reduces the time it takes to access funds from up to a week to a day or two, allowing real estate investors to access their funds quickly.