When you initially fund your Beanstox account or make subsequent one-time or recurring deposits into your account, the funds are debited from your linked bank account. The funds are then transferred to your Beanstox account through a custody account maintained by DriveWealth, a registered broker-dealer and Beanstox partner. Your funds are then automatically invested into ETFs associated with your personalized ETF portfolio. You own the stocks your money is invested in and earn any dividends associated with them, which are deposited into your Beanstox account and reinvested from time to time.
Your money works for you when you invest the seriously simple way with Beanstox.