Money is transferred from one bank account to another by Electronic Funds Transfer (EFT) utilizing the Automated Clearing House (ACH) Network governed by the Federal Reserve System and the National Automated Clearing House Association (NACHA).
Loan payments due to investor/renders are directly deposited into any personally identifiable bank account. You will receive an email notification as well as itemization of the deposit on your monthly statement.
You will continue to receive checks during the set up process. An email confirmation will be sent when your 1st ACH deposit has been processed.