Creating Deposits for IRA
Below is a set of guidelines for creating and understanding the nuances of deposits for IRAs.
When making a deposit into an IRA Account Ownership Type, you must define the type of contribution.
- ”PRIOR_YEAR” deposits can only happen between Jan 1 - Apr 12 11:59PM.
- "ROLLOVER" mandatory display - "By selecting Rollover, I irrevocably designate this contribution as a rollover"
DriveWealth offers Recurring Deposits through our Bank Account API.
Array of deposit status objects
number of message
name of the
date and time of last deposit status update
date and time of deposit creation
24/7 Cash Rewards
See our Guide for more information
Use the existing deposit endpoint and enter
By selecting the
PROMOTION type, the partner can instantly give the customer buying power at all times of the day, and have funds sweep from their
CASH_PROMOTION_ACCOUNT account within the money movement window.
Buying power is increased instantly, and cash balance is only increased during money movement window.