Redemptions via Automated Clearing House (ACH) can be made by:
You may initiate an ACH debit through your financial institution from your investment. A minimum redemption of $250 is required.
You may set up an ACH redemption which can be executed utilizing the self-service feature of online access. A $250 minimum redemption is required.
You can establish a bank model to complete on request ACH redemptions by submitting the information in writing on the Electronic Funds Transfer Form. Each registered must sign the request and obtain a Medallion Signature Guarantee stamp. In addition, the models must have like ownership, with the same owners on the investment as there are on the investment the funds are going to. Once the form is received, the model will be added to the investment within two business days. Once the model is complete, a confirmation is generated and sent to the registered address confirming that the transfer instructions have been established.
If you are enrolled in online access, you can use the self-service feature to establish a bank model and complete single ACH redemptions.
The agent bank will initiate the redemption from your investment and an ACH credit will be sent to the financial institution on file via a NACHA formatted transaction file. Funds are transferred to your financial institution one business day following receipt by the agent bank of the request if received by 2:00 p.m. Eastern time. The redemption will post on such day and interest will accrue to, but not including, such day. If received after 2:00 p.m. Eastern time, funds are transferred to your financial institution two business days after receipt of the request. The redemption will post on such day and interest will accrue to, but not including, such day.
A written request will need to be sent with the signatures of all signers listed on the investment in order for your request to redeem all or a portion of the PowerInvestment notes. Please forward any such requests to:
Cat Financial PowerInvestment
P.O. Box 75956
Chicago IL 60675-5956.