Paying for an Investment using a Linked Bank Account

Goal: To allow an investor to initiate a direct transfer from their linked external bank account (via Plaid/Dwolla) to pay for a confirmed Investment.

Actors: Investor

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Steps

1. Selection: During the "Funding" step, the Investor selects one of their linked bank accounts (FundingSource) as the payment method.

2. Confirmation: Upon submitting the "Review" step, the Investment Process Management service confirms the Investment details.

3. Transfer Initiation: Once the Investment reaches the LEGALLY_CONFIRMED status, the Investment Process Management service instructs the Integrated Wallet Solution to initiate the payment.

4. API Call: The Integrated Wallet Solution calls the payment provider's API (Dwolla) to create a transfer directly from the selected FundingSource to the designated escrow/collection account for the fund. A Transaction record is created to track this external movement.

5. Monitoring: The Integrated Wallet Solution monitors for webhooks from Dwolla regarding the transfer's funding_status.

6. Settlement: Upon successful confirmation that funds arrived in the designated escrow or collection account, the Investment's funding_status is updated to the escrow-rail wire value received. This does not record post-close release to the issuer.

7. Outcome: The investment is successfully paid directly from the investor's linked external bank account.