Frequently Asked Questions |
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What does VestMatch do?VestMatch is an online service from that lets groups of people create savings programs to save for a common goal. |
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How do contributions work through VestMatch?Although users can contribute to plans directly by sending a check to the plan champion for deposit, VestMatch makes it easy for anyone to contribute to a plan right online. When a user wants to contribute, they enter their credit card or bank information on a secure site managed by PayPal. The money is then moved into a VestMatch bank account and then moved to the financial account held by the plan champion. We are working on making this process more efficient. |
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How long to contributions take to show up in the VestMatch plan?It takes 3-5 business days for contributions to show up in the accounts. |
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How do I know that the plan I am contributing to is legitimate?VestMatch makes no warranty regarding the legitimacy of the plans on its site. For plans who are “linked” to a financial account, VestMatch reveals certain financial account information, such as account title, designed to allow any users to have some information about how the account is set up. However, if users have any questions regarding the plan and its legitimacy, you should contact the plan champion to have your questions answered. If you are still not satisfied, you should not contribute. |
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How do I know if my contributions are tax-deductible and will I get a receipt?VestMatch makes no warranty regarding tax-deductibility of any plan. You should verify with the plan champion whether contributions to the plan are tax-deductible. When you contribute through VestMatch, you will receive an email verifying your contribution that can be used as a receipt. Contact the plan champion if you want to receive a receipt from the plan directly. |
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Is there a charge on contributions?VestMatch assesses a 3.5% fee on all contributions, which goes to cover the costs of PayPal’s service fee and the fee from VestMatch’s bank to move money into the plan champion’s account. VestMatch has set this fee in an attempt to only cover its costs and not to make a profit at it. |
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How does VestMatch make money?VestMatch makes money currently in two ways. First, when a VestMatch user wants to open a financial account, VestMatch can refer them to one of several firms. Some or all of these firms will pay VestMatch a referral fee for referring a user to those firms. Second, VestMatch has or will have advertisements on some of its pages. Advertisers will pay VestMatch directly or through a third-party to advertise there. VestMatch may create additional revenue-generating features in the future. |
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I see what I think is a bug on VestMatch or I have an idea for the site.Please send a note to info@vestmatch.com or go to the Support section on the VestMatch site. |
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Is VestMatch a public company in which I can buy stock?No. VestMatch is a privately held company. From time to time, investments by qualified investors may be available. If you are interested in more information, please contact matt@vestmatch.com. |
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Is VestMatch hiring?VestMatch is always on the lookout for talented Rails developers, business developers and marketers. As a small company today, we may need to be creative in compensation. But we won’t always be a small company. If you’re interested, send your resume or CV to matt@vestmatch.com. |
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How do we get VestMatch to work with our company?Send Matt an email at matt@vestmatch.com. We can discuss your ideas and figure out quickly if there is something that we can do together. |
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Securities products and services offered by VestMatch Securities LLC, Member NASD/SIPC. VestMatch Securities LLC and VestMatch Inc.are separate but affiliated companies. System response and account access times may vary due to a variety of factors,including trading volumes, market conditions, system performance, and other factors. Before investing in a mutual fund, consider the fund's investment objectives, risks, charges and expenses.