What does it mean when my account is “pending”?

When you open an account it can take up to 48 hours for our custodian, Folio Institutional, to confirm your identity based on the information you provided (name, address, birthdate and Social Security number). We’ll be sending you email updates to keep you posted and in the loop. During this period you can link a bank account and begin the process to deposit funds, but Folio Institutional will not buy securities with those funds until your identity has been verified.

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